News

Fort Worth, Texas - RadioShack Corp. announced that it received a continued listing standards notice from the New York Stock Exchange (NYSE) on Jan. 15. The retailer received the notice because its average market capitalization was less than $50 million during a period of 30 consecutive trading days and stockholders' equity of the company was below $50 million.

Framingham, Mass. – To celebrate the two-year anniversary of its SmartPay Check-Link mobile and card payment program, convenience chain Cumberland Farms is launching a promotion on its Facebook page Jan. 23-25. To enter, customers must calculate their projected 2015 coffee savings using Cumberland Farms' Coffee Savings Calculator, and post them as a comment on the Cumberland Farms page.

Twenty winners will be announced in the comments and will receive a $20 gift card to their local Cumberland Farms.
 

Irving, Texas – The underwriters of a public offering of 18.8 million shares of The Michaels Companies common stock have priced it at $23.52 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2.82 million shares of common stock.

The selling stockholders will receive all of the net proceeds from this offering. No shares are being sold by the company.
 

Salt Lake City – ReposiTrak,a leading provider of Compliance Management and Track & Trace solutions for food safety exclusively endorsed by FMI and ROFDA, said that W. Lee Flowers and Company, which operates or supplies 90 IGA / KJ’s Market and independent supermarkets in the Carolinas and Georgia, has chosen ReposiTrak to manage their food safety-related risk.



Canton, Mass. -- Athletic-shoe maker New Balance has teamed up with private-equity firm Berkshire Partners LLC to acquire The Rockport Company from the Adidas Group for $280 million.

Financial terms were not disclosed.

As part of the deal, New Balance affiliate Drydock Footwear LLC, whose brands include Cobb Hill, Aravon and Dunham, will join with The Rockport Co. to create The Rockport Group.

The Macy’s Bloomingdale division is pursuing a micro-seasonality promotion opportunity with an Asian-inspired marketing campaign.

The company announced that it will be ringing in the Year of the Ram this Chinese New Year with unique merchandise, special events and cultural presentations from Jan.22 – March 2.

Macy’s plans to quadruple the size of a central California distribution facility that has played a key role in the execution of the retailer’s omnichannel strategy.

The company plans to relocate its West Sacramento, Calif., direct-to-consumer fulfillment center to a larger facility in a nearby location in Sacramento County to support continued sales growth driven by Macy's omnichannel strategy.

Macy’s plans to quadruple the size of a central California distribution facility that has played a key role in the execution of the retailer’s omnichannel strategy.

The company plans to relocate its West Sacramento, Calif., direct-to-consumer fulfillment center to a larger facility in a nearby location in Sacramento County to support continued sales growth driven by Macy's omnichannel strategy.

Retailers factor in all kinds of variables when evaluating suppliers and a recent change at sauce and dressing manufacturer Litehouse gives sellers of food and consumables something new to think about.

The 50-year-old family owned Litehouse company based in Sandpoint, Idaho recently became 100% employee owned following the execution of an employee stock ownership plan. Litehouse first formed an ESOP plan in 2006 when it sold 30% of the company as a commitment to employees and their communities.

Target already has famous TV chef GIada De Laurentis selling her products on its shelves, but the retailer is teaming up with another celebrity foodie for a new product line.

The company said it is launching a Mario Batali coffee range. Caffé Italiano, a collection of Italian-style coffees, will sell at select Target stores nationwide and online at www.target.com. The coffee is a product of a unique collaboration between Batali and Todd Carmichael, founder and CEO of La Colombe, world-renowned specialty coffee roaster.