FINANCE

Oxford acquires Lilly Pulitzer

BY CSA STAFF

Atlanta — Oxford Industries has acquired Sugartown Worldwide, the owner of the upscale women’s lifestyle brand Lilly Pulitzer, which sells to better specialty and department stores as well as through its stores and other direct to consumer channels.

Jim Bradbeer, president of the Lilly Pulitzer Group, said: "It is worth mentioning that we were not marketing the company when Oxford called us earlier this year. We have been approached by interested parties many times in the past but never felt that any were the right partner for us. We believe that joining forces with Oxford will enable us to best pursue our vision for the brand and to continue on our growth trajectory."

Oxford Industries is an international apparel design, sourcing and marketing company with a diverse portfolio of owned and licensed brands and a collection of private label apparel businesses. Oxford’s brands include Tommy Bahama and Ben Sherman.

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OPERATIONS

Dillard’s to open Internet distribution center

BY CSA STAFF

Maumelle, Ark. — Dillard’s announced it will locate an Internet fulfillment center in Maumelle, Ark., to support the continuing growth of its online business. The company has signed an agreement to purchase the former Target distribution facility and will create over 300 new jobs in the Central Arkansas area.

The new center will utilize the latest in fulfillment and distribution technology, including the highly advanced use of robotics combined with improvements in ergonomics, noise reduction and safety. The environmentally friendly features of the new facility include less power consumption due to reduced conveyor usage, as well as advanced, energy-efficient lighting systems.

Dillard’s expects the Maumelle Internet fulfillment center to be fully operational in late 2012. The retailer currently operates six distribution centers, including one in Mabelvale, Ark., and an Internet fulfillment center in Nashville, Tenn.

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News

Lowe’s first national retailer to offer Energy Star-rated LED bulb

BY CSA STAFF

MOORESVILLE, N.C. -Lowe’s announced that it is the first national retailer to offer consumers the industry’s first and only Energy Star-rated LED A-Line bulb.

The GE Energy Smart 9-watt LED light bulb is rated to last more than 22 years, according to Lowe’s, and is priced at $34.98.

“The addition of the first Energy Star-rated LED bulb to our lighting line exemplifies Lowe’s commitment to providing our customers energy-efficient choices for their homes,” said Karena Bailey, Lowe’s merchandising vice president. “Lowe’s offers more in-stock ENERGY STAR lighting than any other home improvement retailer, and this innovation in LED technology provides exceptional value for our consumers, helping them save money and energy over the bulbs’ lifetimes.”

The new LED bulb features:

a soft white light (3,000K) and 80 color-rendering index;

instant full brightness like incandescent and halogen bulbs;

a 77% energy savings compared with a 40-watt incandescent bulb; and

a rated life of over 22 years when operated 3 hours per day.

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