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Sneakerology, Sydney, Australia

BY CSA STAFF

Athletic footwear is displayed like prized museum artifacts in Sneakerology, a 600-sq.-ft.-store in Sydney, Australia. Each shoe — there are nearly 300 in total — is presented in its own plywood box on the wall. The boxes are neatly ordered and offset by half unit on each level. Each has a number that identifies the shoe inside it.

Shoppers can select the pair they like by entering the number in one of two touch screens that are located in the center of the store. The touch screens also provide information on the design and function of the selected shoe. Sneakerology was designed by Facet Studio, Sydney.

Click here for photos.

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L.Jandayan says:
Mar-07-2013 11:04 am

Authentic footwear were nice and has good quality, however it is also very expensive. When you just start the business, it is also a good strategy to get you shop an attractive design with the use of different decorations or technologies. - J. Kale Flagg

L.Jandayan says:
Mar-07-2013 11:04 am

Authentic footwear were nice and has good quality, however it is also very expensive. When you just start the business, it is also a good strategy to get you shop an attractive design with the use of different decorations or technologies. - J. Kale Flagg

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Report: Landlords object to Borders sale plan

BY Staff Writer

New York City — A report by Reuters on Tuesday said that a group of landlords have filed objections in U.S. Bankruptcy Court in Manhattan, disputing the process by which Borders Group is attempting to auction itself out of bankruptcy.

According to the nearly 20 landlords that filed objections on Friday and Monday, the plan offers no information regarding which leases would be assumed by potential buyers of Borders’ assets.

Shopping center owner Glimcher Properties, based in Columbus, Ohio, said the plan leaves landlords “in the dark,” according to court papers and reported by Reuters.

The report also said that landlords are objecting to the amount of time allowed for objecting to the fates of leases.

The proposed process includes a July 19 auction for Borders’ assets. If no initial bid is made by a Sunday deadline, however, the auction would most likely be canceled and private equity group Najafi Cos. would win by default with its "stalking horse" bid of $215 million in cash and $220 million in assumed liabilities.

Borders has made no comment on the proceedings, which will go before the court on Thursday morning.

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NCR expands platform with POS acquisition

BY CSA STAFF

DULUTH, Ga. — NCR Corporation announced that it will acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed host service solutions to the hospitality and specialty retail markets, through a cash tender offer of $28 per Radiant Systems share. The equity purchase price of $1.2 billion has been approved by the boards of directors of each company. NCR and Radiant Systems currently anticipate the transaction will close during the third quarter of 2011, subject to regulatory approval.

NCR said that with the addition of Radiant Systems, NCR will create a third core industry vertical, after its financial and retail lines of business, and establish category leadership in the hospitality and specialty retail markets.Andrew Heyman, currently COO of Radiant Systems, will oversee the new vertical.

"Radiant Systems is a logical and strategic extension for NCR, moving us into attractive fast-growth adjacent markets," said NCR Chairman and CEO Bill Nuti. "Radiant Systems has delivered 15% compounded annual revenue growth over the last five years, along with impressive margin expansion as a result of the high customer demand for its expansive software offerings. This acquisition will enable our companies to accelerate expansion through the powerful combination of each other¹s strengths and NCR’s track record of driving transformational change. We will bring together two strong teams with Radiant Systems playing a vital role in enhancing our long-term growth, margin expansion and earnings appreciation."

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