News

New York – G-III Apparel Group is reportedly no longer considering a purchase of Jones Group. According to Women’s Wear Daily, G-III, which in October 2013 was said to be close to reaching a deal to buy Jones Group, decided purchasing the apparel retail conglomerate would require taking on too much debt.

Record downloads of its app and North American revenue growth have Groupon feeling good about mobile initiatives and its ongoing evolution from a provider of daily deals via email to a full bore e-commerce marketplace.

Deerfield, Ill. – Walgreen Co. has completed its acquisition of certain assets of Kerr Drug’s retail drugstores and specialty pharmacy business. Financial terms of the agreement were not disclosed.

Looking to tap into the loyalty of NASCAR fans, Sherwin-Williams has deepened an existing relationship with the racing organization to become the official automotive paint of NASCAR.

Sherwin-Williams is already the official paint of NASCAR and the automotive designation takes effect January 1.

Acton, Mass. – Regional specialty gift retailer The Paper Store is leveraging the Epicor Retail SaaS solution, a hosted enterprise software suite that includes Epicor Retail Store, CRM, Merchandising, Sales Audit, and Loss Prevention applications.

Santa may need to send his suit to the dry cleaners next week after Belk gets a jump on Christmas by hosting an event called Santafest on Saturday, November 16.

The Charlotte, N.C.-based department store chain operates 301 stores in 16 southern states, more than half of which are located in Florida, Georgia and the Carolinas. It can be quite warm and humid in the Southeast well into November with hurricane season not officially ending until November 30.

San Bruno, Calif. -- Walmart announced today the two grand prize winners of its Get on the Shelf contest, Elvis Presley Home Bedding Collection and SKRIBS Customizable Wristbands. As grand prize winners, both products will be sold on Walmart.com and receive additional online marketing support. They will also be introduced to the Walmart Stores’ Merchandising team for store shelf consideration.

Greg Saputo has spent a career in retail loss prevention and in the latest installment of the National Retail Federation’s video series, “This Is Retail,” he reflects on the first time he caught a shoplifter.