FINANCE

Borders calls objections from creditors irrelevant

BY Staff Writer

New York City — Borders Group said objections from creditors are irrelevant because the company’s liquidation means it will not carry on any contracts with business partners, Bloomberg reported.

Borders is due to seek court approval Thursday to liquidate its 399 remaining stores. The approximate 99 objections from creditors should be overruled, the company said in court papers, as it does not plan to keep or transfer any contracts or leases, the report said.

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OPERATIONS

Staples appoints CIO

BY Staff Writer

Framingham, Mass. — Staples announced the promotion of Christine Putur to chief information officer. In her new role, Putur will have global responsibility for information technology strategy and execution.

Putur joined Staples in 1999, and has since held various leadership roles on the company’s e-commerce, technology strategy, program management and US Retail technology teams. She most recently served as senior VP information systems for the company’s North American Delivery businesses.

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REAL ESTATE

Under Armour opens in Madrid

BY Marianne Wilson

New York City — Athletic apparel, footwear and accessories marketer Under Armour has opened its first European outlet store, in Madrid, Spain.

The space offers high-value shopping in a high-end environment, with a design that strikes a balance between Under Armour’s high-performance athletic goods and its aggressive, intense brand image. Designed by Storeage, Amsterdam (Netherlands), it combines a warehouse look and feel, with concrete floors, industrial lamps and steel fixtures. Clean lines and sleek styling add a note of European sophistication.

Other décor elements include a video wall highlighting the brand’s latest ads and videos, larger-than-life murals with athletic imagery and educational graphics that convey the performance benefits of Under Armour products.

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B.Brent says:
Nov-30-2012 03:23 pm

Under Armour is slowly but
Under Armour is slowly but surely getting a lot of shares in the market. For the past few years, they are making the smart moves. - Garrett Hoelscher

B.Brent says:
Nov-30-2012 03:23 pm

Under Armour is slowly but surely getting a lot of shares in the market. For the past few years, they are making the smart moves. - Garrett Hoelscher

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