Epicor takes Eagle software higher
Nashville — Epicor Software Corp. announced the newest version of Epicor Eagle business management software during its Insights global consumer conference here.
With high penetration in the LBM and hardware space, Epicor Eagle software empowers small to midsize retailers with the tools required to optimize their business and better manage day-to-day operations, the company said.
“We serve more than 8,000 business locations across sectors such as Hardware & Home Center, Lumber & Building Materials, Lawn & Garden, Sporting Goods, Automotive Aftermarket, Farm-Home, and Pharmacy,” said Craig McCollum, executive VP and general manager, retail distribution solutions for Epicor. “Epicor Eagle is a solution built upon decades of customer input, industry-specific experience and its ability to successfully manage the full spectrum of store operations. Continuous innovation provides our customers with the competitive advantage necessary in today’s fast-paced business environment — ensuring continued growth and efficiency.”
Also shown during Insights 2013 was the new release of Eagle Loyalty and Eagle Tablet POS — both of which will be available later this quarter.
Eagle Loyalty is designed help profitably attract, retain and manage customers. Eagle Tablet POSprovides full checkout capability to non-lane personnel, which in return enhances the productivity of employees.
Other enhancements available in the newest version of Eagle include:
Signature Capture: set up to require customer signature when a specified item is added at POS;
Special Order Alerts: set up alerts to warn staff of an item that hasn’t been received;
Importing item lists: capture a list of items using Mobile Inventory;
Recurring Suggested Order Report: discount rate policy and backorder rules will be automatically updated when report runs; and
Sales History Summary Viewer: analyze historical sales, weigh what-if scenarios and export key sales transactions.
Valspar sales flat in second quarter
Minneapolis paint giant Valspar reported second quarter net sales of $1.03 billion, essentially flat with the prior-year quarter.
The company, which recently signed a deal to become the key supplier of paint for Ace Hardware, reported net income of $76.9 million, up from $76.5 million in last year’s second quarter.
Volume was up 7%, including the Ace deal, up 3% excluding Ace.
"Strong volume growth in the quarter was driven by new business wins," said Gary E. Hendrickson, chairman and CEO. "We saw improving momentum in the U.S., driven by solid performance in our consumer paints, packaging, wood and coil product lines."
The company also announced it was spening about $30 million to support facility consolidations, production line transfers and efficiency improvements. These actions, the company said, will generate annual savings of "approximately $0.10 per diluted share by fiscal 2015."
Sherwin-Williams paints NASCAR
NASCAR and Sherwin-Williams announced a multi-year partnership designating the nation’s largest specialty retailer of paint and painting supplies as the "Official Paint of NASCAR."
In the release announcing the deal, Sherwin-Williams said many of its customers "are fiercely brand-loyal fans of the sport."
"The Sherwin-Williams Company is thrilled to be the ‘Official Paint of NASCAR.’ We have invested in the sport at the team level since 2000, sponsoring about 85% of the teams in the NASCAR Sprint Cup Series," said Chris Connor, chairman and CEO, The Sherwin-Williams Company. "With more than 3,500 stores nationwide, this comprehensive Official Partnership will enable us to connect with our wide customer base across the country and to truly partner with NASCAR at every track."
In addition to signing on as an Official NASCAR Partner, Sherwin-Williams also becomes a Contingency Sponsor in the NASCAR Sprint Cup Series, NASCAR Touring & Weekly Series and GRAND-AM Road Racing. The NASCAR and GRAND-AM contingency programs foster strong relationships between competitors and the high-quality, performance-driven brands that are part of the program, by providing prize money for each race and at the end of each racing season. Competitors become eligible for the money by displaying partner decals on their race vehicles. As part of the contingency program, Sherwin-Williams will be title sponsor of the Fastest Lap Award in the NASCAR Sprint Cup Series.