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PR Newswire ARCHIVE

Big Lots Exiting Wholesale Business  Nov 01, 2013 10:44 AM By MCM Staff

Closeout retailer Big Lots has decided to exit the wholesale business. The merchant will wind down operations of Big Lots Wholesale, Consolidated International, and Wisconsin Toy wholesale operations by the end of fiscal 2013.

FTC Clears Proposed OfficeMax-Office Depot Merger  Nov 01, 2013 10:16 AM By Tim Parry

The merger of equals proposed by OfficeMax and Office Depot would create a $17 billion office supplies empire.

MSC Industrial Direct 4Q Sales Rise 6.1%  Oct 30, 2013 9:38 PM By Tim Parry

MSC Industrial Direct’s net sales for the fourth quarter were aided by the recently acquired Barnes Distribution North America, business contributed approximately $73.6 million its figures.

Blyth Confirms Unsolicited Conditional Proposal From CVSL  Oct 30, 2013 7:29 PM By Tim Parry

Blyth confirmed that it has received an unsolicited proposal from CVSL, Inc. to acquire, subject to conditions, all of the public common shares of Blyth for approximately $269 million payable in CVSL shares or cash.

Systemax’s 3Q B2C Sales Fall 17.5%  Oct 29, 2013 7:02 PM By Tim Parry

Systemax today announced financial results for the third quarter and nine months ended September 30, 2013.

Consumer Confidence Killed by Government Shutdown  Oct 29, 2013 2:07 PM By MCM Staff

The Conference Board Consumer Confidence Index, which had declined moderately in September, decreased sharply in October as the federal government shutdown and debt-ceiling crisis took a particularly large toll on consumers’ expectations.

Sears May Spin Lands’ End Off  Oct 29, 2013 7:20 AM By Tim Parry

The company said that separating Lands’ End and Sears Auto Center would allow them to pursue their own strategic opportunities, optimize their capital structures, attract talent, and allocate capital in a more focused manner while bringing the business unit structure to life outside of the Sears Holdings portfolio.

Ingram Micro Acquires Shipwire  Oct 28, 2013 7:22 PM By Tim Parry

Ingram Micro announced that it has entered into a definitive agreement pursuant to which it will acquire global fulfillment service provider Shipwire. Terms of the deal were not disclosed.

Over 30% of Consumers Worried About Privacy with Loyalty Programs  Oct 28, 2013 2:48 PM By Erin Lynch

Loyalty programs are becoming increasingly popular among retailers and consumers alike. However, as more and more consumers are opting in to these types of programs, over 30% of shoppers say the amount of personal information requested by a merchant is a major factor when considering signing up for a loyalty program or not.

UPS Expects Cyber Monday Pick-up Volume to Rise 10%  Oct 28, 2013 2:32 PM By Tim Parry

UPS said it expects pick-up volume on Cyber Monday, Dec. 2, to eclipse 32 million packages globally, an increase of 10%.






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