REAL ESTATE

Conn’s opens three HomePlus stores

BY Marianne Wilson

The Woodlands, Texas — Conn’s announced the opening of three Conn’s HomePlus stores in El Paso and Fort Worth, Texas, and Tucson, Arizona.

The new Conn’s HomePlus store format showcases furniture and mattresses in addition to the leading brands and the latest technologies in consumer electronics and home appliances.

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R.Von says:
Mar-15-2013 12:11 pm

Their customer service is
Their customer service is good, and with this additional furniture showcases, their customers will surely be happy with this news. - Rich Von Alvensleben

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Mar-15-2013 12:11 pm

Their customer service is good, and with this additional furniture showcases, their customers will surely be happy with this news. - Rich Von Alvensleben

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Domino helping out on the home front

BY CSA STAFF

ISELIN, N.J. — Domino Sugar has donated $50,000 to the American Red Cross for relief and rebuilding efforts in the Northeast following Hurricane Sandy.

Domino Sugar, which owns a refinery on the Hudson River in New York and whose sales office is headquartered in New Jersey, launched the first phase of its giving program over the Thanksgiving holiday with a donation to the American Red Cross of 30,200 lbs. of assorted Domino Sugar products. The food supplies were shipped from Domino Sugar’s Baltimore refinery and distributed to local food drives through the Community Food Bank of New Jersey.

"All of us that live in the storm-impacted areas have dealt with power-related outages, falling trees and in some cases, even surge flooding," said Brian O’Malley, president of Domino Foods. "Fortunately, even though our New York refinery was shut down for almost two weeks, our employees personally were spared the most severe havoc Hurricane Sandy brought to our tri-state community. But, not all in our communities were so fortunate. We witnessed the tremendous response of the American Red Cross, who were among the first on the scene providing assistance to those that lost literally everything. Our $50,000 donation to the Red Cross is another way to assist and thank them for the services they are providing, and also to give back in a meaningful way to our fellow citizens who continue to struggle in the aftermath of the storm."

Given the spirit of these efforts, Domino Sugar has also set up a microsite where its employees and partners can join the company in support of the American Red Cross at https://american.redcross.org/dominofoods-emp.

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The TJX Companies extends its e-commerce reach

BY CSA STAFF

FRAMINGHAM, Mass. — The TJX Companies has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming, for approximately $200 million in cash.

The purchase was financed from TJX’s existing cash balances.

Sierra Trading Post is a privately held company that launched its e-commerce business in 1999. The company has successfully grown its business to more than $200 million in annual revenue, and has a strong organization of approximately 700 associates with substantial e-commerce experience and expertise.

As part of this transaction, TJX acquired Sierra’s office, fulfillment center and photography studios in Cheyenne, Wyoming, its customer call centers in Cheyenne and Cody, Wyoming, and its four outlet stores in Idaho, Nevada and Wyoming.

“We are very pleased with the addition of Sierra Trading Post to the TJX family. We continue to plan on launching e-commerce sites for TJX brands and this acquisition adds immediate scale, capabilities and infrastructure in e-commerce, which we can leverage in that regard. We believe we will be able to build upon this platform as we continue to develop our e-commerce strategy. Further, we are confident that TJX can help grow the Sierra business profitably through our buying scale, marketing and our other capabilities,” said Carol Meyrowitz, CEO of the TJX Companies.

“As an off-price online retailer, Sierra Trading Post shares many characteristics with TJX. As we do, Sierra offers branded apparel, footwear and home furnishings at great values, has a very loyal customer base, strong vendor relationships, and operates with a low cost structure. We also see Sierra’s management team, with their deep Internet retailing experience, as a complement to the strong e-commerce team we have built within TJX,” added Meyrowitz.

The TJX Companies operates 1,039 T.J. Maxx, 912 Marshalls and 417 HomeGoods stores in the United States; 222 Winners, 88 HomeSense and 14 Marshalls stores in Canada and 344 T.K. Maxx and 24 HomeSense stores in Europe.

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