News

LOS ANGELES — Sears is targeting young women with a new career-focused apparel line called Metaphor. The apparel collection, which is scheduled to hit stores in August, will include jackets, trousers, shirts and dresses at reasonable price points, according to the company. The line will be complemented by fashion footwear and jewelry.

Indianapolis -- Hat retailer Lids said Tuesday it has selected customer experience optimization company Maxymiser to conduct comprehensive website and mobile testing for Lids.com.

Dallas -- Grocery chain C&K Market Inc. said it has deployed Connected Payments from Retalix, rolling out the cloud-based, software-as-a-service payments system across its 61 Ray's Food Place, Ray's Shop Mart and C&K Market banners. The grocer also uses Retalix POS software across its enterprise.

BENTONVILLE, Ark. — Walmart has launched an effort to help diabetes patients save on their disease management products.

Emeryville, Calif. -- Coffee retailer Peet's Coffee & Tea said it is being taken private for approximately $977.6 million.
 
German conglomerate Joh. A. Benckiser – a minority stakeholder in an international coffee and tea company D.E. Master Blenders 1753 – will reportedly pay a premium $73.50 per share, putting the deal’s total value at nearly $1 billion.

GOODLETTSVILLE, Tenn. — Dollar General is showing its support for education with a new scholarship and education program for its 90,000 employees and their families.

Walmart added its sizable voice to the growing ranks of those opposed to a settlement regarding transaction fees charged by Visa and MasterCard.

Foothill Ranch, Calif. -- One day after releasing its CEO, teen retailer Wet Seal confirmed it is in talks with major shareholder Clinton Group regarding a potential sale of the company.

Wet Seal fired chief executive Susan McGalla on Monday, citing downward spiraling sales during her 11-month tenure. Clinton Group then ramped up its insistence that Wet Seal put itself up for sale.