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Mass Merchant

  • Game over? Jos. A. Bank terminates proposal to acquire Men’s Wearhouse

    Following a heated back-and-forth between Jos. A. Bank and the Men’s Wearhouse, which culminated in an ultimatum, Jos. A. Bank Clothiers has terminated its acquisition proposal.

    As previously reported, Jos. A. Bank had advised the Men's Wearhouse board that it would terminate its all-cash proposal to purchase the company for $48 per share if the board failed to “engage in good faith negotiations” by Nov. 14. The day came and went and the companies continued in a deadlock.

  • Ecommerce sales sizzle as assortments expand

    Walmart said sales of its Global eCommerce business unit grew by 40% during the third quarter as it increased investments, expanded assortments and included results from a Chinese acquisition.

  • OfficeMax starts Black Friday on Thanksgiving

    Naperville, Ill. – OfficeMax is opening most stores at 8 p.m. local time on Thanksgiving night. OfficeMax.com will start offering online Black Friday deals at 12:01 a.m. EST Thanksgiving morning.

    The OfficeMax Black Friday shopping event will take place for three days from Thursday, Nov. 28 through Saturday, Nov. 30 in stores and at OfficeMax.com. OfficeMax.com will also host a special online-only, pre-Black Friday sales event at 9 p.m. EST Wednesday, Nov. 27.

  • Pinterest reaches out to retailers with API

    New York -- The hot social-sharing site Pinterest has released its first API for developers. It will help stores and brands display which of their items were most frequently and recently pinned. The first partners for the service include Zappos, Walmart, Disney, and Nestle, reflecting how the site is looking to increase revenue generation with advertising and cross-marketing. (An API, short for application programming interface, is code that allows developers to create apps that interface with a popular web service or other software.)

  • Big retailers early adopters of Pinterest’s API

    Red hot Pinterest is offering new functunality to third parties that will allow them to curate content and drive traffic to their sites, and major retailers such as Walmart, Target and Zappos are all over it.

  • Neighborhood Market sees strongest growth to date

    Walmart opened 32 of its small format Neighborhood Market stores during the third quarter and is on track to end the year with nearly 400 units enroute to bigger things in 2014.

    Walmart’s small format stores generated third quarter same store sales of approximately 3.4%, according to the company, which rivals best-in-class supermarket competitors, namely Kroger.

  • Lane Bryant opens five stores

    Columbus, Ohio – Lane Bryant has opened three new stores and reopened two stores as of Nov. 15. The three new stores are located in Gretna Crossing Outlets in Gretna, Neb., Spectrum Town Center in Chino, Calif., and Outlets of Mississippi in Pearl, Miss.

  • Report: Amazon has best price 80% of the time

    Ottawa, Canada – Amazon.com has the best price on products in its assortment about 80% of the time. However, the new “Amazon Holiday Pricing Insights” analysis from pricing technology provider 360pi shows that Amazon does have weak spots, and that retailers can compete with the online giant, especially if they can beat Amazon on other non-price purchase factors.

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