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Owner of Mandee and Annie Sez files Chapter 11, citing impact of Superstore Sandy

BY Marianne Wilson

New York — Big M Inc., which operates Mandee and Annie Sez stores, has filed for Chapter 11 bankruptcy protection. The New Jersey-based retailer cited the impact of Superstorm Sandy, which resulted in closures that affected its stores, corporate office and distribution center for more than a week. The company cited liabilities of between $50 million and $100 million, along with assets of the same amount.

According to documents filed with the U.S. Bankruptcy Court, three of the company’s stores were closed for one month and have since re-opened with only limited operations. BigM said it has only received a portion of its insurance claim in advance, straining liquidity to the point that it could no longer satisfy its debt obligations.

“If the insurance companies had been working with us through the process, we wouldn’t be in this position,” Alan Mandelbaum, CEO, Big M, told The New York Post. “We’re very disappointed. We were making significant progress.”

The privately held company, which is owned by the Mandelbaum family, has secured $13.2 million in bankruptcy financing from Salus Capital Partners. It is asking for bankruptcy-court approval of the loan, meant to allow Big M to continue operations during its Chapter 11 restructuring The company plans to keep its 129 stores open during the reorganization process.

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P.Rogers says:
Mar-28-2013 10:45 am

The company faces a tough road ahead because of intense competition. And what concerns me most are the employees. They are the most affected with this downfall of the company. - Kale Flagg

P.Rogers says:
Mar-28-2013 10:45 am

The company faces a tough road ahead because of intense competition. And what concerns me most are the employees. They are the most affected with this downfall of the company. - Kale Flagg

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Target unveils year-round price match of online retailers

BY Katherine Boccaccio

Minneapolis — Target Corp. said Tuesday it plans to price-match top online retailers year-round, including Amazon.com, Walmart.com, BestBuy.com and Toysrus.com (including Babiesrus.com).

Target stores will also price-match items found on Target.com, the company said.

The new policy launches immediately, and allows shoppers to competitively shop the retailer. If a shopper buys a qualifying item at a Target store and then finds the identical item for less in the following week’s Target circular or within seven days on Target.com, Amazon.com, Walmart.com, Bestbuy.com or Toysrus.com or in a local competitor’s printed ad, Target will match the price under the newly launched policy.

“We know that our guests often compare prices online,” said Gregg Steinhafel, CEO.

Target introduced its first price-match policy, called the Low Price Promise, in 2009 and began matching select online competitors for the first time this holiday season.

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S.Gacho says:
Mar-22-2013 04:18 am

The second largest discount retailer in Minnesota. and Ranked 38 on Fortune 500 last 2012. - J. Kale Flagg

S.Gacho says:
Mar-22-2013 04:18 am

The second largest discount retailer in Minnesota. and Ranked 38 on Fortune 500 last 2012. - J. Kale Flagg

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American Apparel’s e-commerce sales on the rise since implementing Oracle platform

BY Marianne Wilson

Redwood Shores, Calif. — American Apparel, which launched a new Oracle e-commerce platform in the fall, has continued to deliver an increase in e-commerce sales, with a more than 38% increase over the same period last year. December 2012 sales increased more than 59% over December 2011, with December coming in as the highest sales month in the history of the company’s online business.

In October, American Apparel, which manufactures and distributes merchandise as well as operating its own stores, moved its multiple e-commerce sites to Oracle’s ATG Web Commerce, a component of Oracle Commerce, to improve content management, promotions, search and transactions.

“We required an open, scalable platform with the features and functionality to support us now and in the future,” said Stacey Shulman, CIO, American Apparel. “As we continue to grow sales worldwide, the Oracle solution will enable us to personalize and enhance the customer experience online, streamline service and introduce more international sites.”

The solution provides American Apparel’s business teams with a visual interface that simplifies the job of managing content, adapting page layouts and creating promotions for different customer groups and regions. American Apparel will use Oracle to present customers with personalized content and customized search options, helping to accelerate selections by presenting items that the consumer prefers.

As American Apparel continues to drive growth and expand to new markets, the retailer expects to leverage Oracle’s scalable commerce platform to optimize operations and the customer experience.

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williamson says:
Mar-30-2013 09:37 am

The solution provides American Apparel’s business teams with a visual interface that simplifies the job of managing content, adapting Here page layouts and creating promotions for different customer groups and regions. American Apparel will use Oracle to present customers with personalized content and customized search options, helping to accelerate selections by presenting items that the consumer prefers.

williamson says:
Mar-30-2013 09:37 am

The solution provides American Apparel’s business teams with a visual interface that simplifies the job of managing content, adapting Here page layouts and creating promotions for different customer groups and regions. American Apparel will use Oracle to present customers with personalized content and customized search options, helping to accelerate selections by presenting items that the consumer prefers.

S.Jhon says:
Feb-08-2013 02:36 pm

This Is Good One.... E Commerce Plays A Best Role In Providing A Regular Source Of Income to Its Users.Your Share4d Information Regarding Oracle Platform On E Commerce Are Good. For More Information About How Ecommerce Provides A Perfect Way Of Earning, You Just Need To Visit http://www.bit-cart.com/ .

S.Jhon says:
Feb-08-2013 02:36 pm

This Is Good One.... E Commerce Plays A Best Role In Providing A Regular Source Of Income to Its Users.Your Share4d Information Regarding Oracle Platform On E Commerce Are Good. For More Information About How Ecommerce Provides A Perfect Way Of Earning, You Just Need To Visit http://www.bit-cart.com/ .

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