GSI to acquire U.K.-based fulfillment company
KING OF PRUSSIA, Pa. and BARCELONA, Spain GSI Commerce today announced it has agreed to acquire Zendor.com, a Manchester, U.K.-based leading provider of fulfillment, customer care and e-commerce solutions.
“The acquisition of Zendor provides GSI with the opportunity to integrate Zendor’s leading fulfillment and customer care capabilities with GSI’s proven e-commerce technology solution,” said Steven Davis, president and managing director of GSI Commerce Solutions International S.L. “We are excited to offer U.K. and global retailers and brands comprehensive, end-to-end e-commerce solutions that have demonstrated success for our partners in the United States. This acquisition not only allows us to provide an end-to-end solution for the U.K.’s online market, but it also serves as the model which we will use to empower retailers and brands in establishing and building their e-commerce businesses across Europe.”
According to GSI, with the acquisition, GSI grows its global e-commerce partner base to approximately 85. GSI will acquire Zendor.com for approximately $7.9 million in cash.
The acquisition, which has been approved by the boards of directors of both companies, is expected to close within 10 to 14 days. Following the close, Zendor will be known as Zendor GSI Commerce and will maintain its offices in Manchester, England and report to GSI’s international headquarters in Barcelona, Spain.
CVS/pharmacy Nov. comps up 4.4%
WOONSOCKET, R.I. CVS Caremark today announced that same-store sales in its CVS/pharmacy division for the four weeks ended Nov. 24 increased 4.4% over the prior year period. Pharmacy same-store sales increased 4.4%, and were negatively impacted by approximately 450 basis points due to recent generic introductions. Front-end same store sales increased 4.6%.
Same-store sales at CVS/pharmacy for the forty-seven week period increased 5.7% over the prior year period. Pharmacy same-store sales increased 5.6%, while front-end same-store sales increased 6%.
Best Buy helps ease holiday shopping
MINNEAPOLIS Best Buy announced today that is launching a series of programs designed to ease the pressure of holiday shopping.
Among its initiatives to improve the shopping experience, is the company’s reassignment of about 30% of its sales floor to a new cross-trained customer assistant position, who, according to the company would enable customers to get more personal interaction during peak shopping times. The customer assistants will be supported by BlueShirts who have a better understanding in specific consumer electronics categories.
Best Buy also said that it has revamped its return policy, extending the deadline on all products to Jan. 31, 2008. According to the company, the policy even include products such as computers and digital cameras which were previously limited to 14 days.
“We start holiday planning 11 months in advance so we can provide the very best experience possible,” said Brian Dunn, president and coo at Best Buy. “Our holiday approach is focused on bringing our customers complete gift solutions by offering a wide range of products, knowledgeable sales associates, and premium service to customers whether it’s in store, online or through our phone channel.”