Eastside enters U.S. e-commerce arena
Irvine, Calif. – European private label fashion brand is entering the U.S. e-commerce arena with the launch of a new office and website in the U.S. The site will offer leather goods, handbags and accessories at up to an 80% discount.
Eastside specializes in having fashion and design professionals analyze the market and then select materials and trends to create private-label goods and accessories.
Report: Orchard Supply given okay to hold liquidator auction
San Jose, Calif. — A Wednesday report by Bloomberg said that Orchard Supply Hardware Stores Corp. has been given approval by the bankruptcy court to seek bids from liquidators to run going-out-of-business sales at eight underperforming stores and potentially another 22.
Orchard Supply, which currently has a $205 million offer from Lowe’s Cos. (LOW) for at least 60 of its 91 hardware stores, will hold a June 27 auction to determine which liquidator offers the best return for running its store closing sales. U.S. Bankruptcy Judge Christopher Sontchi gave the okay at a Wednesday hearing in Wilmington, Del.
Orchard Supply sought bankruptcy protection on Tuesday. The company never fully recovered from its 2011 spin-off from Sears Holdings Corp., which left the chain with a heavy debt load.
RILA elects Sears president to its board
Washington, D.C. – The Retail Industry Leaders Association elected Ron Boire, president of Sears and Kmart, to its board of directors, during its semi-annual meeting in Washington, D.C.
The board also re-elected Home Depot chair and CEO Francis Blake, 7-Eleven president and CEO Joseph DePinto, Petco CEO James Myers and J.C. Penney CEO Myron Ullman.
“We are pleased to welcome Ron Boire to the board,” said RILA President Sandy Kennedy. “His insight into the issues retailers face every day will bring added wisdom and foresight to this already stellar group. The contributions of this highly engaged group of retail executives sets RILA apart and allows us continue to deliver big wins for our members.”
The RILA board of directors is made up of chief executives from many of the United States’ largest retail companies which the association deems most innovative. The board meets in person twice a year to discuss issues facing the retail industry.
The trade association keeps itself at the forefront of issues pertinent to the retail industry, including tax reform, health care, labor and privacy, and has led numerous efforts to advance the industry’s public policy agenda. RILA’s current top public policy priority is passage of the Marketplace Fairness Act, a bill that would end what the association argues is the unfair advantage online-only retailers have over Main Street retailers as it relates to sales tax collection. The bill, which passed the U.S. Senate earlier this year with overwhelming bipartisan support, is currently under consideration in the U.S. House of Representatives.