FINANCE

Office Depot Faces Shareholder Suit

BY CSA STAFF

Boca Raton, Fla., Alocal law firm has filed a suit against Office Depot on behalf of its shareholders, alleging violations of federal securities laws, according to the South Florida Business Journal. Office Depot did not comment on the report.

According to the suit, filed by Boca Raton, Fla.-based Saxena White P.A. in the U.S. District Court for the Southern District of Florida, Office Depot issued false and misleading statement regarding its positive financial results, the strength of its assets and prospects for future growth. Then, on Oct. 29, the Delray Beach, Fla.-based office-supply company said it delayed the release of its third-quarter earnings because of an independent review by the audit committee of its vendor program funds concerning the timing of revenue recognition and the accounting for certain vendor payments.

The suit seeks class-action status and damages on behalf of all investors who bought Office Depot stock between April 26, 2006, and Oct. 26, 2007.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Meijer selects Oneupweb for online marketing

BY CSA STAFF

TRAVERSE CITY, Mich. Meijer has chosen Oneupweb, a provider of inegrated marketing solutions, to develop a pay per click campaign focused on strengthening Meijer’s national brand value, sales and brand loyalty online.

According to the companies, Oneupweb was hired by Meijer to help increase traffic and conversion rates on Meijer.com, Meijer’s recently launched e-commerce site. In addition, Oneupweb was chosen to help Meijer build its reputation as an online retailer.

“We researched several companies, but what drew us to Oneupweb was the breadth of services offered, particularly in SEO [Search Engine Optimization] and SEM [Search Engine Marketing],” says Elizabeth Truman of Meijer’s e-commerce marketing and promotions department. “Oneupweb is upfront, easy to work with and provides us with a wealth of great information.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

PacSun debuts social network for athletes

BY CSA STAFF

SAN DIEGO Pacific Sunwear Stores has launched a new online social community on Loop’d Network, a social media platform exclusively for online sports communities. According to Loop’d Network, The PacSun community (www.pacsunteam.com) will offer sponsorship opportunities to amateur surfers, skaters and snowboarders and provides a forum for them to interact with other athletes, fans and enthusiasts.

Weve always respected PacSuns commitment to the action sports community, and are again witnessing this dedication as PacSun actively seeks to sponsor up-and-coming surf, skate and snowboard athletes, said Scott Tilton, ceo of Loopd Network. We are thrilled to provide a sponsorship and community solution to PacSun, the countrys largest action sports retailer, so the company can connect with its customers in new and exciting ways. 

The PacSun community will enable Pacific Sunwear to find and engage with various member of the action sports world. According to Loopd Network, its business marketing tools, which include sophisticated Web analytics, will be used to enhance the PacSun Team community experience and measure online campaign results.

Weve grown our online business by focusing on the needs of our customers and adapting our business to the latest social and technological developments, said Stacy Clark, senior director of e-commerce at Pacific Sunwear Stores. Our partnership with Loopd Network is a great compliment to this approach. It provides both a platform to build a broad-reaching sponsorship program and a set of tools and services that drive community growth. 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...