OPERATIONS

Fred Meyer Jewelers launches mobile e-commerce websites

BY Staff Writer

Portland, Ore. — Fred Meyer Jewelers, the nation’s third-largest fine jewelry retailer, announced the launch of mobile websites for its namesake and Littman Jewelers brand. The sites are optimized for mobile devices including iPhone and Android smartphones.

Fred Meyer Jewelers has partnered with Moovweb to create the mobile enabled websites. The mobile websites serve as a complement to the regular sites with functional ecommerce capability.

Fred Meyer Jewelers is very excited to expand into the mobile channel to better address the needs of our increasing mobile audience," says Kirsten Darrow, VP marketing and e-commerce at Fred Meyer Jewelers.”

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Jan-14-2013 03:50 pm

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S.Jhon says:
Jan-14-2013 03:50 pm

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FINANCE

Pep Boys to be acquired in $791 buyout

BY Marianne Wilson

Philadelphia — The Pep Boys — Manny, Moe & Jack, has agreed to be taken private by private equity firm The Gores Group for about $791 million. The total transaction, including debt, is valued at about $1 billion.

Under the terms of the buyout, the Los Angeles-based Gores Group will pay Pep Boys shareholders $15 a share, 24% above the closing price on Friday.

“Partnering with the Gores Group delivers a significant premium for Pep Boys’ shareholders and ensures a strong foundation for us to continue our expansion,” Michael R. Odell, the chain CEO and president, said in a statement. “Our board firmly believes that this transaction is in the best interests of all of our stakeholders.”

Odell and other senior managers, are expected to remain in their positions once the acquisitions closes.

Pep Boys’ board unanimously approved the acquisition, which still needs approval from the company’s shareholders. The transaction is expected to close in the fiscal second quarter. The agreement includes a provision, which allows Pep Boys to seek and receive alternative offers for a period of 45 days.

Pep Boys was founded in 1921 by Emanuel (Manny) Rosenfeld, Maurice (Moe) Strauss, Moe Radavitz and Graham (Jack) Jackson. It has more than 700 locations in 35 states and Puerto Rico.

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Fred Meyer jewelry division goes mobile

BY CSA STAFF

PORTLAND, Ore. — Fred Meyer’s jewelry retail subsidiaries, Fred Meyer Jewelers and Littman Jewelers, which make up the third-largest fine jewelry retailer in the United States, have announced the launch of the Fredmeyerjewelers.com and Littmanjewelers.com mobile websites, optimized for mobile devices including iPhone and Android smartphones.

Developer Moovweb developed the mobile enabled sites for Fred Meyer toserve as a complement to the regular sites with functional e-commerce capability, according to the company. They have been designed to provide a robust shopping experience, including access to the company’s expansive jewelry assortment alongside options to purchase gift cards, access to a wish list and locating the nearest store.

"Fred Meyer Jewelers is committed to giving our Customers the ability to easily shop how and when they want. Our new mobile site puts the power into the hands of our on-the-go customers whether they want to buy online, find a store or are looking for detailed product information. Fred Meyer Jewelers is very excited to expand into the mobile channel to better address the needs of our increasing mobile audience," says Kirsten Darrow, VP marketing and e-commerce at Fred Meyer Jewelers.

In celebration of the launch, Fred Meyer Jewelers and Littman Jewelers are offering free two-day shipping on all orders through Feb. 14.

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