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Dollar Tree buying Canada’s Dollar Giant Store

BY CSA STAFF

Chesapeake, Va. Dollar Tree is buying Canada’s Dollar Giant Store for about $52 million in cash.

The retailer said Monday that the deal includes 84 Dollar Giant Stores, including substantially all assets, inventory, leasehold rights and intellectual property.

“[This transaction] provides Dollar Tree with an outstanding platform for significant, profitable growth in the Canadian market,” president and CEO Bob Sasser said in a statement.

Dollar Giant, based in Vancouver, offers a variety of general merchandise, seasonal goods and everyday items priced at $1.25 Canadian dollars ($1.24) or less.

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Syms loss widens in Q2 with impact of Filene’s acquisition

BY CSA STAFF

Secaucus, N.J. Syms Corp. reported late Thursday that it lost $10.9 million in the quarter ended Aug. 28, compared with a loss of $7.9 million in the year-ago period. The widened loss is mostly attributable to one-time charges related to Syms’ acquisition of Filene’s Basement in second quarter 2009, according to the company.

Revenues for the quarter surged 34% to $102.1 million, from $76.4 million in the prior-year quarter, reflecting the impact of Filene’s Basement.

Same-store sales increased 16% for the quarter.

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Kindle arrives at Staples

BY CSA STAFF

FRAMINGHAM, Mass. Staples announced that the Kindle e-reader is available in all stores nationwide beginning Oct. 10.

“Kindle is just one example of a host of hot tech items customers can get at Staples this holiday season,” said Jevin Eagle, EVP merchandising and marketing at Staples. “From our hands-on displays to our knowledgeable associates, Staples makes buying technology easy any time of year.”

 

Staples now carries the following new Kindle devices:

 

    * Kindle ($139.00) – Wi-Fi, 6″ diagonal     * Kindle 3G ($189.00) – Free 3G + Wi-Fi, 6″ diagonal     * Kindle DX ($379.00) – Free 3G, 9.7″ diagonal (available at Staples mid-November)

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