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Retail

  • Rakuten accelerates digital strategy with Viber acquisition

    Rakuten has acquired Viber, a pioneering messaging and VoIP company, for $900 million.

    Viber has a global user base of 300 million registered users. The acquisition will enable Rakuten to penetrate new markets with multiple digital content offerings, in combination with its e-commerce and financial services platforms.

  • Jos. A. Bank to acquire Eddie Bauer for $850 million

    Hampstead, Md. — Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $825 million. The deal is the latest chapter in Jos A. Bank’s ongoing takeover battle with Men’s Wearhouse. Last fall, Jos. B. Bank tried and failed to buy rival Men’s Wearhouse for $2.3 billion. Men’s Wearhouse then began pursuing Jos. A. Bank.

  • Sobey’s to sell 30 Canadian stores for $391 million

    Stellarton, Canada — Sobey’s Inc. has entered binding purchase and sale agreements with Overwaitea Food Group and Federated Co-operatives Limited that will see Sobeys sell 22 of the 23 stores it is required to divest as part of its consent agreement with the Competition Bureau related to its purchase of Canada Safeway.

     In addition, Sobeys has signed a binding letter of intent with Federated for the sale of its Price Chopper location in Winnipeg, which the company is also required to divest as part of its October consent agreement.

  • Mars Advertising propels growth with promotions and new hires

    Mars Advertising has made changes to its team of shopper marketing experts in an effort to capitalize on a year during which the company expanded its portfolio of high profile clients and reported “solid” growth.

  • GNC has strong Q4; will enter Russia

    Pittsburgh — GNC Holdings Inc. reported positive financial performance during the fourth quarter and fiscal year 2013. For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.

    In addition, the chain reported consolidated revenue of $613.7 million for the quarter, an increase of 8.6% from $565 million from the year-ago period. Same-store sales increased 5% in domestic corporate stores and 3.3% in domestic franchise stores.

  • GNC focuses on expansion following Q4 results

    Despite a challenging retail environment, GNC performed well during the fourth quarter and fiscal year 2013, generating what chairman, president and CEO Joe Fortunato described as solid top and bottom line growth.

    For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.

  • Davaco Canada relocates office

    Dallas — Davaco, a provider of high-volume programs and implementation services for global brands, announced that the company’s Canadian offices have relocated to a new space in Woodbridge, Ontario.

    Effective immediately, Davaco Canada will operate its divisional office at 100 Marycroft Avenue, Unit # 4, Woodbridge, Ontario, L4L 5Y5.

    According to founder/CEO Rick Davis, DAVACO’s new office space provides enhancements that further support its clients’ brand initiatives in Canada.

  • Container Store marks Valentine’s Day with employee fund launch

    The Container Store is marking Valentine’s Day with the launch of its Employee First Fund — an employee assistance fund that will provide grants to employees experiencing unforeseen emergencies, a major medical situation, a catastrophic event or other challenges in life that they are not financially prepared to handle.

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