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eCommerce

  • Uniqlo to make Southern California debut

    Costa Mesa, Calif. — Uniqlo is expanding into Southern California. The Japanese apparel retailer will open its first stores in the region this fall, at the Beverly Center in Los Angeles and South Coast Plaza in Costa Mesa.

    Uniqlo announced announced it will an additional location in Northern California, at the Sunvalley Shopping Center in Concord. Also in the works: a store at Stamford Town Center, Stamford, Conn.
     
    The retailer, owned by Japanese holding company Fast Retailing Co., currently has 17 stores in the United States.

  • IBM: Valentine’s Day online shopping up 8%

    White Plains, N.Y. — Overall online shopping rose 8% during the week before Valentine's Day compared to the same period in 2013. Growth was particularly strong in the categories of gifts (up 20%), apparel (up 17%) and health and beauty (up 15%), and department stores (34%) compared to the previous year.

  • Rakuten to buy messaging app Viber Media

    New York — Japanese e-commerce giant Rakuten Inc. will buy messaging app provider Viber Media Inc. for $900 million. Rakuten, which is also a major investor in Pinterest and owner of U.S. online retailer Play.com, seeks to use Viber as a platform for both mobile shopping and content consumption, according to the Associated Press.

    Rakuten offers services from financing to shopping to online video on its e-commerce platform, the largest in Japan.

  • GNC has strong Q4; will enter Russia

    Pittsburgh — GNC Holdings Inc. reported positive financial performance during the fourth quarter and fiscal year 2013. For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.

    In addition, the chain reported consolidated revenue of $613.7 million for the quarter, an increase of 8.6% from $565 million from the year-ago period. Same-store sales increased 5% in domestic corporate stores and 3.3% in domestic franchise stores.

  • Jos. A. Bank to acquire Eddie Bauer for $850 million

    Hampstead, Md. — Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $825 million. The deal is the latest chapter in Jos A. Bank’s ongoing takeover battle with Men’s Wearhouse. Last fall, Jos. B. Bank tried and failed to buy rival Men’s Wearhouse for $2.3 billion. Men’s Wearhouse then began pursuing Jos. A. Bank.

  • Whole Foods to Mayfair in Wauwatosa, Wis.

    Chicago, Ill. — Whole Foods Market has signed a 45,150-sq.-ft. lease to anchor the second phase of The Mayfair Collection, a large-scale, mixed-use development in Wauwatosa, Wis. It will be the specialty grocer’s second store in the Milwaukee metropolitan area.

    Plans for the second phase of the center also include approximately 50,000 sq. ft. of junior anchor retail space, a mix of upscale bars and restaurants, a bank branch and a 140-room hotel.

  • Jos. A. Bank acquires . . . Eddie Bauer

    Jos. A. Bank is in the process of acquiring Everest Topco, a portfolio company of Golden Gate and parent company of the Eddie Bauer brand.

    The purchase price for Eddie Bauer consists of a combination of $564 million in cash and approximately 4.7 million new shares of common stock of Jos. A. Bank, issued to Everest Topco at $56 per share, a premium to the pre-announcement share price.

  • Rakuten accelerates digital strategy with Viber acquisition

    Rakuten has acquired Viber, a pioneering messaging and VoIP company, for $900 million.

    Viber has a global user base of 300 million registered users. The acquisition will enable Rakuten to penetrate new markets with multiple digital content offerings, in combination with its e-commerce and financial services platforms.

  • Jo-Ann gets patriotic ahead of Presidents Day

    Jo-Ann Fabric and Craft Stores is partnering with FabricTraditions, a leading producer of printed fabrics for the home sewing industry, to bring the Creating New Traditions collection of fabrics made entirely in the United States to all Jo-Ann stores nationwide and Joann.com.

    FabricTraditions will donate a portion of sales to The National Military Family Foundation.

  • GNC focuses on expansion following Q4 results

    Despite a challenging retail environment, GNC performed well during the fourth quarter and fiscal year 2013, generating what chairman, president and CEO Joe Fortunato described as solid top and bottom line growth.

    For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.

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