MARKETING/SOCIAL MEDIA

Lowe’s partners with Scotts, HelloWorld for March Madness promo

BY Dan Berthiaume

North Wilkesboro, N.C. – Lowe’s is partnering with lawn product provider Scotts and digital agency HelloWorld to run an online promotion tied to the NCAA “March Madness” college basketball tournament. By utilizing the rich engagement platform of HelloWorld, participants fill out a form to register and select who they think the final four teams in the tournament will be.

If they choose the final four teams correctly, they’ll be entered to win a trip to watch them play. In addition to the trip, participants will be entered to win a variety of other prizes. Customers can participate via a dedicated webpage or also through Facebook.

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OPERATIONS

IHL: Mobile POS shipments in North America to double

BY Dan Berthiaume

Franklin, Tenn. – The growth of new mobile device shipments is expected to grow 95% worldwide and more than double (108%) in North America during 2014. According to IHL Group’s Mobile POS Vendor Database, 47% of total mobile POS shipments in 2013 Worldwide were iOS devices, with Android at 33% and Windows 8 at 12%.

IHL analysis shows the differences are in growth rates. iOS is expected to grow slower than the overall market for 2014 (due to tough comparisons) while Android (+104.6%) and Windows 8 (128.4%) are expected to grow at a much higher rate worldwide. Further, in North America, Windows 8 devices are projected to grow 183.9%.

Some other key highlights include the following:

• Apple has a dominant share in mobile POS today at 39.9% installed worldwide, but Motorola Solutions, Hewlett Packard, and Micros are showing the greatest shipment growth potential in 2014, in some cases tripling the growth rate. Nowhere is this greater than North America.

• 64% of current mobile POS devices are in a form factor of less than five inches in screen (phones). The move in 2014 is much more to the phablet and tablet size. In North America, 64.6% of all new mobile POS will be on phablet or larger screens in 2014.

• Both consumer grade and rugged devices are seeing strong growth worldwide, but price and device lifetime expectations vary widely by retail segments.

"The move to mobile POS in certain segments is radically changing the face of retail and hospitality, particularly mall-based retailers," said Greg Buzek, president of IHL Group. "The number of devices used by department stores, apparel and shoe stores in particular will nearly triple this year."

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FINANCE

Men’s Wearhouse extends tender offer for Jos. A. Bank

BY Dan Berthiaume

Fremont, Calif. — The Men’s Wearhouse has extended the expiration date of its tender offer for all outstanding common shares of Jos. A. Bank, in accordance with terms of the March 11 merger agreement. The offer and withdrawal rights are now scheduled to expire on April 9, 2014, unless further extended.

As of March 19, 2014, about 19.2 million shares of Jos. A. Bank common stock (including 2.1 million shares Jos. A. Bank common stock subject to notice of guaranteed delivery) had been tendered in and not withdrawn from the tender offer. On March 20, 2014, in accordance with the terms and conditions of the merger agreement, Men’s Wearhouse amended its pending tender offer to reflect the terms of the merger agreement, including reflecting the increase in the offer price of $65 and other changes contemplated by the merger agreement.

As provided in the merger agreement, if on any scheduled expiration date, any of the conditions to the tender offer are not satisfied or waived, then Men’s Wearhouse may extend the tender offer for successive periods of time up to 10 business days. BofA Merrill Lynch and J.P. Morgan Securities LLC are serving as financial advisors to Men’s Wearhouse, and Willkie Farr & Gallagher LLP is serving as legal advisor.

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