REAL ESTATE

Golf Galaxy opens interactive store in Las Vegas Nov. 1

BY Dan Berthiaume

Pittsburgh – Golf Galaxy plans to open its second retail location in Nevada. The retailer will open a 29,000-plus-sq.-ft. store in Henderson, a Las Vegas suburb, on Nov. 1.

At the store, offerings include services from PGA professionals and certified in-store club technicians; five hitting bays and an indoor demo range; and an on-site, full-service 42-foot tour van modeled after club manufacturers’ on-site PGA Tour vans. The store also features a dedicated women’s shop, a driving range, and a three-speed putting green.

"We are thrilled to expand Golf Galaxy’s presence in the United States," said Doug Wurl, president, Golf Galaxy. "At our Henderson location, we are able to provide golfers of all ages and abilities with a PGA Tour-inspired experience, providing the best equipment for their game, in addition to the unparalleled support, guidance, and experience from our PGA professional staff."

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OPERATIONS

Report: Publishing exec leaves Amazon

BY Dan Berthiaume

New York – Larry Kirshbaum, a publishing industry executive who joined Amazon.com’s New York-based publishing unit in 2011, is reportedly leaving the company to become a literary agent. According to the Associated Press, Kirshbaum, who formerly was in charge of the Time Warner Book Group will officially leave his position in January 2014.

The Associated Press quoted an Amazon.com spokesperson as saying the company will continue efforts to grow its New York publishing office and create new publishing imprints. Barnes & Noble, among other major competing booksellers, does not stock books published by Amazon.com, which reportedly impeded Kirshbaum’s ability to sign authors.

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FINANCE

J. Crew proposes bond offering

BY Dan Berthiaume

New York — Chinos Intermediate Holdings A, Inc., the indirect parent company of J. Crew Group, Inc., intends to issue $500 million of senior PIK toggle notes due 2019. The notes will be offered and will be sold in a private placement to qualified institutional buyers in the U.S, pursuant to Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons in transactions outside the U.S. pursuant to Regulation S under the Securities Act.

Intermediate Holdings A intends to use the net proceeds from this offering to distribute cash to its parent company to fund a cash dividend, distribution or other payment to its equity and certain equity-award holders, and to pay related fees and expenses. The consummation of the proposed notes offering is subject to market and other conditions.

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