News

ST. PETERSBURG, Fla. — Take a universal story, aim it toward a teen audience and have Kristen Stewart (of "Twilight" fame) as the star, and you have a recipe for a potential blockbuster. That is exactly what it is happening with "Snow White and the Huntsman," which also stars Oscar winner Charlize Theron, and HSN is getting in on the action by partnering with Universal Pictures to offer exclusive collections inspired by the film.

New York -- Dollar General Corp. will buy back about $300 million in shares from Buck Holdings L.P., the company's controlling shareholder.

The repurchase deal with Buck Holdings is part of the company's previously announced $500 million stock buyback program, Dollar General said in a filing with the U.S. Securities and Exchange Commission.

Waterloo, Ontario -- Descartes Systems Group announced that John Lewis Partnership has successfully deployed Descartes' Reservations and Route Planner solution to consolidate home deliveries for larger goods into one dynamic booking system.

By Seth Broman, [email protected]

Despite news of a slowly recovering economy, small businesses are still being overwhelmingly turned down for bank loans. Tight credit restrictions and high loan eligibility requirements are leaving retailers with a lack of access to credit, stunting their ability to prosper and contribute to economic growth.

DALLAS — Former Sears chief marketing officer, Monica Woo, has joined Mozido, a leading global provider of low-cost, multi-channel financial services platform for mobile network operators, financial institutions, consumer packaged goods corporations and retailers, as EVP, global chief marketing and strategy officer. 

In this capacity, Woo will be responsible for Mozido's overall brand strategy, communications, and customer experience across channels, as well as key business-building initiatives.

BOSTON — Retailers that use tablets and other mobile devices in place of cash registers are perceived as being more innovative by mobile shoppers than those that do not, according to the latest AisleBuyer survey.

Stamford, Conn. -- GE Capital Retail Bank has announced a multi-year renewal to continue providing financing for customers of Discount Tire, the nation’s leading independent tire retailer. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers and dealers to help grow their customer sales, will continue to manage the Discount Tire relationship and service the account.

San Francisco -- McKesson on Monday announced that it has completed the previously announced acquisition of the independent banner and franchise businesses of Katz Group Canada in an all-cash transaction that closed March 25.