FINANCE

Report: Investor says Men’s Wearhouse still exploring options

BY Staff Writer

New York — The Men’s Wearhouse and Jos. A. Bank Clothiers saga continues with reports that Men’s Wearhouse will review a previously rejected merger with Jos. A. Bank Clothiers.

Eminence Capital LLC, Men’s Wearhouse largest single shareholder, said the retailer is still exploring its strategic options, including a possible merger with Jos. A. Bank, the Associated Press reported. The New York-based hedge fund has urged the retailer to quickly engage with Jos. A. Bank over the merger offer that Men’s Wearhouse turned down in October.

In a letter to Men’s Wearhouse CEO Doug Ewert, Eminence CEO Ricky Sandler wrote that he was encouraged to learn after speaking with him that Men’s Wearhouse is still reviewing its options.

"We also fully expect you and the board, given the explicit commitment to explore all options, to actively engage with Jos. A. Bank before their deadline of November 14, 2013," Sandler wrote.

It was the second letter Eminence made public. Earlier this month it wrote the retailer urging it to consider a sale of the business.

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STORE SPACES

Safeway installing Bettery’s in-store ‘Swap Stations’ for batteries

BY Marianne Wilson

Portland, Ore. — Bettery announced that it has teamed up with Safeway to give consumers a convenient way to adopt reusable household batteries, not only reducing their environmental footprint but also saving them money.

Bettery Swap Stations – kiosks for purchasing and exchanging rechargeable batteries – are being installed this month at multiple Safeway locations, starting with stores in Portland, Seattle and surrounding communities.

"At Safeway we are constantly looking for innovative partners like Bettery who can help us create cleaner and healthier communities," said Steve Frisby, president of the Northwest Division of Safeway. "We’re confident that together with Bettery we can dramatically reduce the number of batteries that end up in landfills while giving our customers a great option for powering all of their household gadgets."

More than 2.5 billion landfill-clogging household batteries are thrown away in the U.S. every year. The Swap Stations allow for easy purchase and exchange of reusable AA and AAA batteries and serve as a drop-off site for recycling traditional single-use AA and AAA alkaline batteries.

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News

Safeway installing Bettery’s in-store ‘Swap Stations’ for batteries

BY CSA STAFF

Portland, Ore. — Bettery announced that it has teamed up with Safeway to give consumers a convenient way to adopt reusable household batteries, not only reducing their environmental footprint but also saving them money.

Bettery Swap Stations – kiosks for purchasing and exchanging rechargeable batteries – are being installed this month at multiple Safeway locations, starting with stores in Portland, Seattle and surrounding communities.

"At Safeway we are constantly looking for innovative partners like Bettery who can help us create cleaner and healthier communities," said Steve Frisby, president of the Northwest Division of Safeway. "We’re confident that together with Bettery we can dramatically reduce the number of batteries that end up in landfills while giving our customers a great option for powering all of their household gadgets."

More than 2.5 billion landfill-clogging household batteries are thrown away in the U.S. every year. The Swap Stations allow for easy purchase and exchange of reusable AA and AAA batteries and serve as a drop-off site for recycling traditional single-use AA and AAA alkaline batteries.

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