The Container Store teams with BorderFree to take e-commerce global
New York — E-commerce solution-provider Borderfree said it has partnered with The Container Store to expand the chain’s international e-commerce reach in time for the holidays.
Previously only accessible to consumers in the U.S., and Canada, The Container Store’s online product offerings are now available to consumers in Australia, India, Mexico, Germany, France, Japan, Switzerland, Russia, and the U.K.
“Having the ability to provide our thousands of time- and space-saving solutions to customers around the world has been a dream of ours for many years,” said Melissa Collins, VP creative and online, The Container Store. “Our biggest priority is to provide customers with an excellent experience whether they are shopping in our stores or online. Working with Borderfree allows us to provide the seamless experience our domestic customers expect to new markets around the world.”
In addition to localizing retailers’ websites for international markets, the Borderfree platform addresses a myriad of related challenges including customs compliance, fraud and risk management, international payments, parcel fulfillment and returns, among others.
Family Dollar deploying Checkpoint EAS technology to reduce shrink
Thorofare, N.J. — Checkpoint Systems announced that Family Dollar Stores has entered into a multi-year agreement that includes the deployment of Checkpoint’s electronic article surveillance solutions in all of its existing and future stores.
The rollout in the chain’s existing 7,900 stores is expected to be completed by December 2014.
For the past three years, Family Dollar and Checkpoint have been analyzing results in test stores across the nation. Based on the results, Family Dollar is installing Checkpoint’s Evolve P10 ECO solution, which is designed to reduce shrink and lower energy costs. (Evolve reduces energy consumption up to 75% over alternatives, according to Checkpoint.)
"We are encouraged by the success we have already experienced in our test stores, and I am confident that installing Checkpoint’s system in all our locations will deliver an immediate impact on our profitability by reducing our shrink and increasing sales," said Chris Nielsen, VP-loss prevention, Family Dollar.
Jos. A. Bank offers to acquire Men’s Wearhouse
New York – Jos. A. Bank Clothiers has put in an offer to acquire Men’s Wearhouse for about $2.3 billion in a $48 per share all-cash offer, Reuters reported.
The acquisition would create a men’s apparel powerhouse with over 1,700 stores across the nation. Jos. A. Bank said Men’s Wearhouse was reviewing the proposal, according to the report.
Jos. A. Bank is partnering with Golden Gate Capital on the offer. The investment firm would make a $250 million equity investment in the company.
In June Jos. A. Bank said it was considering strategic opportunities to enhance shareholder value, including acquisitions.