European Retail Giant Media Markt Rebuffs Bid
London Germany’s Media Markt, Europe’s biggest electrical-goods retailer, has rejected a request from DSG International Plc to consider a bid for its closest rival, according to the Financial Times.
The report said Britain’s DSG first made the informal approach in the spring.
The report also said Media Markt, owned by Metro AG, Germany’s biggest retailer, was put off by the size of the potential deal.
“We never comment on speculation and rumor,” a DSG spokesman said. “DSG is totally committed to its renewal and transformation plan. The management team is completely focused on that.”
DSG runs just under 1,400 stores across Europe, while Media Markt has just over 500 outlets in 15 countries.
Bloomingdale’s, Sony partner for music-themed campaign
NEW YORK Bloomingdale’s has launched its longest running multi-media campaign, which will include more than 840 catalog pages, 800 newspaper and magazine impressions, 650 in-store events, signage, and e-mail blasts. The campaign, which is anchored by a partnership with The Sony Music Label Group, will last through the holiday season.
Bloomingdale’s is featuring Sony artists throughout its fall catalogs, media and in-store signage.In addition, Bloomingdale’s has dedicated areas in all stores in which new releases from select Sony artists are available for purchase.
A.C. Moore launches customer loyalty program
BERLIN, N.J. A.C. Moore has launched a new customer loyalty program, A.C. Moore Rewards.
A.C. Moore Rewards is a points-based program where members receive a $10 Reward Certificate each time they reach 200 points. Points are awarded at the rate of 1 point for every $1 purchased and double points are awarded for purchases of $100 or more. The program’s Web site: www.ACMooreRewards.com also offers members a convenient way to track their points or view special promotions and offers online.
“We want our customers to have the best possible shopping experience at A.C. Moore. Our rewards program gives members new opportunities to save in addition to our everyday low prices,” said Joe Jeffries, evp of operations for A.C. Moore. “Our message is simple: You shop. We reward.”
A.C. Moore Rewards launched as a pilot in 17 retail locations, and will soon be available in over 130 stores. A.C. Moore hopes to continue to expand the program benefits in the future.