eCommerce

The Bon-Ton board of directors has added Beth Grumbacher, daughter of board chairman and strategic initiatives officer Tim Grumbacher, to its ranks, expanding the number of members to 10.

Boston – Online home furnishings retailer Wayfair Inc. launches its initial public offering (IPO) today. The online home furnishings retailer is offering 11 million shares of common stock at $29 per share, which is above Wall Street projections.

The share offering includes 10.5 million shares of Wayfair stock and 500,000 shares from selling stockholders. Wayfair will not receive any proceeds from the selling stockholder shares, meaning the company should raise about $304.5 million in the IPO.

New York -- Consumers are well positioned to make the transition to mobile payments — with a little help from retailers, banks, payment networks and retailers, according to a new report from global consultancy Kurt Salmon.

Walmart this week launched a new “click and collect” grocery concept in Bentonville, Ark. Hometown media outlet City Wire was on hand for the grand opening and evaluated the service by ordering a few items. Click here to read the report.
 

 

Minneapolis -- Christopher & Banks announced the Oct. 6 grand opening of 37 stores that reflect the company’s updated retail strategy of bringing its plus-sized CJ Banks brand under the Christopher & Banks banner. The stores combine missy, petite and women's sizes in one shopping location.  

Scandit, a developer of software-based barcode scanning technology for smartphones, tablets and wearable devices, has released an integrated suite of mobile apps that aims to enhance the consumer shopping experience and retail operations.

Scandit’s Mobile App Suite for Retail provides a series of fully customizable, cross-platform mobile applications for retail employees and customers including: Clienteling, Mobile Point of Sale (mPOS), Mobile Shopping (mShopping), Self-Checkout, Shopping Lists and Procurement.
 

Hoffman Estates, Ill. – Sears Holdings Corp. is selling most of its 51% stake in its Sears Canada division to shareholders as its looks to boost its liquidity before the crucial holiday selling season. Sears, which previously said it was exploring options for the struggling Sears Canada unit and retained Bank of America Merrill Lynch in May 2014, expects to raise as much as $380 million by November 2014. 

Dublin, Calif. - Ross Dress for Less will open two new stores in North Florida on Oct. 11. The stores are located in the Lakeland Park Center in Lakeland and Forest Lakes Plaza in Oldsmar.  

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.