FINANCE

Great American Group handles Bakers Footwear liquidation

BY Katherine Boccaccio

Woodland Hills, Calif. — Great American Group said Friday it has been selected to handle the liquidation of Bakers Footwear Group, offering discounts for products in 56 of Bakers Footwear Groups’ remaining stores, as well as online at Bakersshoes.com.

Bakers locations in Alabama, California, Connecticut, Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia are part of the sale event.

On Jan. 15, 2013 a bankruptcy judge for the U.S. Bankruptcy Court in St. Louis signed a Chapter 7 order allowing Bakers Footwear Group to conduct going-out-of-business sales at its remaining stores. It once operated 236 Bakers and Wild Pair shoe stores in 37 states before filing for Chapter 11 bankruptcy last October due to declining sales. At that time, the company hired GA Keen Realty Advisors of New York, a division of Great American Group, to market leases for 150 Bakers and Wild Pair shoe store locations in 31 states.

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FINANCE

Privalia boosts flash sales business with IBM Smarter Commerce

BY Katherine Boccaccio

Armonk, N.Y. — Online fashion retailer Privalia said Friday it is working with IBM to boost its expanding online sales business through mobile and social channels.

Privalia organizes online flash sales, a phenomena that offers personalized, limited-time offers to consumers at attractive prices.

Privalia is using software from IBM’s Smarter Commerce initiative to connect with the growing marketplace of digital consumers who prefer to buy across online, mobile and social channels. The IBM software provides intelligent automation of marketing, sales, customer service and procurement.

Privalia organizes short, single-brand campaigns lasting between three to five days. According to Lucas Carné, Privalia’s co-founder” “For a technological investment of near two million euros, it was crucial to find a multichannel solution that gives us the maximum modularity and enables us to continue innovating, a key to our success. Being able to work with a trusted partner such as IBM was critical to our decision."

The flash sales model that Privalia represents is helping smaller retailers gain a competitive edge while appearing more exclusive. For a limited time, boutique items at special discount prices are displayed on the website. This can be a more effective sales method than conventional websites that may be viewed as cheapening a brand’s value or in the case of brick-and-mortar stores, where a lesser-known company is lumped in with major, household names.

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M.Tu says:
Feb-26-2013 04:19 am

bigone
bigone said ... Your article is very useful, I appreciate your post, this is a specific information or details.

M.Tu says:
Feb-26-2013 04:19 am

bigone said ... Your article is very useful, I appreciate your post, this is a specific information or details.

S.Ban Be says:
Jan-27-2013 01:19 am

IBM is awesome
It is great news and IBM is supper... Thanks for try post and i try to apply for my site. It is iwin

S.Ban Be says:
Jan-27-2013 01:19 am

It is great news and IBM is supper... Thanks for try post and i try to apply for my site. It is iwin

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OPERATIONS

Home Depot Center to potentially be renamed

BY Staff Writer

Carson, Calif. — A Friday report by the Associated Press said that the home of Los Angeles’ professional soccer team will likely be getting a new name.

The Home Depot Center, which also includes facilities for tennis, track and field, baseball, basketball and other sports, as well as serves as an official training site for U.S. Olympians, is nearing the end of the $70 million, 10-year naming rights period, and Home Depot spokeswoman Jean Niemi told AP that the retailer does not plan to renew the deal.

Anschutz Entertainment Group, which owns the Los Angeles Galaxy soccer team, said it is in the "final stages" of negotiations with a new naming rights partner for the sprawling complex, said AP.

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