FINANCE

Report: Billionaire buys Tokyo Tiffany Building

BY Dan Berthiaume

New York — Masayoshi Son, billionaire founder of tech/telecom company SoftBank Corp., has reportedly won bidding for the Tiffany Building in the Ginza shopping district of Tokyo. According to Forbes, Son paid about $36 million for the 10-story glass building.

The Tiffany Building houses the flagship Japanese store of Tiffany & Co. Son did not comment on why he bought the building.

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Fitpulse Studio by Sears integrates Netpulse One platform

BY Dan Berthiaume

Hoffman Estates, Ill. – Sears Holdings will integrate the Netpulse One digital platform into its FitStudio by Sears online fitness offering.

FitStudio by Sears is an online community providing resources such as exercise programs, video workouts, and expert advice. NetpulseOne will enable FitStudio to deliver an enhanced customer experience by providing the ability to connect to fitness equipment, mobile apps and personal fitness devices as well allowing FitStudio members to set goals and participate in challenges and events.

The NetpulseOne platform will provide FitStudio community members with new tools to track their fitness and nutrition with third-party apps and devices like FitBit, MapMyFitness, BodyMedia, and MyFitnessPal. In additionally, Netpulse’s xID identity system is integrated in many treadmills and other fitness equipment so customers can sync and track fitness activity from their Sears-purchased fitness equipment as well as the equipment in their local fitness center.

"NetpulseOne services will help motivate FitStudio members by providing them the ability to create and track fitness goals, join local and national challenges, and recognize accomplishments," said Chris Westall, GM /director, e-commerce experience at Sears Holdings. "We are excited to be working with Netpulse and look forward to continuing to expand the integration of our use of the platform to engage members with our brand and connect to other services like our Shop Your Way rewards platform."

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FINANCE

Class action suits filed against Francesca’s

BY Dan Berthiaume

New York – At least three law firms and a settlement claims filing service have filed class action suits on behalf of purchasers of Francesca’s Holdings Corporation common stock during the period between March 20, 2013 and September 3, 2013. Suits filed by law firms Morgan & Morgan, Federman & Sherman, and Ryan and Maniskas, LLP, as well as by The Shareholders Foundation, Inc., in the District Court for the Southern District of New York allege violations of federal securities laws in regard to poor second quarter financial results released on Sept. 4, 2013.

The poor results caused Francesca’s Holdings shares to lose nearly 25% of their value. In addition, the law firm of Harwood Feffer LLP is investigating potential claims against the board of directors of Francesca’s Holdings Corporation concerning whether the board has breached its fiduciary duties to shareholders.

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