INVENTORY

Bestbuy.com to offer free holiday shipping

BY Katherine Boccaccio

Minneapolis — Best Buy Co. announced Tuesday that it will waive the minimum purchase limitations and offer free shipping on its complete inventory of 400,000 website items from Nov. 1 through Dec. 27.

"Consumers are looking for value, service and savings this year, and our goal is to provide them with convenient, creative and less costly ways to make the holiday shopping experience more enjoyable," said Barry Judge, executive VP and CMO, in a statement.

Best Buy also is offering same-day store pickup, shipping of online orders to stores and relaxed restrictions on returns in order to boost sales during the holiday shopping period.

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REAL ESTATE

Toys ‘R’ Us to debut in Poland

BY Katherine Boccaccio

Wayne, N.J. — Toys “R” Us said Wednesday it will make its debut in Poland at the end of November, opening a store in Warsaw.

The company, which currently operates 300+ stores in Europe, said it will add several additional locations in major cities throughout Poland in 2012.

Toys “R” Us opened a corporate headquarters for its Poland operation in Warsaw in August, employing approximately 25 people who function in merchandising, marketing, human resources, store operations and finance roles. The new 25,000-sq.-ft. store in Warsaw will be located in the Blue City Shopping Center and will create approximately 30 additional local jobs. To stock the new store, the company will utilize its existing European distribution channels.

The debut Warsaw store will also feature a small Babies “R” Us section in order to create a one-stop shopping experience the company says is consistent with its integrated strategy across the globe.

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FINANCE

Brown Shoe finalizes sale of And 1

BY Katherine Boccaccio

St. Louis — Brown Shoe Co. said Wednesday it has finalized the sale of its And 1 men’s performance and lifestyle brand to Galaxy International for $55 million.

The And 1 brand was part of the $145 million American Sporting Goods acquisition that Brown completed last February in a move to expand its reach into the fitness category.

Brown Shoe said it plans to use the proceeds from the sale of And 1 to pay down debt.

“Our work to align our organization for success is still underway, as we continue to evaluate our remaining businesses,” said Diane Sullivan, president and CEO of Brown Shoe Co.

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