FINANCE

Collective Brands shareholders approve sale of company

BY Katherine Boccaccio

Topeka, Kan. — Collective Brands stockholders voted at a special meeting on Tuesday to approve the sale of the company for about $1.32 billion.

Collective, which owns the Payless and Stride Rite shoe store banners, had announced in May that it accepted a purchase offer from a group that includes Wolverine Worldwide Inc., Blum Capital Partners and Golden Gate Capital.

The transaction will split Payless and Collective’s brand development and licensing arm into separate companies. Wolverine, which owns Hush Puppy, will acquire the Performance + Lifestyle Group, which includes Sperry Top-Sider, Saucony, Stride Rite and Keds.

Blum Capital and Golden Gate will jointly acquire Payless and Collective Licensing International.

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STORE SPACES

Reebok Fit Hub makes U.S. debut

BY Staff Writer

New York — Reebok has opened its first Reebok Fit Hub in the United States, on Fifth Avenue at 37th Street in Manhattan.

The 2,500-sq.-ft. store is located on the top of a Reebok CrossFit Box gym, which is on the street level. It sells a wide range of fitness apparel and footwear for men and women. Customers can also get fitness advice from in-store experts.

Designed by Reebok’s global environmental design division based on a concept by Ziba, Portland, Ore., Fit Hub has a raw, industrial look, with an exposed ceiling.

Reebok first debuted the Fit Hub concept in 2011, with locations in Korea and Russia. It opened a third site, in Dubai, this year.

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joay111 says:
Mar-06-2013 03:56 pm

This is my first time i visit
This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! keep up the good work website

joay111 says:
Mar-06-2013 03:56 pm

This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! keep up the good work website

M.Pacquiao says:
Dec-04-2012 05:43 am

Pacquiao Marquez Live Online
The fourth fight that everyone wants to see is almost here and when the two fighters step in the ring fans will watch Pacquiao vs Marquez live and be entertained. Pacquiao and Marquez are training hard so this will surely be exciting.

M.Pacquiao says:
Dec-04-2012 05:43 am

The fourth fight that everyone wants to see is almost here and when the two fighters step in the ring fans will watch Pacquiao vs Marquez live and be entertained. Pacquiao and Marquez are training hard so this will surely be exciting.

M.Pacquiao says:
Nov-24-2012 12:06 am

Pacquiao-Marquez 4
I've been hearing so many people talk about Pacquiao's next fight versus Marquez. It's the fourth time they meet but every fight has been close. I'll watch Pacquiao vs Marquez online when it happens because I find it's more convenient to watch it on a computer. There will definitely be many other people watching Pacquiao vs Marquez streaming, and we will all be treated to something special.

M.Pacquiao says:
Nov-24-2012 12:06 am

I've been hearing so many people talk about Pacquiao's next fight versus Marquez. It's the fourth time they meet but every fight has been close. I'll watch Pacquiao vs Marquez online when it happens because I find it's more convenient to watch it on a computer. There will definitely be many other people watching Pacquiao vs Marquez streaming, and we will all be treated to something special.

J.Carter says:
Oct-13-2012 02:11 am

Most of the boxers trained at
Most of the boxers trained at Reebok CrossFit Box Gym, and Pacquiao could also trained here for the upcoming of his fight, the pacquiao vs marquez 4 on December.

J.Carter says:
Oct-13-2012 02:11 am

Most of the boxers trained at Reebok CrossFit Box Gym, and Pacquiao could also trained here for the upcoming of his fight, the pacquiao vs marquez 4 on December.

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News

Study: Discounts as low as 2.5% sway shoppers to leave stores, purchase online

BY Antoinette Alexander

St. Louis — Forty-five percent of customers shopping in-store at bricks-and mortar-locations will walk out and complete their purchase online for a discount as low as 2.5%, according to new showrooming research from GroupM Next.

This number jumps to 60% of shoppers who will leave and purchase a product online for a savings of 5%. When discovering an online discount of 20%, a small percentage of shoppers (13%) stay and complete their purchase in store.

“Consumers have shifted their path to purchase to include the store as a step but not necessarily the final step, and this will likely continue to increase over time. Brands need to think about how showrooming can be used to their advantage to navigate would-be buyers to a checkout location, be it in store or online,” said GroupM Next CEO Chris Copeland. 


Showrooming is the new habit of consumers conducting price comparisons on a mobile device while in store, leaving the store and completing their purchase online. 
 


The study “Showrooming & The Price Of Keeping Buyers In-Store” was conducted to take a close look at the influencing factors of showrooming and to identify the tipping point at which the difference between an in-store and online price is large enough to lure shoppers out of stores, according to GroupM Next.

Other research highlights include:

  • Forty-four percent of consumers use a mobile device to influence their purchase decision when shopping in-store;
  • If the price difference in-store versus online is more than $5 most customers will leave;
  • The average showroomer profile includes young females who make frequent online purchases; alternately, the profile of the shopper who can be most swayed to stay and complete a purchase in store is older male, 55% of whom buy online one time per month; and
  • Customers who interact with an associate are 12.5% more likely to purchase in-store.
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