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June 4, 2012
Haband plans to close its distribution center in Eatonton, Ga., putting 89 people out of work, reports the Macon Telegraph. Notice of the closure was posted on the Georgia Department of Labor’s business layoff/closure list, the newspaper reported. New Jersey-based Haband is a family-owned business that has offered men’s and women’s apparel and accessories by direct mail since 1925, according to a statement on the company’s website.
June 4, 2012
Walmart.com's march to catch Amazon.com in e-commerce and integrate online and offline offerings is entering some new fronts and generating sometimes surprising results as the company prepares to launch the latest in a spate of new initiatives — Goodies, a subscription mail order sampling program.
June 4, 2012
1-800-FLOWERS.COM announced today that it's made an equity investment in Flores Online, one of Brazil's leading floral and gift retailers. 1-800-FLOWERS.COM has teamed with San Paolo, Brazil-based BR Opportunities, which has also taken an equity stake in Flores Online.
June 4, 2012
Ikea's logging practices are under fire by the Global Forestry Coalition for logging old-growth forests and other high conservation value forests in Russian Karelia through its subsidiary, Swedwood. A petition was launched by Swedish NGO Protect the Forest, a member of the Global Forest Coalition (GFC), to encourage Ikea and Swedwood to alter their forestry practices.
June 4, 2012
Conventional wisdom suggests that putting a mobile ad as close to the point of sale as possible is, for all the obvious reasons, the smartest local mobile targeting method. Geo-fencing and location profiling are, after all, two of the hottest areas of mobile ad tech right now. We presume that proximity aligns best with either intent or opportunity. Suprisingly, the highly geotargeted campaign of banner ads and mobile circulars actually enjoyed higher clickthrough rates when the user was furthest from a RadioShack.
June 4, 2012
Bed Bath & Beyond announced the all-cash acquisition of Linen Holdings for approximately $105 million. Based in Gibbsboro, New Jersey, Linen Holdings is a privately held, value-added distributor of bath, bed and table linens, other textile products and amenities to customers in the hospitality, cruise line, food service, healthcare and other industries.
June 4, 2012
/PRNewswire/ -- Sears Holdings (NASDAQ: SHLD) announced today that Scott Huckins will join the company as vice president and corporate treasurer. Mr. Huckins comes to Sears Holdings from RSC Holdings where he served as vice president and treasurer, responsible for global treasury, credit and investor relations activities. "Throughout the course of his career, Scott has led a variety of public and private capital markets activities, worked extensively with private equity investors and served as the lead in managing relationships with banks and ratings agencies on numerous financing transactions. He has also overseen substantial pension plan assets, managed M&A transactions
June 4, 2012
Tampa Bay Business Journal Related: Retailing & Restaurants, St. Petersburg PRNewsFoto/HSN HSN Inc. HSN Inc. Latest from The Business Journals HSN launching interactive social media contest on PinterestDigital sales drive 1Q gains at HSNS&P: HSN credit doesn’t impact ‘stable’ rating Follow this company will redeem senior notes originally due in 2016 four years early. The senior notes, which have an outstanding principal balance of $240 million, will be redeemed on Aug. 1, at 105.6 percent of the principal amount plus accrued and unpaid interest to the redemption date, a statement
June 4, 2012
Thousands have factory jobs in American Apparel's downtown Los Angeles plant. CEO Dov Charney wants it all made in America. But recently he's talked of importing.
June 4, 2012
HOLLYWOOD, Calif. , June 4, 2012 /PRNewswire/ -- Frederick's of Hollywood Group Inc. (NYSE MKT: FOH) ("Company") today announced the closing of a three-year, $24 million senior secured revolving credit facility through Salus Capital Partners, LLC. This new revolving credit line replaces the Company's previous $12.5 million revolving credit facility with Wells Fargo that was scheduled to mature in January 2013 and approximately $8 million term loan through Hilco Brands , LLC that was scheduled to mature beginning in July 2013 . "We are excited to consolidate our previous credit facility and term loan into one revolving
