Sales & Marketing

Emeryville, Calif. - Jamba, Inc. has entered into an asset purchase agreement with Vitaligent LLC to refranchise 100 company-owned restaurants in the San Francisco, Sacramento and San Diego markets. Under the terms of the agreement, Jamba will receive a purchase price of $36.0 million in cash.

Rite Aid's pharmacy and front-end divisions helped the retailer post a 4.3% gain in same store sales for March. 

Baltimore - Retail was the largest vertical on the Millennial Media mobile advertising platform in 2014, followed by telecommunications and entertainment. According to the Millennial Media Scorecard for Mobile Advertising Reach and Targeting (S.M.A.R.T.) report, retail saw 49% year-over-year growth on the Millennial Media platform in 2014.

Big Lots is giving consumers a new budget-friendly option when it comes to baby supplies.

Big Lots has launched a new line called b*loved, which the company says gives customers premium brand baby products with everything moms and dads need to keep babies clean, comfortable and dry, at an affordable price.

Customers looking for a great value on products ranging from diapers and wipes to baby wash and shampoo can shop Big Lots first with b*loved.

Fort Worth, Texas - General Wireless Inc., an affiliate of Standard General LP, has officially received U.S. Bankruptcy Court approval to acquire the inventory and assume leases of 1,743 RadioShack stores following a bankruptcy auction. The company operates a long-term partnership with Sprint, and Sprint will provide services, products and accessories at some stores.

The stores will feature emerging technologies, as well as the traditional accessories and DIY for which RadioShack is known. Approximately 1,440 stores will be co-branded with Sprint.

Liquidation leaders in merger deal Retailers looking to realize maximum value when they close stores or liquidated inventory have a new ally following the merger of two industry leaders.

Gordon Brothers Group and AccuVal-LiquiTec announced that Gordon Brothers Group’s Valuation & Advisory Services Division and AccuVal-LiquiTec have entered into a merger to form Gordon Brothers-AccuVal.

The newly formed group will operate as a wholly owned subsidiary of Gordon Brothers Group, already one the world’s leading disposition and appraisal firms.

Belk Inc. has hired Goldman Sachs to explore its strategic options, including the possibility of a sale that could value the family owned department store chain at as much as $4 billion, Reuters reports.

In response to the Reuters report, Belk issued a response saying that it had hired Goldman Sachs to help it explore all options for its future. Belk added that it expects to conclude its analysis in the next several months.

Belk operates about 300 stores in 16 Southern states.