Macy’s to Sell Hilfiger Exclusively
New York City, Macy’s Inc. on Friday said it agreed to be the exclusive department store retailer for Tommy Hilfiger U.S.A’s men’s and women’s sportswear in the United States, beginning fall 2008.
Under terms of the deal, Macy’s will expand Hilfiger merchandise in every Macy’s division and on macys.com. It will increase the number of Hilfiger shops in high-volume Macy’s stores, renovate and upgrade existing shops and feature Hilfiger collections in its marketing campaigns.
The companies will also work together on new ventures and brand extensions, Macy’s said. Tommy Hilfiger will also continue to operate its own freestanding stores and sell its products on tommy.com.
Macy’s said offering the brand on a more exclusive basis will set it apart from other department stores.
Financial terms were undisclosed.
FTC, Whole Foods battle rages on
The Federal Trade Commission refuses to back down from its fight against Whole Foods Market. On Monday, the FTC filed a motion with the U.S. Court of Appeals for the District of Columbia Circuit, opposing Whole Foods motion to dismiss its case before the Appeals Court as moot.
In the motion, The FTC claimed that Whole Foods merger with Wild Oats could still be found to be in violation of antitrust laws. Adding that Whole Foods itself admitted that though the merger was consummated on paper, does not mean the combining of the two companies is finished.
The FTC is seeking a prompt briefing schedule in order to move the case forward quickly.
In August, the merger between Whole Foods and Wild Oats closed, and Whole Foods purchased 84.1% of Wild Oats’ outstanding common stock in a cash tender offer of $18.50 per share.
Sam’s Club brings the holiday bling
BENTONVILLE, Ark. Sam’s Club today announced the launch of a new jewelry collection valued at more than $2 million. The collection is available online at samsclub.com with an assortment of complementary pieces also in Clubs nationwide, the company reported.
During the holiday season, Sam’s Club is offering exclusively two so-called “Important Jewels,” an industry term for diamonds and other high-end jewelry, rarely found outside jewel salons and auction houses. The pieces include an asscher cut diamond ring, valued at $347,368, and square emerald cut drop earrings, priced at $210,256.
The items are currently available for preview online, Sam’s Club reported, and will be available for Sam’s Club members to purchase on Nov. 8.
“Our team and suppliers tracked down the season’s must-have diamonds, gemstones and pearls,” says Tina Corley, senior diamond buyer for Sam’s Club. “We’ve taken the best looks from the runway to the red carpet and turned them into real possibilities at Sam’s Club prices for our members.” Corley adds, “More and more people are discovering the quality and value of Sam’s Club jewelry regardless of their budget. It’s not uncommon to save approximately 30% to 50% on general merchandise at Sam’s Club, and that includes jewelry.”