FINANCE

eBay acquires delivery provider

BY Dan Berthiaume

San Jose, Calif. – eBay is acquiring Shutl, a London-based same-day e-commerce delivery company with North American headquarters in San Francisco, for an undisclosed sum. Through the purchase, eBay hopes to establish its one-hour eBay Now delivery service in 25 cities in the U.S., and U.K., by the end of 2014.

EBay is launching eBay Now in Chicago as of Oct. 23, and also plans to start the service in Dallas in the near future. Shutl says it will continue serving its U.S., and U.K., retail partners, speeding up its national and international rollouts and developing new products.

“I have the utmost appreciation for the eBay team and am excited and honored for Shutl to be a part of their plans, starting today in Chicago,” said Tom Allason, founder and CEO of Shutl, in an open letter posted on the Shutl site. “eBay’s bold vision to redefine local commerce is one that fits perfectly with what we have set out to achieve at Shutl. Approximately 75% of commerce happens within 15 miles of the consumer’s home. E-commerce is quick and convenient, two things that delivery is not. Together with eBay, we believe that we can transform this market and fulfill our mission."

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OPERATIONS

Bon-Ton will open stores Thanksgiving

BY Dan Berthiaume

York, Pa. – The Bon-Ton Stores, Inc. is the latest retailer to plan to have its stores open Thanksgiving night. Bon-Ton will open its stores at 8 p.m. on Thursday, Nov. 28 and offer in-store doorbuster deals through 2 p.m. on Friday, Nov. 29.

Online doorbusters will begin at 6 a.m. on Wednesday, Nov. 27. Other retailers that have already announced plans to open stores at 8 p.m. Thanksgiving night include Macy’s, J.C. Penney and Kohl’s.

"Black Friday is the most popular shopping day of the year," said Steve Byers, executive VP of stores and visual merchandising for The Bon-Ton Stores, Inc. “Customers will find amazing deals and unique gifts for the entire family. We are committed to giving our customers an enjoyable holiday shopping experience.”

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FINANCE

Canadian government approves Sobey’s-Safeway purchase

BY Dan Berthiaume

Toronto – Sobey’s Inc. has signed a consent agreement with the Canadian Competition Bureau allowing it to proceed with the acquisition of substantially all of the assets of Canada Safeway.

As part of the consent agreement, Sobey’s will divest 23 stores in the provinces of Alberta, British Columbia, Manitoba and Sasketchewan. The deal, announced in June, will cost Sobey’s owner Empire Co. Ltd. about $5.7 billion.

“We are delighted to have received regulatory clearance from the Competition Bureau,” said Marc Poulin, president & CEO, Sobeys Inc. “Our focus now turns to closing the deal, which we expect to do in early November, and beginning to serve our customers in Western Canada as one company.”

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