Trading Partners

There were no new surprises during November regarding prices at Target and Walmart.

Bellport, N.Y. -- Perfume and fragrance retailer Perfumania Holdings Inc. announced Friday that it will acquire Parlux Fragrances Inc. in a deal valued at $170 million.

Parlux, based in Ft. Lauderdale, Fla., manufactures and distributes fragrances and beauty products, and is one of Perfumania's largest trading partners.

"Parlux brings a wealth of products and expertise as a licensee, manufacturer and international distributor," said Mike Katz, CEO, Perfumania. 

RICHMOND, Va. — Amazon.com announced that it plans to open two fulfillment centers in Virginia, investing a total of $135 million. The company said it will invest $85 million and create more than 1,000 jobs in Chesterfield County, and invest $50 million in Dinwiddie County, creating more than 350 jobs.

DEERFIELD, Ill. — As Walgreens prepares for life outside of the Express Scripts pharmacy network, executives over the course of a Wednesday morning first-quarter conference call continued to maintain they, along with healthcare payers and employers, will be better off for it.

LAS VEGAS — The premier prizes in the supply chain world will be up for grabs in the coming months as the Voluntary Interindustry Commerce Solutions Associations (VICS) has begun soliciting entries for its 15th annual awards program. The awards will be presented at the VICS Collaborative Commerce Achievement Awards Dinner sponsored by Hewlett-Packard to be held June 4 at the Aria Resort & Casino in Las Vegas.

SOLON, Ohio — Macy's is partnering with Earthworks System LLC, a provider of 100% recycled PVC sheets for the plastic card industry and plastic card recycling programs, to provide its customers with a recyclable gift card program for the retailer’s customers. 

New York City -- Borders Group Inc. won court approval of the final details of its plans to dissolve, according to Bloomberg.

The bankruptcy judge finalized terms of creditor repayments Tuesday after five remaining objections were resolved, the report said. Unsecured creditors with $812 million to $850 million in claims will recover from 4% to 10%, probably “at the higher end of the range,” according to court papers.
 

New York City -- Wal-Mart Stores on Friday will appoint Sylvia Mathews Burwell, a former senior executive of the Bill & Melinda Gates Foundation, to head its corporate foundation, according to the New York Times. She also will oversee the retail giant’s social, environmental and economic development programs in Africa.

Burwell replaces Margaret A. McKenna, who became the company foundation’s president in 2007.