FINANCE

Report: Elizabeth Arden hires Goldman to help possible sale

BY Dan Berthiaume

Miramar, Fla. – Elizabeth Arden has reportedly hired Goldman-Sachs Inc. to help contact private equity firms and other possible buyers. According to Bloomberg, Elizabeth Arden is undergoing a sales process but has not made any definitive deals and may not wind up selling itself.

The move to hire Goldman-Sachs comes after reports indicating that South Korean CPG firm LG Household & Health Care Ltd. was considering a takeover bid for the retailer.

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MARKETING/SOCIAL MEDIA

Report: Retailers miss mobile push opportunity

BY Dan Berthiaume

San Francisco – Although 77% of top online retailers have published a mobile app and 62% of them prompt users to opt into push notifications, many of them are missing a significant opportunity to perform push communications. According to new data from mobile analytics provider Other Levels, only 31% of the top 100 online retailers actually sent a message through push notification.

However, Other Levels data shows that 70% of consumers are open to receiving mobile push notifications. Additional findings include:

• Only 16% of top 100 online retailers have a mobile app with social media integrated login capabilities;

• Less than 2% of top 500 online retailers have a mobile app with a rich-inbox; and

• Only 40% of the top 100 online retailers request users opt in to share the device’s GPS location.

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OPERATIONS

Office Depot to shutter Canadian OfficeMax Grand & Toy stores

BY Dan Berthiaume

Toronto – OfficeMax Grand & Toy, an affiliate of Office Depot, Inc., will close all of its 19 Canadian retail stores. OfficeMax Grand & Toy will continue to service its business customers via the company’s e-commerce website, customer service centers and direct sales representatives.

The 19 retail outlets, located in Ontario, Alberta, British Columbia and Manitoba, will begin closing in the next few months. Approximately 160 employees, both full time and part time, will be impacted by the store closures. The retailer said only 3% of its sales come from in-store walk-ins.

“We are concentrating our efforts on ways to better serve our customers in response to their changing business needs,” said Simon Finch, general manager, OfficeMax Grand & Toy. “Our customers overwhelmingly prefer an online experience because it offers more products, a constantly growing selection, and convenient door-to-door delivery.”

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