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Retail

  • New app delivers instant mobile e-gift cards

    Laguna Beach, Calif. – The new Wonder e-gift card app from Wonder Technologies Inc. is available free in the iTunes App store. Wonder allows consumers to instantly deliver e-gifts from participating retailers to anyone with an email address or mobile phone number.

  • Lowe’s to hire 25,000 seasonal employees

    Mooresville, N.C. -- Lowe's plans to hire approximately 25,000 seasonal employees at its stores in the U.S. during spring, its busiest season. Seasonal jobs available are focused on customer support and include cashiers, lawn and garden employees, loaders, and stockers.

  • Nordstrom Rack to open in Reno, Nev.

    Seattle -- Nordstrom announced plans to open a Nordstrom Rack at Redfield Promenade in Reno, Nev.

    The store is scheduled to open in spring 2015. Redfield Promenade is owned and operated by Kimco Realty Corp.
     
    "We're thrilled to bring a Nordstrom Rack to the Reno community," said Geevy Thomas, president of Nordstrom Rack. "This central retail location at Redfield Promenade is a good fit for us and we look forward to offering customers access to fashion at great prices when we open our doors next year."

  • Jos. A. Bank issues tender offer for $300 million in stock

    Hampstead, Md. - JoS. A. Bank Clothiers, Inc. has commenced a tender offer to purchase up to $300 million in value of shares of its common stock at a price of $65 per share. The closing price of the company's common stock on Feb. 18, 2014 was $54.20 per share.

  • Costco in U.K. teams up with Hertz in van share

    The Hertz Corp. and Costco in the U.K. have teamed up to bring short-term Hertz 24/7 van rental to Costco's members.

    The self-drive service operates at all 25 Costco warehouses in the U.K. Costco's members can hire a van from the warehouse car parks to drive their purchased items home immediately.

  • Kirkland's senior VP of logistics to depart

    Nashville, Tenn. -- Kirkland's announced  that Todd Weier, senior VP of logistics, plans to leave the company.

    "I believe that it is the right time for my departure and that my mission in the company has been largely accomplished," said Todd Weier. "I am proud of our team's many achievements over the years and the logistics infrastructure we've established."

  • Eminence Capital criticizes Jos. A. Bank for Eddie Bauer purchase

    New York - Eminence Capital, LLC, which owns 4.9% of the common stock of Jos. A. Bank Clothiers, has sent a letter to the board of directors criticizing their announced acquisition of Eddie Bauer. According to the letter, signed by Eminence CEO Ricky Sandler, the nearly $900 million acquisition is a poor decision that has an excessive price which almost surely destroys shareholder value.

  • Lowe’s gears up for its busiest season

    A week after rival Home Depot announced plans to 80,000 seasonal spring employees, Lowe’s announced its plans to hire approximately 25,000 seasonal employees at its U.S. stores for the busy spring season.

    Seasonal jobs available are focused on customer support and include cashiers, lawn and garden employees, loaders and stockers.

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