Mass Merchant

There was good news for retailers in the International Council of Shopping Centers’ annual BTS (Back-to-School) Consumer Spending Survey.

New York -- There was good news for retailers in the International Council of Shopping Centers’ annual BTS (Back-to-School) Consumer Spending Survey.

The survey revealed that the share of consumers expecting to spend more this year increased significantly year-over-year to 67%, compared to 50% of shoppers in 2014 and 39% who expected to increase spending in 2013.

New York -- Wal-Mart Stores is the subject of a lawsuit accusing it of wrongly denying employee benefits for same-sex spouses, Reuters reported. The lawsuit seeks nationwide class-action status.

Minneapolis – One way Target is trying to make shopping for school supplies hassle-free is with the School List Assist online hub. Currently in beta, School List Assist offers a curated assortment of the most common K-8 supplies on the list. Parents can purchase the school supplies their kids need and then pick them up in store or have them shipped to their homes.

Target Corp. is looking to make getting ready for back to school quick and easy for families this autumn with an innovative new way to shop for school supplies.

The retailer is launching a service called School List Assist. The online hub will offer a curated assortment of the most common K-8 supplies on the list and a convenient new way for guests to find what they need. Parents can purchase the school supplies their kids need and then pick them up in store or have them shipped to their homes.

Seattle -- Amazon has released an early preview of some of the deals that will be offered on July 15, as part of its first-ever Prime Day anniversary extravaganza. The promotion, which Amazon claims will be bigger than Black Friday, has caused Walmart to offer its own super-sale online on Wednesday.

Menomonee Falls, Wis. - Kohl’s Corp. has increased the maximum amount of a previously announced cash tender offer for several debt notes coming due between 2017 and 2033 from $60 million to about $737.04 million. The new tender offer is subject to the same terms and conditions made in an original offer to purchase dated June 29, 2015.

Settlement of notes that have been tendered and accepted for purchase by Kohl’s is expected to take place July 17, 2015. The tender offer expires July 27, 2015.
 

With Amazon.com’s share price approaching $500 on the heels of a highly publicized 20th anniversary promotional event, the struggling Books-A-Million chain announced a deal to go private for a paltry sum.

The Books-A-Million chain was always a distant competitor to the likes of Barnes & Noble and even the now defunct Borders chain. Then along came Amazon.com and Books-A-Million grew more irrelevant. As its sales and profits declined so did its growth prospects in the eyes of investors and its stock price.