News

Mooresville, N.C. -- Lowe’s Home Improvement said Tuesday that its home improvement app is now available for Android devices.

The app can be downloaded at Google Play, Google's new online store for digital media. Customers now may shop directly from the free app; access their MyLowe’s account; locate stores and view how-to videos, inspirational galleries and product ratings.

Has anyone else noticed that more and more consumers seem to be “cross-shopping” than ever before? I’m talking about those people who shop both the high-end luxury retailers and the discount or even dollar stores. I recently read an article that indicated one-quarter of all Nordstrom shoppers also shop at the Dollar Store. And, I started to ask myself if this trend is here to stay.
 

MENOMONEE FALLS, Wis. — Kohl's has added athletic merchandise from Fila to its exclusive of Kohl's Care collection. Available now through the end of July, the collection offers chic and stylish athletic apparel, accessories and gifts which can be found in all 40 Wisconsin Kohl's stores and online at Kohls.com, with 100% of the net profit donated to support the fight against breast cancer, the company said.

CINCINNATI — Kroger announced that it has kicked off a sales event during May that will support the broad range of programs and services the United Service Organizations provides to service members, their families and veterans.

New York -- Barneys New York said that it has reached an agreement with its largest lender, Perry Capital and other lenders to significantly reduce the retailer’s debt and improve its capital structure. Under the arrangement, Perry Capital has become the majority owner of Barneys. Under a debt-for-equity swap with Perry Capital, as well as other lenders, Ron Burkle's Yucaipa Cos and current owner Istithmar World, the chain's long-term debt will fall to $50 million from $590 million. The deal makes Perry Capital the majority owner of Barneys.

PLEASANTON, Calif. and WASHINGTON — The Humane Society of the United States is praising Safeway's efforts to establish a gestation stall-free supply chain.

Safeway annnounced Monday that, due to concernes over animal welfare, it is working toward the goal of purchasing pork from producers that have made commitments to decreasing gestation stalls in their breeding facilities.

HOFFMAN ESTATES, Ill. — Sears has launched SearsLocalAd.com, an online service that provides customers with access to additional local deals beyond the weekly Sears print circular or Sears.com. The online shopping portal is dedicated to local customers, allowing them to shop smarter by previewing new local deals updated every week, and includes enhancements for Sears' Shop Your Way Rewards members.

Hingman, Mass. -- The Talbots Inc. said it has received a raised takeover offer of $214.6 million from private equity firm Sycamore Partners. The company also said it entered an exclusivity agreement with Sycamore, which will end on May 15.

Talbots said Sycamore had offered to pay $3.05 per share -- slightly higher than the $3.00 per share offer it made in December.

The board of retailer said it continues to evaluate strategic alternative.