ECOMMERCE

DSW Debuts E-Commerce Site

BY CSA STAFF

Columbus, Ohio DSW Inc. has announced the launch of its e-commerce site, DSW.com.

The company, which opened its first store in 1991, deliberately waited until now to launch its online presence, according to Debbie Ferree, vice chairman of DSW.

“The DSW in-store experience, including the ‘wow’ factor of the assortment and the surprise of ever-changing inventory, is cherished by our customers,” Ferree said in a statement. “It was important that we waited until we could replicate that experience as closely as possible online.”

The site provides product recommendations and encourages conversations among shoppers through mini-blogs and product ratings.

DSW also plans to introduce additional interactive features to the site in the coming months.

In addition, and for a limited time, DSW Rewards members will receive free shipping on all online orders.

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Staples to offer no-return DVD rentals

BY CSA STAFF

FRAMINGHAM, Mass. Staples, according to reports, is offering a new service that allows customers to rent DVDs at its stores without having to return them.

Starting in mid June, customers will be able to rent a limited selection of titles, which are on Flexplay DVDs that automatically erases the content after 48 hourse from opening the inner package. Customers can recycle the DVDs with other plastics.

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Linens ‘N Things approved for DIP financing

BY CSA STAFF

CLIFTON, N.J. Linens ‘N Things reported that the United States Bankruptcy Court for the District of Delaware entered a final order approving the company’s $700 million Debtor-in-Possession (DIP) financing by General Electric Capital. The approval, granted during a Wednesday, May 28 hearing before Judge Christopher Sontchi, provides LNT with access to the capital necessary to meet its ongoing obligations during the restructuring process.

We are pleased with the Courts approval of our financing as it is an important step in our restructuring efforts, said Michael Gries, chief restructuring officer and interim ceo. It reinforces our commitment to the vendor community and to providing our guests with the assortment of merchandise and quality of service they have come to expect from Linens ‘N Things. 

Linens ‘N Things filed to reorganize under Chapter 11 on May 2 in the United States Bankruptcy Court for the District of Delaware. Interim approval of the DIP financing was granted on the same day.

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