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Target Partners With Photobucket

BY CSA STAFF

Minneapolis & Denver Internet retailer Photobucket has expanded its services to include in-store printing at Target stores. Beginning Tuesday, Target is providing Photobucket guests with the option to order prints for pickup at most Target stores.

Consumers can establish a free account at www.photobucket.com, where they can upload photos, edit images and order prints, as well as share videos online. The new partnership, which links www.target.com with www.photobucket.com, will also embellish photo and video services available to Target shoppers.

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S&B Holdings to acquire Steve & Barry’s

BY CSA STAFF

PORT WASHINGTON Steve & Barry’s LLC announced that BHY S&B Holdings LLC, a newly formed affiliate of investment firms Bay Harbour Management and York Capital Management, has received Court approval to acquire to acquire substantially all assets of Steve & Barry’s. The acquisition is scheduled to be completed on Aug. 25.

Under the terms of the $163 million purchase agreement, the majority of Steve & Barry’s 276 stores will continue to serve customers nationwide. BHY S&B Holdings has made no decisions concerning which Steve & Barry’s stores will close or when, although an announcement is anticipated in the next week, the company reported.

In addition to acquiring merchandise inventories and transfer rights to Steve & Barry’s store leases, BHY S&B Holdings will acquire all Steve & Barry’s intellectual property rights, including its celebrity and brand licenses, and the company’s key facilities, including its Port Washington, New York headquarters, Columbus, Ohio distribution center, and certain overseas offices.

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AAFES commander Thurgood promoted to Major General

BY CSA STAFF

DALLAS AAFES commander Brigadier General Keith Thurgood was promoted to Maj. Gen. on Thursday, Aug. 14 in the boardroom at AAFES headquarters.

In his civilian occupation, General Thurgood serves as the director of strategy and innovation for PepsiCo, INC in financial, supply chain, logistics and systems development roles. He is responsible for the development of supply chain and logistics strategies across a 30 billion dollar enterprise.

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