eCommerce

Plano, Texas - Rent-A-Center Inc. has sold 14 rent-to-own stores located in Alberta and Ontario, Canada to Canadian merchandise leasing company Easyhome Ltd. The transaction included Rent-a-Center concurrently purchasing three Easyhome rent-to-own stores located in Florida, Missouri and New York.

Cincinnati -- The highly publicized mixed-use project Liberty Center, in Cincinnati, Ohio, has just announced its first slate of retail tenants.  

With a scheduled October 2015 opening, Liberty Center includes more than 800,000 sq. ft. of retail, restaurants and entertainment, including a 200,000-sq.-ft. Dillard’s anchor that will be the state of Ohio’s first ground-up Dillard’s store.

San Jose, Calif. – The upcoming spinoff of its PayPal unit may not be the only deal eBay Inc. has in the works.

According to Reuters, eBay is in advanced talks with private equity firm Thomas H. Lee Partners LP to acquire eBay’s enterprise business for close to $1 billion.

The private equity firms that paid a premium to take Michaels private nearly a decade ago continue to gradually unwind their majority position in the nation’s largest arts and crafts retailer.

New York - American Eagle Outfitters is getting “extreme” with a new omnichannel sweepstakes it is running in stores nationwide and online from July 11 through July 22.

The specialty apparel chain is partnering with World Freerunning & Parkour Federation athletes Gaeton Boullett, Max Henry, Paul Joseph and Tim Burton to promote its Denim X and Flex denim products.

Chain Store Age recently published a list of the top 10 most-read stories of the first half of 2015, and eight are directly focused on brick-and-mortar stores. This is no great surprise because even as retail and society and general enter a true “Digital Age,” physical stores remain as crucial as they were in the pre-industrial era.

Here are three reasons that brick-and-mortar stores are still a vital part of any retailer’s omnichannel strategy.

San Francisco – Never mind Gen Y, the millennial generation that roughly ends with young consumers born in 2000.

Williams-Sonoma tween and tween banner PBteen is targeting the post-2000 “Gen Z” audience with an original six-episode Web series called “Revved Up Rooms.”

Salt Lake City – Overstock.com is expanding the availability of fresh fruits and vegetables for its customers. The off-price e-commerce retailer already makes fresh farm-grown produce available to nearly half of Americans through its online farmers market store, which serves customers in 35 states.