Report: Best Buy plans major iPhone promo
Richfield, Minn. – Best Buy is reportedly planning a major promotion to boost sales of the iPhone 5c and 5s the week of Oct. 13. According to TechnoBuffalo, an internal corporate memo indicates that consumers who trade in select smartphones that week will receive a $100 credit that can be used to cover the down payment on a new iPhone 5c or 5s.
Traded in phones must be undamaged and working properly. In addition, customers must sign up for a two-year plan to use the iPhone credit. Not all stores are participating and the promotion does not apply to Puerto Rico.
La-Z-Boy to buy two franchise La-Z-Boy Furniture Galleries in Ohio
Monroe, Mich. – La-Z-Boy Inc. intends to acquire two La-Z-Boy Furniture Galleries stores located in the Youngstown, Ohio, market, with combined revenue of approximately $6.5 million. The stores are located in Boardman and Howland, Ohio, and are owned and operated by independent dealers who are retiring.
The two stores will become part of La-Z-Boy’s retail operation and will bring the total company-owned store count within the retail segment to 98. The deal is expected to close in mid-November, subject to customary closing conditions. Terms of the transaction are not being disclosed.
“We are pleased to acquire the two Youngstown, Ohio, stores,” said Kurt Darrow, chairman, president and CEO of La-Z-Boy. “Given the Youngstown stores’ proximity to the company-owned La-Z-Boy Furniture Galleries stores in southern Ohio and Pittsburgh, Pennsylvania, they are a natural extension of our retail footprint in the region. In addition to realizing various synergies with our retail management team, we will service the stores from our Ohio-based, company-operated regional distribution center, which will provide for efficiencies as well as giving the stores access to a greater in-stock position, ultimately enhancing service to the end consumer.”
QVC Germany CEO to retire
West Chester, Pa. – Dr. Ulrich Flatten will retire as CEO, QVC Germany at the end of the year, after 12 years of service to the company. Under his leadership, Germany has developed into QVC’s largest European business and its second largest business outside of the United States.
In the coming months, QVC will conduct a full search to name a new leader for QVC Germany and will consider internal and external candidates for the job. Beginning in early January, Steve Hofmann, CEO, QVC Europe, will take on an interim assignment as CEO, QVC Germany during the transition.
“QVC’s success in Germany is due in large part to Ulrich’s vision, commitment and determination," said QVC president and CEO Mike George. "He oversaw the opening of every major QVC site in Germany, including our call centers in Kassel and Bochum, our Huckelhoven distribution center, and our Düsseldorf headquarters, creating more than 2,000 jobs. He played an integral role in the launch of QVC Italy and has championed global initiatives in areas ranging from human resources to IT."