Report: Manufacturer sues J.C. Penney for breach of contract
Plano, Texas – Coffee press manufacturer Bodum Group is reportedly suing J.C. Penney Co. for breach of contract. According to Reuters, Bodum filed a lawsuit in the New York State Supreme Court on Aug. 30 alleging the retailer did not live up to an agreement to build an agreed number of in-store Bodum specialty boutiques by March 2013.
Bodum also accuses J.C. Penney of installing fewer boutiques than promised once the March 2013 deadline passed and of haphazardly displaying items. The company claims it spent $2.8 million preparing for the boutiques but has not yet asked for specific damages. J.C. Penney declined a Reuters request for comment.
Wal-Mart launches smartphone trade-in
Bentonville, Ark. – Starting Sept. 21, consumers will be able to receive immediate credit toward the purchase of a new smartphone when they trade in their current smartphone at more than 3,600 participating Wal-Mart stores and Sam’s Club locations across the U.S. Wal-Mart’s trade-in program offers an immediate credit from $50 to $300 for more than 100 smartphones.
Consumers will bring their working smartphone to an electronics associate. In partnership with CExchange, the value of the smartphone will then be assessed by answering questions on the device’s condition and specifications. Once accepted, the trade-in value will be applied to a new smartphone of the customer’s choice. Wal-Mart customers can also apply the trade-in value to smartphones available with prepaid plans.
“Smartphones have become a part of our customers’ everyday lives and as new devices launch more frequently, trade-in programs are becoming more popular," said Steve Bratspies, executive VP of general merchandise for Wal-Mart U.S. "More and more, customers are choosing where they purchase new smartphones based on where they’ll get the best value for their trade-ins. Our goal is to give them more value for their old devices and the lowest price for their new one, all part of our promise to be the best destination for wireless."
In addition, customers looking to trade in electronics like tablets, MP3 players, video games, cameras, laptops and more can turn "gadgets to gift cards" on Walmart.com.
Albertson’s agrees to buy United Family
Boise, Idaho – Albertson’s Supermarkets has agreed to purchase grocery store and c-store operator The United Family. Terms of the transaction have not been released.
Albertson’s currently operates more than 600 stores in 16 states. United currently operates 50 traditional, specialty and Hispanic grocery stores under its United Supermarkets, Market Street and Amigos banners, and seven convenience stores and 26 fuel centers under its United Express banner, all in Texas. United also operates two divisions, R.C. Taylor Distributing and Praters, and one wholly owned subsidiary, Llano Logistics, which operates the company’s two distribution centers in Lubbock and Roanoke, Texas.
“During the past 97 years, the United family and leadership team have done a tremendous job in establishing and perpetuating a remarkable culture of service and commitment to fresh, quality foods throughout their stores,” said Bob Miller, CEO of Albertson’s LLC. “Their commitment to community is unparalleled. Our team feels there is an exceptional opportunity to invest in and grow their brands.”
Upon completion of the transaction, United will operate as a separate business unit under Albertson’s LLC’s corporate structure. Robert Taylor, United’s CEO, will continue to lead the company as president of the United subsidiary, reporting directly to Bob Miller, CEO of Albertson’s LLC. The transaction is expected to be complete by the end of October, subject to customary government approvals.