News

Save Mart looks to improve pricing
Western grocer Save Mart Supermarkets plans to increase its shopper relevance by implementing new technology that ensures the operator of 221 stores prices more strategically, consistently and competitively.
Safeway to pay $9.87 million for environmental violations
New York -- Safeway has agreed to pay $9.87 million in penalties as part of a settlement of a civil environmental lawsuit.

The settlement stems from allegations that more than 500 Safeway stores and distribution centers throughout California improperly handled and disposed of various hazardous wastes and materials, ranging from pharmaceuticals and over-the-counter medications to batteries and electronic devices, over a period of seven and a half years.

Coach to acquire Stuart Weitzman for $574M

Department stores could be in for a fresh approach from Coach, following its announcement that it will acquire upscale footwear brand Stuart Weitzman.

Coach will make initial cash payments of approximately $530 million to Sycamore Partners, and, in addition, will pay the firm up to another to $44 million in contingent payments upon hitting “selected revenue targets” over the next three years.
Coach in $574 million deal to buy luxury shoe brand Stuart Weitzman

New York -- In a deal that will greatly expand its luxury reach, Coach Inc. will acquire upscale footwear brand Stuart Weitzman Holdings from private equity firm Sycamore Partners. Coach will make initial cash payments of approximately $530 million to Sycamore Partners, and, in addition, will pay the firm up to another to $44 million in contingent payments upon hitting “selected revenue targets” over the next three years.
Staples offers ‘ambient alerts’ on Staples Connect

Framingham, Mass. – Staples is offering ambient alerts for its home and office automation platform Staples Connect. The alerts provide audio and visual notifications outside of the Staples Connect app and through compatible devices in the home or office.
Report: Former Pathmark CEO dies at 85

Leonard Lieberman, former chairman and CEO of Supermarkets General, which owns Pathmark, died at his home in Hoboken, N.J., on Jan. 2, according to an obituary on NJ.com. He was 85.

According to the obituary, his wife, Arlene, said the cause of death was heart failure.
Brooks Brothers arranges $250 million TD Bank credit facility

New York – Brooks Brothers Group Inc. has selected the Asset Based Lending (ABL) Group of TD Bank as the joint lead arranger in a $250 million credit facility. The amount of TD’s commitment and terms of the financing were not disclosed.
Sam’s Club continues its version of Affordable Care Act

While Obamacare remains a contentious issue, Sam’s Club has quietly administered free health tests to nearly one million people and plans to continue its ambitious screening program in 2015.

The first of the monthly screening events takes place Jan. 10 from 11 a.m. to 3 p.m. at Sam’s Club 598 locations that contain a pharmacy. Ten screening events are planned for the remainder of the year and held on the second Saturday of each month.
Report: C. Wonder closing all stores

New York -- The specialty apparel and home goods chain C. Wonder is shuttering its remaining stores, according to Buzzfeed. The company, founded in 2011 by Christopher Burch, ex-husband of Tory Burch, quietly closed a number of its 32 stores in November. It is now closing its remaining locations, 11 in total, the report said.
Organic grocer sees 'green' in December

Online warehouse club operator Green Polka Dot Box has a quirky name, but shoppers don’t seem to mind as the natural foods retailer’s December sales increased 65 percent.

"Based on early sales results, we anticipate that customer growth in this first month of the year will increase from the current level of approximately 4,200 to more than 6,000," said Rod Smith, CEO of the company. "And that we will see corresponding increases in monthly sales in January.”