Foot Locker Closes Purchase of CCS From dELiA’s
New York City Foot Locker announced that the company had closed its purchase of CCS from dELiA*s, Inc. for $103.2 million in cash.
It is expected that the acquisition of CCS will be accretive to Foot Locker, Inc.’s diluted earnings per share within the first full year of operation. dELiA’s will report the results of CCS as discontinued operations for its third quarter.
Report: Target launches new fashion program
NEW YORK According to reports, Target is launching a new fashion program, Target Designer Collaborations, with an apparel line by Alexander McQueen.
The McQueen collection, called McQ Alexander McQueen for Target will be available in stores next spring.
Target’s fashion push comes shortly after the company announced that it would limit store openings and would consider a proposal for the spin-off of its real estate business.
Fresh & Easy to open stores in Bakersfield, Calif.
BAKERSFIELD, Calif. Fresh & Easy Neighborhood Market announced it will open its first two stores in Bakersfield, Calif. on Dec. 3. Fresh & Easy currently has five announced locations in Kern County.
“At Fresh & Easy, we offer fantastic products at incredible prices so you don’t have to compromise on what you feed your family,” said Fresh & Easy ceo Tim Mason. “We look forward to bringing great jobs and quality, affordable food to neighborhoods in Kern County.”