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Retail

  • The Container Store expands its e-commerce horizons

    The Container Store is turning to Borderfree, a leading global e-commerce platform, to help it expand its international e-commerce reach in time for the holiday season.

    Previously only accessible to consumers in the U.S. and Canada, the Container Store’s online product offerings are now available to consumers in Australia, India, Mexico, Germany, France, Japan, Switzerland, Russia and the United Kingdom.

  • Through the Looking Glass

    The “present” of retail technology just got a little more futuristic. Specialty paint retailer Sherwin-Williams recently released a new consumer app for Google Glass, called ColorSnap Glass, which provides a digital layer of color samples customers can view using the Google Glass device.

  • Accenture: holiday spending to increase 11%

    Shoppers in the United States plan on spending an average of $646 on gifts this holiday season, representing an 11% increase over the $582 they planned to spend, on average, in 2012, according to Accenture’s annual holiday shopping survey. The forecast uptick is more optimistic than other holiday surveys released to date.

  • Dollar General opens 11,000th store

    Goodlettsville, Tenn. -- Dollar General Corp. has opened its 11,000 store, marking itself as the retailer with the most stores in the United States.

    The st0re is located in Murfreesboro, Tenn. Dollar General said it anticipates opening 650 new stores in 2013. The company plans to create 6,000 new jobs in 2013.

  • Walgreens announces plans to launch financial services

    Walgreens plans to launch a full suite of integrated financial services, Balance Financial, in phases throughout the next few months. 

    The services are all built around the chain’s new Balance Financial Prepaid MasterCard. Balance Financial is currently offered to customers of more than 250 Walgreens locations in Detroit, Milwaukee and Nashville, with a nationwide card rollout expected before year end and additional financial services in 2014. Balance Financial is powered by Galileo, a leader in advanced payment processing solutions.

  • GE Capital is sole lender on $100 million credit facility for Samuels Jewelers

    Norwalk, Conn. – GE Capital, Corporate Retail Finance announced it is administrative agent and sole lender on a $100 million senior secured credit facility for Samuels Jewelers. The proceeds will be used to refinance existing debt and to support ongoing working capital needs. GE Capital Markets served as lead arranger.

  • CashStar appoints new CEO

    CashStar, a digital gifting company, has named Ben Kaplan as the company’s president and CEO. In addition to his role as president and CEO, Kaplan remains a member of the company’s board of directors, to which he was appointed in August when he joined CashStar as COO.

  • Walmart supplier Redman & Associates to set up manufacturing facility in Arkansas

    Rogers, Ark. -- Walmart and Redman & Associates, a manufacturer of ride-on toys, announced that Redman will open a new manufacturing and distribution facility in Rogers, Ark., that will six-volt battery-powered ride-on toys featuring characters from popular Disney and Marvel franchises.

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