News

New York -- Kroger is expanding into new markets and growing its presence in the e-commerce channel with its acquisition of Vitacost.com, a leading online retailer of vitamins and supplements. 

According to the definitive merger agreement, Kroger will purchase all outstanding shares of Vitacost.com for $8 per share in cash, or approximately $280 million.

Tyson reached an agreement to acquire Hillshire Brands in deal valued at $8.55 billion that includes Tyson paying a $163 termination fee to Pinnacle Foods, a company Hillshire was in the process of acquiring.

Tyson said it will pay $63 a share for Hillshire in an all cash deal that makes the world’s largest protein producer an even more dominant player on the global food stage.

Salt Lake City – Overstock.com now offers free Club O loyalty program memberships to active police officers, full-time firefighters, paramedics and certified emergency medical technicians. Those who qualify for the program can enroll by visiting the first-responders sign-up section on Overstock.

First responders can have their identity verified through the ID.me digital authentication service and relayed to Overstock to receive their free Club O membership. Once individuals sign up, they enter a user name and password to receive benefits.

Minneapolis – The Securities and Exchange Commission (SEC) is reportedly investigating whether Target Corp. adequately protected its data and informed shareholders about the possible consequences relating to its fall 2013 data breach, according to Bloomberg. The report said that Target is one of several public companies that suffered a data breach which is being investigated by the SEC.

The International Licensing Industry Merchandisers’ Association has a new chairman and four new board members.

Ohio State University assistant vp for business advancement Rick Van Brimmer was elected chairman of the trade group, filling a position that was held the past two year by Maura Regan with Sesame Workshop. Other key moves saw LIMA board member James Slifer with The Joester Loria Group named vice chairman and Pete Yoder of Cartoon Network elected to the executive committee as a liaison to the board.

By Corey Gale, Director of Marketing – Retail and E-commerce, North America, Micros

While on summer vacation, nearby location trumps brands for many types of consumer purchases, and mobile devices will be the dominant form of search. A new study conducted by location marketing automation provider Placeable shows that proximity is apparently so important that only 1% of vacationers consider reviews when looking to replace a forgotten item.

Austin, Texas -- Magento, an eBay Enterprise company, has named Bigcommerce, a commerce platform for successful and emerging merchants, as its preferred migration provider for ProStores and Magento Go when the two products are discontinued on February 1, 2015.

Bigcommerce and Magento are committed to the future success of ProStores and Magento Go retailers. Magento is offering migration options that best suit the needs of each client, including migration to its Community and Enterprise Editions, and special migration offers to Bigcommerce.