News

Mobile commerce leader Shopgate has unveiled a new flexible pricing model that enables online merchants to set their own pricing for Shopgate's m-commerce solutions. 

The new pricing allows e-commerce stores to customize their minimum contract period, fees and mobile integration to conveniently enter a rapidly growing mobile shopping market.

New York -- The parent company of Bi-Lo and Winn-Dixie supermarkets, Southeaster Grocers, has filed for an initial public offering.  

The shares are expected to be offered by Southeastern Grocers, and the number of shares to be offered and the price range for the offering have not yet been determined.

J.C. Penney is looking to raise $750 million to $1 billion in cash equity. According to Reuters, J.C. Penney, which is valued at $2.6 billion, is considering issuing new stock shares as well as other unspecified alternatives.

eBay is in the process of acquiring Braintree, an innovative global payment platform powering online and mobile-first startups, for approximately $800 million in cash.

New York -- Governor Jerry Brown of California on Wednesday signed a bill approving a $2 hike in the state’s minimum wage, with the increase to be rolled out during the next three years. The increase will make California's minimum wage the highest in the country.

The wage increase will go into effect in two separate $1 increments, going from the current minimum of $8 to $9 on July 1, 2014, and then to $10, on January 1, 2016.

Seattle – Starbucks Corporation has reportedly applied to trademark the term “Fizzio.” According to the Associated Press, the trademark would cover beverage-making machines as well as beverages, including soft drinks.

A Starbucks spokesperson is quoted as saying the filing with the U.S. Patent and Trademark Office is related to tests of flavored sodas and other carbonated beverages in the Austin, Texas, and Atlanta markets the retailer has been running since June, which so far have been successful.

El Segundo, Calif. -- The fast-growing fashion subscription online retailer, JustFab, announced it has secured $40 million in Series C funding led by Hong Kong-based Shining Capital Management to further its expansion plans. The company recently opened its first store, at the Glendale Galleria, Glendale, Calif.

Former president of Giant-Landover, Anthony Hucker, has joined Schnuck Markets as EVP and chief strategy officer.

Hucker recently resigned as president of Giant-Landover, a chain owned by Ahold USA that runs 169 stores in the District of Columbia and surrounding areas.

"Anthony is a tremendous talent who shares our values; he's customer-focused and a true merchant in every sense," Schnucks chairman and CEO Scott Schnuck said. "We expect that he will add velocity to efforts that will ensure Schnucks' continued growth and success."