Report: G-III loses interest in Jones Group
New York – G-III Apparel Group is reportedly no longer considering a purchase of Jones Group. According to Women’s Wear Daily, G-III, which in October 2013 was said to be close to reaching a deal to buy Jones Group, decided purchasing the apparel retail conglomerate would require taking on too much debt.
There is no word yet on whether this development will have any impact on reported plans by private equity firm Sycamore to purchase Jones Group’s shoe business. None of the companies involved has made any public comment on the situation.
Best Buy opens many stores 6 p.m. Thanksgiving
Richfield, Minn. – Best Buy is the latest major retail chain to prepare for an early start to Black Friday. More than 1,000 Best Buy stores in 47 states will open their doors at 6 p.m. Thanksgiving night and stay open till 10 p.m. on Friday, Nov. 29.
Because of laws in Maine, Massachusetts, and Rhode Island, stores in those states will not open until Black Friday. A small number of additional locations across the country may have varied hours because of county or municipal laws. Best Buy and Best Buy Mobile stores located in shopping malls may have their hours adjusted based on the operating hours of the mall. Best Buy Mobile stores not located in malls will open at 6 p.m. on Thanksgiving.
Belk plans 8 p.m. Thanksgiving opening
Charlotte, N.C. — Belk stores will open at 8 p.m. on Thanksgiving Day. From 8 p.m. Thursday, Nov. 28 through 1 p.m. Friday, Nov. 29, stores will offer more than 350 early bird specials while quantities last The promotion will feature hundreds of special deals in every department.
The first 250 customers at each store at the 8 p.m. opening on Thanksgiving will receive a free Belk gift card with a value ranging from $5 to $1,000, and with a guaranteed $1,000 gift card winner in each of the company’s 301 stores.
"Thanksgiving is a holiday centered around good food, family and friends," said Jon Pollack, Belk, Inc. executive VP, sales promotion, marketing and e-commerce. "Over the years that tradition has evolved into one that includes shopping and other activities that families enjoy together outside of the home. It’s in response to that trend that we open our doors to customers at 8 p.m. on Thanksgiving night for their shopping convenience. The Belk After-Thanksgiving Sale is our biggest, most exciting event of the season and an opportunity for customers to purchase their favorite brands and gift items at incredible savings."
Other retailers planning to open stores at some point on Thanksgiving include Kmart, Sears, Macy’s, Kohl’s, Toys “R” Us, J.C. Penney, and Best Buy.