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Direct To Consumer (DTC)

  • Liberty Interactive to launch QVC Group tracking stock

    West Chester, Pa. - Liberty Interactive Corporation plans to create a QVC Group tracking stock as part of a recapitalization of the Liberty Interactive Group tracking stock. The QVC Group class of common stock will track the value of QVC, Inc. and Liberty's approximate 38% interest in HSN, Inc., along with cash and certain liabilities.

  • Jos. A. Bank issues response to Men’s Wearhouse rejection

    The Men’s Wearhouse has rejected Jos. A. Bank’s offer to acquire the retailer for about $2.3 billion in a $48 per share all-cash offer, and Jos. A. Banks is not taking no for an answer. 

    The acquisition would create a men’s apparel powerhouse with more than 1,700 stores across the nation. However, the Men’s Wearhouse said in a press release that the unsolicited offer significantly undervalues the company, is inadequate and not in the best interests of the company or its shareholders.

  • Five new retailers to The Shoppes at Chino Hills

    Chino Hills, Calif. — The Shoppes at Chino Hills, a 380,000-sq.-ft. community and lifestyle center in Chino Hills, Calif., has announced leases with five new retailers.

    DB Shoes has opened its first Inland Empire store in a 6,100-sq.-ft. space next to Aeropostale.

    Another Inland Empire first is The Kickin’ Crab, set to open in the spring of 2014.

    Originally an online business, Kid’s Wonderland recently opened its first brick-and-mortar retail location at Chino Hills.

  • Report: Tower Three divests remaining stake in Restoration Hardware

    New York -- A report by Wall Street Journal revealed that private equity investor Tower Three Partners will sell its final 3.9 million shares in Restoration Hardware Holdings, marking an exit for the buyout firms that acquired the home furnishings retailer in 2008.

    Restoration Hardware’s private-equity backers have been cashing out amid a 90% rally in the stock this year, according to the report.

  • Overstock.com opens warehouse in Pa. in time for holiday

    Overstock.com has opened a distribution center in Jonestown, Pa., just in time for the holiday rush. The new operation means faster fulfillment of orders. Shipping products from the Jonestown facility will provide orders to customers from Maine to Florida within two days of order shipment.

  • Sport Chalet sets sights on yogis

    Specialty retailer Sport Chalet is promoting its yoga apparel and gear to experienced yogis and first-timers alike.

  • BeachMint appoints Olsen twins as co-chairs of advisory board

    BeachMint, parent company of JewelMint, StyleMint, ShoeMint and intiMINT, has expanded its partnership with Mary-Kate Olsen and Ashley Olsen, designers of the Row, Elizabeth and James, Olsenboye and StyleMint. 

    The agreement names Ashley Olsen and Mary-Kate Olsen co-chairs of BeachMint's advisory board, a role that will be consultative and creative in nature across the four fashion Mint brands. Previously the celebrity twins were partners and designers solely in BeachMint's apparel brand, StyleMint.

  • Report: Neiman-Marcus, Hudson’s Bay Company seek loans

    Dallas – Neiman-Marcus Group Inc. and Hudson’s Bay Company (HBC) are reportedly seeking loans to support merger and acquisition activity.

    According to Bloomberg, Neiman-Marcus is trying to secure $3.75 billion in loans to support its planned buyout by Ares Management LLC and the Canada Pension Plan Investment Board. That figure reportedly includes a $2.95 billion term loan and an $800 million asset-backed loan.

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