News

PLANO, Texas — As the Lay's Stax brand prepares to mark its 10th anniversary, it is teaming up with the National Football League for its first-ever football-themed promotion. 

Lay’s Stax will host a Game Day Click-Off sweepstakes on its Facebook page, where fans of Thursday Night Football and Lay's Stax crisps will have the chance to engage with the brand, share their love of football and win prizes, including a chance to win tickets to Super Bowl XLVIII in New York/New Jersey.

Walmart has announced plans to launch a smartphone trade-in program on the same day Apple announced the iPhone 5s, featuring an all-new A7 chip and a 64-bit desktop-class architecture for fast performance, as well as the iPhone 5c, which builds on the iPhone 5 and comes in five different colors. 

Restoration Hardware plans to open full line design galleries in Greenwich, Atlanta and Los Angeles in 2014, and is currently in negotiations to open more than 30 locations in other key markets. The next generation full line design galleries will be larger and showcase the company’s assortment and new businesses.

Philadelphia -- Five Below saw net income surge to $4.1 million for the quarter ended August 3, up from $1.2 million in the year-ago period. Sales climbed 34.9% to $117.1 million from $86.8 million, and same-store sales increased 6.6%. The company had, by the quarter’s end, opened 32 of its previously announced 60 new stores on tap for 2013.

Milford, Conn. – Subway is entering a cross-platform advertising partnership with NBCUniversal for its new interactive game show “Million Second Quiz.” In addition to providing gift cards to contestants during the course of the show, Subway will offer photo opportunities and social media engagements.

Other aspects of the joint campaign will include messaging on Facebook and Twitter, a prize of a year’s worth of foot-long subs via an NBC radio promotion, and a Subway presence in the live stream both online and in the MSQ App.

Pennsylvania Real Estate Investment Trust is repositioning its Moorestown Mall in suburban Moorestown, N.J., by bringing in tenants associated with urban life.

For instance, a number of new tenants include independent chef-owned restaurants like those found in urban edge neighborhoods.

The goal is to reposition the suburban mall with an urban environment.

WinCo Foods has agreed to develop an 85,000-sq.-ft. modern grocery store at Old Orchard Village East in Lewisville, Texas.

WinCo Foods, founded in Idaho in 1967, is an employee-owned discount grocery that operates 87 stores and plans to expand into Dallas-Fort Worth metro region with 15 new stores over the next several years.

The deal will take the Old Orchard Village East center from 60% leased to 100% leased and make it possible to carry out a $20 million transformational redevelopment.

Warrendale, Pa. – Two independent proxy voting advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co., have both recommended that rue21 shareholders vote for a proposed acquisition by Apax Partners. As previously announced on May 23, 2013, rue21 entered into a definitive agreement under which funds advised by Apax Partners will acquire all outstanding shares of rue21 for $42 per share in cash.

Washington, D.C. - Import volume at the nation’s major retail container ports is expected to grow 5.1% in September over the same month last year as retailers head into the holiday season. U.S. ports followed by the monthly Global Port Tracker report, released today by the National Retail Federation and Hackett Associates, handled 1.43 million Twenty-Foot Equivalent Units (TEUs) in July, the latest month for which after-the-fact numbers are available.

Dallas – Neiman Marcus is reportedly closing in on a deal to be purchased by Ares Management and the Canada Pension Plan Investment Board for $6 billion.