eCommerce

Target Corp. is the central player in a drama that even Hollywood wouldn’t dream    A Florida man has been charged with plotting to bomb Target stores along the East Coast — an attempt to cheapen the company’s stock.  

An inconsistent U.S. marketplace and the sale of one of its business units contributed to lower fourth quarter sales for VF Corp.   The company, whose brands include The North Face and Timberland, reported that its net sales fell 0.1% to of $3.2 billion, for the quarter ended Dec. 31, 2016.    Total revenue came in at $3.3 billion, down 0.2%.  

The $500 million sale of online diamond and jewelry retailer Blue Nile has been completed.   The company was acquired by an investor group comprised of Bain Capital Private Equity, Bow Street and Adama Partners for $40.75 per share in cash. The transaction, first announced on Nov. 7, 2016, was approved by shareholders on Feb.2, 2017.  

An Indianapolis-based appliance and electronics chain is bringing in outside help as it struggles with sinking sales.    Hhgregg announced that it has engaged subsidiaries of Stifel Financial Corp. for advice on potential strategic and financial transactions as the retailer works to improve liquidity and return to profitability.  

Shoptalk, the “nextgen commerce event,” is still accepting applications for a new initiative that connects retailers and brands with technology companies — and provides complimentary tickets and travel reimbursement to the event.    Shoptalk will accept applications for its new “Hosted Retailers & Brands Program” until midnight on Friday, Feb. 17. More than 100 retailers and brands have already been accepted into the program. (Shoptalk will be held March 19-22, 2017, at the Aria in Las Vegas.)

Chain Store Age will be closed on Monday, Feb. 20, in observance of Presidents' Day. We will reopen and resume our normal schedule on Tuesday, Feb. 21. 

Gainesville retail pioneer Butler Enterprises announced the signing of P.F. Chang’s as a restaurant anchor at its Butler Town Center, now under development.   "It's an excellent fit for P.F. Chang's and we're really looking forward to sharing our farm-to-wok food philosophy with the entire Gainesville community," said P.F. Chang’s CMO Dwayne Chambers.  

The Retail Design Institute has extend the deadline for submission of entries to the International Store Design Competition to March 1, 2017   Design firms and in-house retail design teams from around the globe are invited to submit projects for the Retail Design Institute’s annual competition. Eligible projects are those completed between January 1 and December 31, 2016.