FINANCE

Mattress Firm raises $105.6 million in IPO

BY Staff Writer

New York City — Mattress Firm Holding Corp. raised about $105.6 million after pricing its initial public offering at the top of its expected range.

The retailer priced the IPO of 5.6 million shares at $19 each. It had expected shares to sell initially for $17 to $19 each.

Mattress Firm said it will use most of the offering’s net proceeds — about $95 million after expenses — to repay $84.4 million in debt and pay fees to its biggest shareholder, Boston private equity firm J.W. Childs.

The remaining funds will be under for working capital and other general corporate purposes.

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OPERATIONS

Finish Line appoints digital chief

BY Staff Writer

Indianapolis — The Finish Line announced that Chris Ladd will join the company Nov. 21 as executive VP, chief digital officer. Ladd’s responsibilities will include providing vision, leadership and strategy to develop and implement initiatives across the enterprise including digital and mobile commerce, social media and other key components of the multichannel experience.

He comes to Finish Line from Lululemon, a 150-store specialty retailer of yoga-inspired athletic apparel, where he served as senior VP, Global Ecommerce.

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OPERATIONS

CVS adds news feature to mobile website

BY Staff Writer

Woonsocket, R.I. — CVS/pharmacy announced it has enhanced shopping and prescription refill functionality for its mobile site (m.cvs.com), as well as iPhone and Android apps for on-the-go customers.

Shoppers can now use mobile devices to manage their ExtraCare Rewards accounts, scan and send prescription refills and even order prints of their favorite photos.

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