MARKETING/SOCIAL MEDIA

Kohl’s to open 8 p.m. Thanksgiving; digital efforts include Santa photo op

BY Marianne Wilson

Menomonee Falls, Wis. — Following the lead of rivals Macy’s and J.C. Penney, Kohl’s Department Stores announced it will open its doors at 8 p.m. on Thanksgiving Day, kicking off its Black Friday event earlier than ever.

Stores will be open for 28 hours straight – from 8 p.m. Thursday, Nov. 28 through midnight Friday nationwide.

The retailer is also offering a digital variation on the photos with Santa tradition. Starting in November, shoppers can skip the long lines to visit Santa at the mall by taking a photo at Kohl’s Snapshots with Santa in-store photo opportunity in Kohl’s stores nationwide. Customers can snap their picture against a green screen display, select a unique holiday background with Santa and share via email and social media using the Kohl’s Snapshots with Santa app.

Also new this year, and in time for the holidays, Kohl’s iPhone app will feature a new savings wallet, giving shoppers the ability to track Kohl’s Cash right on their phone.

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REAL ESTATE

Sports Authority makes Puerto Rico debut with new format

BY Staff Writer

Englewood, Col. — Sports Authority has debuted a new format at its first-ever store in Puerto Rico. The store, in Ponce, opened on Oct.19.

The 35,000-sq.-ft. location features an “intuitive” that makes it easier than ever for customers to find exactly what they need, the retailer said. With specialty sport shops and a spacious new layout, the store was designed specifically to enhance the shopping experience.

“We are excited to celebrate the grand opening of our first Puerto Rico location,” said Michael E. Foss, CEO of Sports Authority. “We admire Puerto Rico’s sporting legacy and are excited to introduce the brand to a new market. We look forward to providing great value and outstanding service to the families, athletes and fans in the Ponce community.”

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FINANCE

Report: RadioShack gets loan from GE Capital

BY Marianne Wilson

New York — RadioShack has secured a financial boost from GE Capital, securing a loan of about $835 million, according to Marketwatch.com.

The loan, backed by inventory and other existing assets, will help the chain refinance the company’s outstanding bank debt and free up cash for its ongoing revamp, the report said.

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