News

Top 10 Stories of the Year: Mid-Year Update
Having passed the calendar’s mid-point, we thought it would be interesting to take a look at the top 10 most-viewed stories of the year (to date) on Chainstoreage.com.

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Three Ways Pinterest ‘Pins’ Illustrate Omnichannel Disruption
Pinterest is rolling out its “Buyable Pins” feature, which allow consumers to purchase items directly from Pinterest visual displays, to users of its iPhone and iPad apps. This gives retailers a new avenue to engage digital consumers, while e-commerce platforms like Amazon, eBay, Google and even Wal-Mart Marketplace have a new competitor.

Merger costs take toll on Family Dollar Q3 profits

Matthews, N.C. – The pending merger with Dollar Tree Inc. took a toll on Family Dollar’s profits in the third quarter.

Expenses related to the merger drove Family Dollar’s net income down 1.5% to $79.9 million from $81.1 million the year-ago period, below Wall Street expectations.
Dover Saddlery jumps into merger

Littleton, Mass. – Specialty equestrian retailer Dover Saddlery Inc. is jumping into a new business arrangement.

Dover Saddlery has completed its merger with a company formed by Webster Capital. Dover shareholders will receive $8.50 per share in cash in the merger, and all in-the-money stock options and warrants will be cashed out.
PayPal is in the money with new acquisition

San Jose, Calif. – PayPal Inc. is getting itself “in the money” with a major acquisition as the company prepares for its impending July 17 split from eBay Inc.

PayPal will purchase digital money transfer service Xoom Corp. for $25 per share in cash, or about $890 million.
Tech Guest Viewpoint: Providing a seamless customer experience

It is no secret that the retail landscape has – and is – rapidly evolving, in large part due to the explosive growth of mobile. While it is certainly common now for retailers to have an online presence, that doesn’t necessarily mean they’re all catering to the complex needs of today’s shoppers.
Lidl goes a long way in North Carolina

German grocer Lidl has made its entry into the U.S. market official by selecting a regional headquarters and distribution hub in the South.
Best Buy gets techie with Samsung

Best Buy is putting a spotlight on the way technology is impacting home appliances.
P&G veteran joins QVC finance team

QVC has named a Procter & Gamble veteran as its next business planning and analysis chief, as the company looks tomaximize efficiencies and organizational synergy.
P&G veteran joins QVC finance team

QVC has named a Procter & Gamble veteran as its next business planning and analysis chief, as the company looks to maximize efficiencies and organizational synergy.
Sears Hometown and Outlets has a new CEO

Sears Hometown and Outlet Stores has promoted its chief operating officer to CEO.

The board of directors has elected William (Will) A. Powell as the company’s chief executive officer and resident, effective immediately. Powell succeeds W. Bruce Johnson, who as previously announced is stepping down.
Costs hinder earnings at Family Dollar

Family Dollar had a dip in profit in the third quarter as the company reported higher costs ahead of its planned merger with Dollar Tree.

Family Dollar Stores Inc. reported a profit of $79.9 million, or 70 cents a share, for the third quarter ended May 30, down from $81.1 million, or 71 cents a share, a year earlier. Excluding restructuring- and merger-related charges, the company’s profit was 74 cents a share, compared with 85 cents a year earlier. Net sales rose 2.60% to $2.73 billion.