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eCommerce

  • Dollar Tree arranges financing for Family Dollar purchase

    Chesapeake, Va. - Dollar Tree Inc. is arranging financing for its pending acquisition of Family Dollar Stores Inc. To that end, Dollar Tree has priced a private offering of $$2.5 billion of senior notes due 2023 and $750 million of senior notes due 2020. The 2023 notes will bear an annual interest rate of 5.75% and the 2020 notes will bear an annual interest rate of 5.25%.

    Dollar Tree has also arranged for a $1 billion term loan with interest of LIBOR plus 2.25% and a $3.95 billion term loan with interest of LIBOR (subject to a 0.75% floor) plus 3.5%.

  • Shopko targets omnichannel shoppers

    As online gift registries become more popular with shoppers, Shopko is giving its gift registry service an omnichannel makeover.

    Shopko has joined forces with MyRegistry.com to offer Shopko customers access to MyRegistry.com’s software platform and services. The partnership enables Shopko shoppers to create and manage personal gift registries using the myregistry.com platform and technology, including an in-store mobile scanning app.

  • Survey: Shoppers still love stores

    New York - While the digital age has encouraged more consumers to shop and browse products on the Web, physical stores are still primary destinations for shoppers, according to an annual survey by PwC's.

  • A&G Realty Partners to manage sale of RadioShack stores, warehouses

    Melville, N.Y. -- A&G Realty Partners, a leading commercial real estate, advisory and investment group, has been retained by RadioShack to manage the sale of retail store leases and warehouses following the company's recent Chapter 11 bankruptcy filing.

  • British toy retailer Hamleys to open U.S. stores; JLL to facilitate rollout

    Chicago -- Famed British toy retailer Hamleys is coming across the pond. The 255-year old company, famous for has retained JLL to facilitate a multiple store roll-out throughout the United States.

  • Adult retailer eyes 50 shades of green

    A perfect storm is brewing for risqué product sales with Valentine’s day falling on a Saturday and coinciding with the release of the erotic film Fifty Shades of Grey.

    Just as retailers such as Toys “R” Us, Kohl’s and Target offer extended hours ahead of Christmas, the 13-unit Hustler Hollywood chain is viewing this weekend’s confluence of events as a major sales opportunity.

  • Forever 21 opens flagship on Fifth Avenue

    Forever 21 has joined the crowded fast fashion scene on New York City’s Fifth Avenue by opening a new 36,000 square foot flagship store.

    The store is spread out over four floors and will carry Forever 21 Men, Forever 21+, F21 Contemporary, basics, denim and shoes.

    The new flagship takes over the site of a former H&M store, which closed in December a few months after the opening of its own new flagship on 48th Street.

  • Tech Bytes: Three Lessons from the Plug and Play Retail CMO Summit

    Chain Store Age’s exclusive media partnership with Silicon Valley accelerator Plug and Play Tech Center offers many benefits. Among them is the chance to escape to the warmth and sunshine of northern California from one of the snowiest winters in the history of New England.

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