Destination Maternity announces new credit facility
Philadelphia — Destination Maternity Corp. announced that it has entered into a new $61 million revolving credit facility with Wells Fargo Bank, N.A.
The new credit facility replaces the retailer’s $55 million revolving credit facility with Bank of America, N.A., which was due to mature on January 13, 2013.
ShopperTrak acquires ReTel Technologies
Chicago — ShopperTrak has acquired ReTel Technologies Inc. (ReTel), a Silicon Valley-based provider of hybrid video-auditing solutions and advanced shopper analysis.
ShopperTrak will integrate ReTel’s technology with its managed service to deliver an unprecedented level of shopper insights to retailers. Once available with ShopperTrak’s core offerings, the new capabilities will provide retailers with rapid access to customer demographics, queue analysis, speed-of-service and sales process effectiveness.
ReTel developed technology that securely audits videos to provide advanced reports for retailers. When combined with ShopperTrak’s managed service, the new audits will help retailers compare sales associate behavior and improve the customer experience.
“In addition to our existing suite of retail traffic analytics, ShopperTrak will be offering insight into store performance factors that directly affect both the customer’s experience and the retailer’s revenue,” said ShopperTrak chief marketing officer Ed Marcheselli.
Canvas Lands End opens virtual pop-up
Dodgeville, Wis. — Canvas Lands’ End is reinventing the pop-up concept by taking it online with the first-ever blog-up shop. The result is Arrivals, a virtual pop-up shop series curated by eight well-known fashion and lifestyle bloggers. Each shop will function as its own mini e-commerce site and will feature fall and holiday looks styled by the blogger in his or her unique style that readers can purchase.
The shops will live on the individual bloggers’ sites for a week and on the Canvas Lands’ End site where all shops will be compiled. The first of eight Arrivals shops launched on Oct. 30, with shops continuing to roll out weekly through the end of the year.
The Arrivals shops will each contain three looks styled by the blogger. In addition, the bloggers will provide content to help shoppers put their own looks together. This will include a behind-the-scenes look at the bloggers’ styling processes, their must-have pieces and tips on where to wear the look. All content within the shops will also be fully sharable with easily accessed links that enable people to post the looks on their social channels, including Pinterest, Facebook and Twitter; #CanvasArrivals will be used to help track the conversation.
Finally, in addition to supporting their Arrivals shop by hosting it on their sites, the partner bloggers will be pushing out the content through their own social channels and on subsequent blog posts.