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EBay Enterprise releases ship-from-store freight solution

BY Dan Berthiaume

King of Prussia, Pa. – eBay Enterprise is releasing a new offering for clients using its Ship-From-Store solution. The new solution leverages EBay Enterprise’s solutions with freight companies to provide its Ship-From-Store clients with discounted shipping rates, free or discounted branded packing supplies and rebates for high-volume orders that they would not be able to obtain on their own.

“Our goal is to provide retailers with the industry’s most comprehensive solutions to compete and win in today’s omni-channel commerce environment,” said Tobias Hartmann, interim president of EBay Enterprise. “Decreasing shipping and freight costs is top of mind for them. We’ve worked with our freight partners to provide savings not only in warehouse fulfillment, but also for our clients who ship orders from their store network. It’s a win for our clients and the consumer.”

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Herrick Co. acquires 44 CVS-leased retail properties for $190 million

BY Dan Berthiaume

Boca Raton, Fla. – Real estate investment firm The Herrick Company Inc., has acquired 44 retail/pharmacy properties located throughout the U.S. The properties, all of which are occupied under long-term triple net leases with CVS Caremark, were acquired for approximately $190 million.

The transaction reflects The Herrick Company’s continued strategy of investing in single-tenant, long-term net leased assets that are occupied by credit tenants. The CVS leases in the recently acquired portfolio each have 25 years remaining on the term. Affiliates of The Herrick Company purchased the CVS portfolio from private equity firm Fortress Investment Group LLC, with debt financing for the acquisition provided by a consortium of capital sources under a private placement arrangement

"In real estate, there are few investment opportunities as desirable as properties that are leased on a triple net basis by creditworthy tenants such as CVS," said Norton Herrick, chairman of The Herrick Company. "As we actively seek out additional investment opportunities that fit our requirements, we’re intently focused on acquiring this type of stable, low-management-intensive property in the retail, industrial and office sectors."

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Report: Consumers spend $21 billion on video games

BY Dan Berthiaume

Washington, D.C. – U.S. consumers spent more than $21 billion on video game content, hardware and accessories in 2013. According to a new report from the Entertainment Software Association (ESA), the trade association representing the U.S. video game industry, called “2014 Essential Facts about the Computer and Video Game Industry,” 181.3 million Americans play video games.

Other findings from the report include:

• 51% of U.S. households own a game console, and those that do own an average of two;

• The average game player is 31 years old, and 39% of game players – the largest age segment – are 36 or older;

• 44% of gamers play on smartphones, and 33% play on wireless devices; and

• Casual and social game play on mobile devices and online increased in popularity by 55% from 2012 to 2013.

“Parents across America recognize the widespread benefits of video games, including education, mental stimulation, and the bonding opportunities they create for families,” said Michael D. Gallagher, president and CEO of ESA. “Video games are a favorite pastime enjoyed by men and women of all ages, and millions worldwide who share their game play experiences with friends and family.”

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