REAL ESTATE

Silver Jeans to debut ‘Loft’ concept at Glendale Galleria

BY Katherine Boccaccio

Winnipeg, Manitoba — Canadian denim company Silver Jeans Co. said it will open its "loft" concept store at Glendale Galleria on Nov. 2 in Glendale, Calif.

"We put a lot of work into making sure the store environment represents our brand," says Michael Silver, CEO, Silver Jeans Co. “We’ve created an environment that has a comfortable modern feeling but also lets our guests know that we’re a historic brand with a rich 92-year history."

The Glendale Galleria Silver Jeans Co. loft is designed to provide consumers with a unique and creative denim experience – from personalized customer service via retail sales associates called “Jeaners” to sliding loft doors accessing a hanging hammock. Rustic wood paneling, a craftsman-style denim bar and vintage Western Glove Works factory photos reflect the Silver Jeans Co. heritage in the 2,113-sq.-ft. space.

The loft will feature the latest in digital technology with an innovative mobile point-of-sale system. A 6-ft. media wall displaying the latest campaign and breakthrough music videos, as well as behind-the-scenes features from Silver Jeans Co. campaign photo shoots, will be the centerpiece. The Silver Jeans Co. loft will feature eco-friendly shopping bags and host community centric events for the Glendale area.

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News

Family Dollar deploying Checkpoint EAS technology to reduce shrink

BY Marianne Wilson

Thorofare, N.J. — Checkpoint Systems announced that Family Dollar Stores has entered into a multi-year agreement that includes the deployment of Checkpoint’s electronic article surveillance solutions in all of its existing and future stores.

The rollout in the chain’s existing 7,900 stores is expected to be completed by December 2014.

For the past three years, Family Dollar and Checkpoint have been analyzing results in test stores across the nation. Based on the results, Family Dollar is installing Checkpoint’s Evolve P10 ECO solution, which is designed to reduce shrink and lower energy costs. (Evolve reduces energy consumption up to 75% over alternatives, according to Checkpoint.)

"We are encouraged by the success we have already experienced in our test stores, and I am confident that installing Checkpoint’s system in all our locations will deliver an immediate impact on our profitability by reducing our shrink and increasing sales," said Chris Nielsen, VP-loss prevention, Family Dollar.

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FINANCE

Jos. A. Bank offers to acquire Men’s Wearhouse

BY Marianne Wilson

New York – Jos. A. Bank Clothiers has put in an offer to acquire Men’s Wearhouse for about $2.3 billion in a $48 per share all-cash offer, Reuters reported.

The acquisition would create a men’s apparel powerhouse with over 1,700 stores across the nation. Jos. A. Bank said Men’s Wearhouse was reviewing the proposal, according to the report.

Jos. A. Bank is partnering with Golden Gate Capital on the offer. The investment firm would make a $250 million equity investment in the company.

In June Jos. A. Bank said it was considering strategic opportunities to enhance shareholder value, including acquisitions.

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