Retail

Integer: 35 Percent of Shoppers Make Purchases on Mobile Devices

Affluent Shoppers Going Mobile, Says Unity Marketing

DENVER-In two years, the percentage of shoppers who make purchases on mobile devices has risen from 25 percent to 35 percent, according to a new study by The Integer Group and M/A/R/C Research. The use of mobile has also accelerated purchases, according to the study. Fifteen percent of shoppers said only “a couple of minutes”More »

Last updated: October 6, 2014

Sur La Table Tabs Neal as CEO

Diane Neal

SEATTLE-Diane Neal has been named CEO of Sur La Table, succeeding Jack Schwefel, who has left the company. Prior to this appointment, Neal served as president and CEO of Bath & Body Works. Her 30-year career includes executive positions for a number of consumer brands. She also serves on the boards of directors at otherMore »

Last updated: October 3, 2014

Sears Puts Sears Canada Shares Up for Sale

Sears-Holding-Corp_sign

HOFFMAN ESTATES, Ill.-Sears Holdings is putting 40 million of its shares in Sears Canada up for sale, in a move expected to generate up to $380 million, according to separate statements from the U.S. retailer. The shares will be offered for C$10.60 a share (slightly less than $9.50), the closing price for Sears Canada stockMore »

Last updated: October 2, 2014

Wayfair Prices IPO at $29 Per Share

Wayfair.com

BOSTON-Wayfair has priced its initial public offering of 11 million shares of class A common stock at $29 per share. The online home furnishings retailer announced its IPO in August, and the shares are expected to begin trading today on the New York Stock Exchange, under the symbol “W.” Wayfair is offering 10.5 million sharesMore »

Last updated: October 2, 2014

Dollar General Extends Deadline for Family Dollar Offer

Dollar General

GOODLETTSVILLE, Tenn.-Dollar General has moved the deadline for its $80-per-share offer for Family Dollar to 5 p.m. EST, on Oct. 31. The offer was originally set to expire on Oct. 8 at 5 p.m. EST. As of Sept. 30, 5 p.m. EST, 126,499 of the approximately 114 million outstanding Family Dollar shares (as of theMore »

Last updated: October 2, 2014

Williams-Sonoma to Reopen at Original Store Site

Chuck Williams

SAN FRANCISCO-On Oct. 4, Williams-Sonoma will reopen a retail location and cooking school in Sonoma, Calif., at the same location where its first store opened almost 60 years ago. The store reopening coincides with the birthday of Williams-Sonoma founder Chuck Williams, who just celebrated his 99th birthday. Williams purchased a hardware store in Sonoma in 1956More »

Last updated: October 3, 2014

Consumer Confidence Falls in September

Conference Board

NEW YORK-After four straight months of gains, the consumer confidence index dived 7.4 points in September, according to The Conference Board, which compiles the monthly indicator. The index’s September reading was 86.0, down from 93.4 in August. The expectations index and present situations index, the two component indexes for the overall number, both dropped asMore »

Last updated: October 1, 2014

Mattress Firm Closes Purchase of Back to Bed, M World Mattress, MCStores and TBE Orlando

Mattress Firm

HOUSTON-Mattress Firm has completed the acquisition of the mattress specialty retail assets of Back to Bed Inc., M World Mattress, MCStores and TBE Orlando. Collectively, these companies operate Back to Bed and Bedding Experts retail stores in Illinois, Indiana and Wisconsin, and Bedding Experts and Mattress Barn stores in Florida. The acquisition adds about 135More »

Last updated: October 1, 2014