OPERATIONS

Wet Seal terminates rights plan; offers two board seats to activist investor

BY Katherine Boccaccio

Foothills Ranch, Calif. — The Wet Seal Inc. said Thursday it has dropped its temporary shareholder rights plan, citing feedback from stakeholders, and has proposed to expand its board to include two nominees of activist investor Clinton Group.

In July, Clinton Group, which owns approximately 7% of Wet Seal, called for a sale of the retailer, expressing dissatisfaction with its performance, and made a play for four seats on the board. In response, the retailer adopted a temporary shareholder rights plan with a 10% trigger.

Wet Seal said its two board members are former Wet Seal CEO Kathy Bronstein and John Goodman. It has offered to add two more directors with retail experience from among Clinton’s proposed slate.

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OPERATIONS

Dick’s Sporting Goods launches mobile app

BY Katherine Boccaccio

Pittsburgh — Dick’s Sporting Goods said Thursday it has launched a new mobile application for iPhone and Android smartphones.

The new app gives users access to Dick’s ScoreCard rewards program, along with location services, social networking and mobile shopping capabilities. It also features built-in barcode scanner functionality, allowing shoppers to scan product and marketing QR codes in-store and access information including product description, news, price and user reviews.

The Dick’s mobile app is free and available from the App Store on iPhone and iPod Touch as well as from Google Play or for both platforms by visiting Dickssportinggoods.com/app.

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S.Walker says:
Jan-17-2013 11:38 am

i like to see it lap the miles http://www.sportsinfestival.com/ http://www.sportsfestivalshow.com/ http://www.arnold-sports-festival.com/

M.Strom says:
Sep-24-2012 12:25 pm

It was a long expected move and definitely fills a big need. PC repair Fort Lauderdale

M.Strom says:
Sep-24-2012 12:25 pm

It was a long expected move and definitely fills a big need. PC repair Fort Lauderdale

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Target, Walgreens sport top retail apps for Apple’s new iPhone 5

BY Michael Johnsen

San Francisco — As consumers await the debut of Apple’s iPhone 5, two retailer applications are now ranked among the Top 20 “bestsellers” free apps as ranked by Apple.

Target ranks No. 8 overall and Walgreens No. 10 as of Thursday.

Target version 5.5.1 now allows users to receive coupons directly in the app and scan them in the store and is compatible with Apple’s latest iPhone operating system iOS 6. And now search results on the Target app can be filtered by price, in-store or online availability and color.

Walgreens version 3.2.1 brings to life the company’s just-introduced loyalty card program Balance Rewards with the new update.

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M.Strom says:
Sep-24-2012 12:38 pm

iPhone 5 is the thinnest, lightest and fastest iPhone ever - and that's all. Nothing really new - on the other hand, applications look great. bridesmaid

M.Strom says:
Sep-24-2012 12:38 pm

iPhone 5 is the thinnest, lightest and fastest iPhone ever - and that's all. Nothing really new - on the other hand, applications look great. bridesmaid

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