Talbots, JDA Software team toward inventory improvements
Scottsdale, Ariz. — JDA Software Group, The Supply Chain Co., announced Thursday that Talbots has selected JDA Allocation to optimize product allocations at its 580 stores in the United States and Canada.
The solution is being implemented to help Talbots eliminate the manual process of creating store-specific allocations based on inventory and assortment plans for new and existing products. The retailer selected JDA Managed Services to handle the long-term, day-to-day management and operation of JDA Allocation.
“We believe the functionality of JDA Allocation will enhance our ability to allocate product to the right store at the right time,” said John Kovac, senior VP and chief information officer, Talbots.
Jones Lang LaSalle introduces new real estate tax mitigation alliance
Chicago — Jones Lang LaSalle announced it has formed an alliance with the Property Tax division within Thomson Reuters’ Tax & Accounting business to provide tax mitigation services to corporate real estate clients.
Jones Lang LaSalle’s Real Estate Tax Mitigation offering provides review, recommendations and appeal processes to manage a corporation’s real estate tax budget.
The Real Estate Tax Mitigation team annually reviews all owned and leased locations; updates and compares valuations to those imposed by taxing authorities; and supplements the review and appeal process with experts in the field.
Walgreen recommends against unsolicited offer
Deerfield, Ill. — Walgreen Co. said late Wednesday it is recommending that shareholders do not endorse an unsolicited offer from TRC Capital Corp. to buy up to 3 million shares of the drugstore chain.
The retailer said it received an offer from TRC on Nov. 3. The offer represents 0.3% of Walgreen’s outstanding stock.
Walgreen said it doesn’t endorse the "mini-tender offer," because it is set at a price below the current market price for the company’s shares and is subject to numerous conditions.