Sears Canada to Add More Pop-Up Stores
Toronto Sears Canada Inc. is looking to open more pop-up stores for this year’s back-to-school season, according to a Global and Mail report.
To cater to those looking for school supplies and clothing, the temporary units will be located near colleges and universities.
Sears CEO officer Dene Rogers said during the company’s annual meeting in Toronto on Thursday that the move is a part of a bid to make the retailer “more relevant” to Sears shoppers, and boost overall business, the report said.
Sears Canada tested pop-up locations last fall and the company has said that they have been successful, according to the report.
Sharper Image agrees to sell company
SAN FRANCISCO Sharper Image reported that it has decided to pursue a sale of its business and assets pursuant to the provisions of the bankruptcy code and will solicit indications of interest from potential acquirers.
The company notified interested parties that any sale will be subject to approval of the bankruptcy court having jurisdiction of the company’s chapter 11 case.
The company said it intends to complete the sale process and seek approval of the sale by the bankruptcy court by the end of May 2008.
Robert Conway, ceo, said that “given the present retail climate and specialty nature of the company, as well as the limited financing available to the company, a sale of its business and assets at this time will preserve values and yield the best recovery to the company.”
Supervalu offers incentives for rebate use
MINNEAPOLIS Supervalu is encouraging customers to spend their stimulus or tax refund checks in its stores by offering gift cards in $300 increments with an extra $30 added to each card. The offer is available May 2 through July 31, at all Supervalu stores.
“We recognize that in today’s economy, consumers’ budgets are strained,” said Jeff Noddle, Supervalu chairman and ceo. “At the same time, however, they still want to feed their families fresh and healthy meals, affordably. We’re always looking for ways to help our shoppers stretch their food dollars even further, and this is a program that we hope can help them achieve that.”