FINANCE

Linens ‘n Things Name Lives On

BY CSA STAFF

Northbrook, Ill. Linens ‘n Things, which closed its doors at the end of 2008, is getting a second chance after two investment firms agreed to purchase the retailer’s name and logo for $1 million.

During a bankruptcy auction earlier this month, retail liquidators Hilco Consumer Capital and Gordon Brothers Brands won the rights to the company’s intellectual property, including software, technology and marketing material, according to a Hilco spokesman.

The companies plan to license the name to other retailers, with the idea that they will create in-store shops to market merchandise under the Linens ‘n Things brand.

Both investment companies, which were part of a group of six liquidators that ran the retailer’s going-out-of business sales, have recently bought trademarks of  other bankrupt companies, such as The Sharper Image and Bombay Co.

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Staples expands ink, toner recycling program

BY CSA STAFF

FRAMINGHAM, Mass. Staples announced that beginning Feb. 1, it will expand its ink and toner recycling program to award $3 in Staples Rewards on any brand of type of ink toner to customers who recycle these products.

In 2008, the company recycled more than 22 million ink and toner cartridges. With this program expansion, Staples expects to recycle more than 30 million cartridges in 2009 and become the world’s largest ink and toner recycler.

This expanded recycling program will make it even easier for customers to recycle their ink and toner cartridges while providing new ways to save money and be more eco-friendly. Customers can simply bring empty cartridges to any Staples store, each of which will earn them $3 back in Staples Rewards or Staples Teacher Rewards, on up to 10 cartridges per calendar month. Ink and toner recycling Staples Rewards are sent monthly and can be used on any Staples purchase in store, online or over the phone.

“The emergence of user-friendly ink and toner recycling programs like the one Staples is offering is an important step in helping Americans make more environmentally-friendly choices in their daily lives by keeping valuable products and materials out of the waste stream,” said Matt Hale, director of the Office of Resource Conservation and Recovery of U.S. EPA.

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New competition in Walmart’s backyard

BY CSA STAFF

Target competes with Walmart in virtually every market where its 1,684 stores are located. But this spring, one market of particular interest will be Rogers, Ark.

The rapidly growing community in the Northwest corner of the state is adjacent to the town of Bentonville, where Wal-Mart’s headquarters are located. Target’s new store set to open March 8 is the retailer’s first in Benton County, and the closest to its arch rival’s headquarters. Previously, if Wal-Mart’s home office employees or its suppliers wanted to conduct competitive store visits, they traveled south to Washington County and the town of Fayetteville, where Target has operated a discount store for the past 10 years.

Target’s newest unit at 2404 Promenade Boulevard is adjacent to the new Pinnacle Hills Promenade mall. The new mall was a godsend to area residents hungry for convenient alternatives to shopping at Walmart, and that is likely to be the case with Target as well.

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