FINANCE

Mattress Firm Closes Deal

BY CSA STAFF

Houston, Mattress Firm has completed its acquisition of rival mattress retailer Mattress Pro. Financial terms of the deal were not disclosed.

Mattress Firm’s total store count nationwide totals more than 440 stores in 36 markets.

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FTC, Whole Foods battle rages on

BY CSA STAFF

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.

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Sam’s Club brings the holiday bling

BY CSA STAFF

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.”

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