News

CVS partners with La., Kan. health care providers
Patients in Kansas and Louisiana will be able to get help with medication counseling, chronic disease monitoring and wellness programs at CVS Health pharmacies and MinuteClinics under a new agreement.
GameStop hosts omnichannel preview for ‘Evolve’
Grapevine, Texas - GameStop will be hosting “Monster Mondays,” a trio of exclusive weekly videos from the perspective of each monster within the video game “Evolve,” creating a platform for fans to share and discuss offensive and defensive strategies. These videos began airing on Jan. 26, and will continue on Feb. 2 and Feb. 9 in anticipation of the game’s release Feb. 10.

U.K. online retailer boosts sales with Treepodia’s YouTube curation

London – If a picture is worth 1,000 words, then perhaps a video is worth 1,000 sales. U.K. electric appliance retailer ElectricShopping.com has increased unit sales by 37% using Treepodia’s new YouTube Fetcher service.
For Retailers, Payments Trump Omnichannel

By Amy ter Haar
Rite Aid to build $600M distribution center

Rite Aid Corp. announced plans to build its first new distribution center in 15 years, a 900,000-sq.-ft. facility in Spartanburg, South Carolina.

The new, $90 million center, set to open in 2016, will employ nearly 600 people after it becomes fully operational and will support the inventory and fulfillment needs of approximately 1,000 Rite Aid stores in the southeastern United States.
Walmart, Sears top study of most popular store sites on Facebook

San Mateo, Calif. -- A pair of veteran retailers were among the most popular store sites on Facebook during the 2014 holiday season. Sears was the most popular U.S. department store, while Walmart.com was the most popular mass merchant store site, according to a study by Searchmetrics.

The Searchmetrics study analyzed the number of weekly Facebook likes, comments and shares for pages from the websites of nine top US department stores and three mass merchant stores during November and December 2014.
Registration opens for Sweets & Snacks Expo

It's time once again for confectionery and snack retailers, as well as manufacturers to come together for the Sweets & Snacks Expo, which is scheduled to be held May 19 through May 21 at Chicago's McCormick Place.
HSN enters new $1.25 credit facility, will repurchase 4 million shares

St. Petersburg, Fla. - HSN Inc. (HSNi) has entered into a new $1.25 billion five-year credit facility, replacing its existing $600 million credit facility. In addition, in continuation of the company's capital return plan, the board of directors declared a special cash dividend of $10 per share, representing approximately $525 million.
BCBGMaxazria Group enhances in-store shopping experience with Demandware

New York -- BCBGMaxazria Group has expanded its relationship with Demandware to advance its omnichannel commerce strategy. The retailer launched the Demandware Digital Store Solution in nearly 180 BCBGMAXAZRIA U.S. stores in just three months to equip store associates with the solution in time for the holiday shopping season.
Yahoo to spin off Alibaba stake, reports flat Q4 results

Sunnyvale, Calif. – Yahoo Inc. plans a tax-free spin-off of its remaining holdings in Alibaba Group. The spinoff will create an independent registered investment company called SpinCo.

Stock of the new company will be distributed pro rata to Yahoo shareholders, resulting in SpinCo becoming a separate publicly traded company. Following the spin-off, Yahoo will continue to operate its core business and hold its 35.5% interest in Yahoo Japan.