ChannelAdvisor expands support of platform for small retailers
Research Triangle Park, N.C. — ChannelAdvisor Corporation, a provider of cloud-based e-commerce solutions, is expanding its Webstores Amplifier with support for Bigcommerce, an e-commerce website platform that allows small and medium businesses to quickly set up online stores. The ChannelAdvisor Webstores Amplifier simplifies product creation, automatically synchronizes inventory and standardizes fulfillment across multiple online channels and retail websites for its customers.
“Bigcommerce offers our customers an easy-to-use online store with most advanced functionality already built in, which retailers really appreciate as they grow to the next level,” said Marc Sebes, senior product manager at ChannelAdvisor. “It provides a flexible and user-friendly e-commerce storefront that can be launched in hours instead of months, enabling retailers to spend more time selling instead of waiting for their site to be finished.”
Toys ‘R’ Us launches online campaign for Special Olympics
Toys “R” Us is launching a nationwide in-store and online awareness campaign encouraging its customers to support the athletes participating the Special Olympics.
Starting Feb. 1, by texting "Cheer" to 80888, customers can make a $5 donation via their mobile device that will help Special Olympics athletes.
From Feb. 1 through March 31, signage in Toys “R” Us and Babies “R” Us stores nationwide will encourage customers to text "Cheer" to 80888 to make a $5 donation via their mobile device to the 2014 Special Olympics USA Games. Toys “R” Us has also developed a robust online experience at Toysrus.com/2014SpecialOlympics where visitors can "meet" young athletes from across the country via an interactive map and learn how the Young Athletes Program is helping kids achieve their personal goals.
"As we eagerly count down to the 2014 Special Olympics USA Games in New Jersey, we’re proud to shine a spotlight on the future stars of Special Olympics, and cheer on those who will be competing this year," said Kathleen Waugh, chairman, Toys “R” Us Children’s Fund. "Toys “R” Us has a long history of supporting the special needs community, and through our text-to-donate campaign we are pleased to engage our customers in supporting Special Olympics as it reveals America’s current and future champions at this summer’s USA Games."
Men’s Wearhouse urges Jos. A. Bank to consider buyout, may raise offer
Fremont, Calif. — The Men’s Wearhouse has sent a letter to the independent directors of Jos. A. Bank Clothiers, Inc. urging them to consider Men’s Wearhouse’s recent all-cash offer to acquire Jos. A. Bank for $57.50 per share, or about $1.6 billion. Jos. A. Bank initially rejected the offer, which expires March 28, 2014, on Jan. 20.
“As we have made clear, our strong preference is to work collaboratively with the JOSB board and management to realize the benefits of this combination,” says the letter, signed by five Men’s Wearhouse board members. “Our offer would provide your shareholders with a substantial premium and immediate and certain value.”
Men’s Wearhouse also states in the letter that it is prepared to increase its offer price if Jos. A. Bank can demonstrate or Men’s Wearhouse can discover additional value through discussions or limited due diligence.
The letter also urges Jos. A. Bank to form an independent committee of directors to consider the proposal. It cites a potential conflict of interest on behalf of Jos. A. Bank CEO Robert N. Wildrick, who would not remain CEO if a purchase took place. Wildrick was quoted in the official Jos. A. Bank statement rejecting the Men’s Wearhouse offer as calling it “inadequate.”
Also as previously announced, Men’s Wearhouse has formally submitted its notice to nominate two independent director candidates, John D. Bowlin and Arthur E. Reiner, for election to the Jos. A. Bank board of directors at its 2014 annual meeting.
BofA Merrill Lynch and J.P. Morgan Securities LLC are serving as financial advisors to Men’s Wearhouse, Willkie Farr & Gallagher LLP is serving as legal advisor and MacKenzie Partners, Inc., is serving as information agent.