News

BERLIN, N.J. — A.C. Moore Arts & Crafts, which operates 135 stores along the U.S. East Coast, has announced a summer-long schedule of free "Make & Take" arts and crafts activities for children ages two to 12, through Aug. 31. All A.C. Moore stores (www.acmoore.com) will offer the free activities, from 3 p.m. to 5 p.m., each Wednesday, through the end of the summer.

The number of planned store closures at Talbot’s was bumped to 110 units recently when the company reported disappointing first-quarter results and indicated most of the underperforming units would close during the second half of the year.

NEW YORK — Phillips-Van Heusen announced that it has entered into a licensing agreement with Ram Pacific under which Ram Pacific will market and distribute apparel and accessories under PVH’s IZOD brand in Singapore, Indonesia, and Malaysia. The initial term of the license agreement runs through December 2015 and provides for a renewal at PVH’s option.

New York City -- A $15 billion share buyback program, unveiled earlier in June, will allow Wal-Mart Stores’ founder Sam Walton’s descendants to see their stake in the chain edge up above 50%.

After Walton died in 1992, family members retained a stake of around 38% from the mid-1990s to the mid-2000s. Starting in 2003, a series of big share buybacks began to push the family stake higher, to 43% in 2008 and now to 49%, according to the latest filings.

PHILADELPHIA — Sales and profit growth were hard to come by at Pep Boys during the first quarter, although the leading provider of automotive services and parts forged ahead with growth plans.

By Lindsey Lanzisero, [email protected] and Craig Rowley, [email protected]

CHICAGO and CAMBRIDGE, Mass. and SPRINGFIELD, Mass. and BOSTON — Through a partnership with Incentive Targeting and HaloEffect, Big Y Foods will become the first grocery retailer to offer Groupon deals digitally loaded to shoppers’ loyalty cards, the companies announced.

Austin, Texas -- Digby announced Tuesday that U.K. apparel retailer Republic has launched a mobile optimized website through Venda’s advanced mobile platform powered by Digby.

Through the platform, Republic is introducing mobile as a strategic channel that complements its e-commerce site and more than 110 retail stores across the United Kingdom. The mobile shopping experience will allow customers to search, browse and buy products in as little as 60 seconds from mobile devices such as iPhone/iPod Touch, BlackBerry and Android.