OPERATIONS

Macy’s in national rollout of Shopkick mobile rewards

BY Staff Writer

Palto Alto, Calif. — Shopkick, the location-based shopping app that rewards shoppers for walking into stores and interacting with products, and Macy’s, announced a full national rollout in more than 800 Macy’s stores of the shopping application.

The rollout was made possible through a first-time execution with Mood Media Corp., a leading in-store media solutions provider. Through its existing Mood Media audio system, Macy’s was able to instantly activate the patent-pending "Shopkick Signal," allowing Shopkick users nationwide to start receiving rewards and offers.

“We were one of Shopkick’s inaugural partners, initially offering this innovative application in select markets in 2010," said Martine Reardon, Macy’s chief marketing officer. "With this national roll-out less than two years later, we are continuing to bolster mobile efforts that enhance the shopping experience in our stores while creating an immediate and personal interaction with our customers.”

The national expansion brings Shopkick from five regions during Macy’s initial launch in 2010 to the full footprint of more than 800, adding more than 50 new markets to the program.

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FINANCE

Ralph Lauren CFO resigns

BY Staff Writer

New York — Ralph Lauren Corp. said CFO Tracey Travis has resigned to pursue other interests.

Robert Madore, senior VP finance, will assume the role on an interim basis, effective July 30, the company said in a regulatory filing.

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FINANCE

Books-A-Million announces withdrawal of acquisition proposal

BY Staff Writer

Birmingham, Ala. — Books-A-Million said its largest shareholder group, the Anderson family, has withdrawn its non-binding offer to take the company private.

The Anderson family, which owns a 53% stake in the chain, had offered $3.05 per share in cash to take the company private in April.

“After discussing the proposal with the special committee of the company’s board of directors and its advisers, the Anderson family has decided not to pursue the proposed acquisition at this time,” the company said in a statement.

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