On Cyber Monday, Amazon Reveals Its Newest Fulfillment Center Using Robotics And High-end Technology To Speed Up Orders
EATTLE–(BUSINESS WIRE)–Dec. 1, 2014– Amazon.com, Inc. (NASDAQ: AMZN) today unveiled its eighth generation fulfillment center, which utilizes robotics, Kiva technology, vision systems and almost 20 years’ worth of software and mechanical innovations to fulfill holiday orders. The company is currently operating 10 of this new generation of fulfillment centers across the U.S.

“The Amazon fulfillment teams are dedicated to innovating in our fulfillment centers to increase speed of delivery while enabling greater local selection at lower costs for our customers. The advancements in our latest fulfillment centers hit all three of these customer desires while continuing to provide a work environment that is great for employees,” said Dave Clark, Amazon’s senior vice president of worldwide operations and customer service.
Some features of Amazon’s eighth generation fulfillment center include:
Kiva robots of which Amazon currently has more than 15,000 operating across the U.S.;
Robo-Stow, one of Earth’s largest robotic arms moving large quantities of inventory for customer order fulfillment;
New vision systems enabling the unloading and receipt of an entire trailer of inventory in as little as 30 minutes instead of hours; and
New, high-end graphically oriented computer systems for employees to use while fulfilling orders for customers.
Amazon recently announced it will hire 80,000 seasonal employees to fulfill customer orders this holiday, a 14 percent increase over last year. The company expects that thousands of those employees will stay on in regular, full-time roles.
View photos and videos of Amazon’s eighth generation fulfillment center here. Learn more about Amazon’s Cyber Monday deals here.
About Amazon
Amazon.com opened on the World Wide Web in July 1995. The company is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire phone, Fire tablets, and Fire TV are some of the products and services pioneered by Amazon.
Amazon Releases Best Deals of the Year on Cyber Monday – New Deals Every Ten Minutes
SEATTLE – Cyber Monday starts even earlier at Amazon, kicking off some of the best deals of the year on Saturday, November 29, with new deals added as often as every ten minutes. Shoppers can find eight days of savings this year filled with thousands of deals and three coveted Deals of the Day on Cyber Monday, plus: 50% off select LeapFrog toys, great deals on TVs, headphones and more.
Also new this year, Amazon is offering mobile app shoppers exclusive Lightning Deals on Cyber Monday. These deals are running throughout the day on Cyber Monday, available on the Amazon app for Android, iOS and Fire OS. Customers can download the latest version of the Amazon shopping app on an Android, Apple or Fire smartphone or tablet and find these exclusive deals on the “Today’s Deals” tab. The award-winning Amazon mobile shopping app offers customers an on-the-go shopping solution, allowing customers to go from “I want that” to “I bought that” in under 30 seconds.
The following are examples of some of the amazing deals that will be available at various times through Cyber week on amazon.com/cybermonday:
Electronics:
Sony 40-inch 1080p LED TV, $298
LG 49-inch Smart 4K Ultra HD LED TV, $999 plus 15% back in rewards (no signup required)
Samsung 40-inch 1080p LED TV, $298
15% back in rewards on select LG Smart LED Premium TVs (no signup required)
Up to $50 Amazon.com credit with purchase of SONOS wireless speakers
$30 off select Bose headphones
Kids Cameras at unbelievable prices
Top-selling digital camera, $70 off
Acer Chromebook at $149
HP 110-430 Desktop + 2371d 23-inch Monitor Bundle — $299.99
25% off new iHome Bluetooth Executive Music Station
25% off new splash-proof Philips DOT Bluetooth speakers
Toys & Games:
50% off select LeapFrog toys
Buy One, get one 50% off select Blue Orange Games
MaKey MaKey The Original Invention Kit for Everyone, $39.95
Books, Movies and Music
Up to 50% off popular books including Guinness World Records 2015, What I Know for Sure by Oprah Winfrey and The Cook’s Illustrated Meat Book
Save up to 57% on over 12,000 movies & TV shows on DVD and Blu-ray including House of Cards: Season 2, Lone Survivor, and The Dark Knight Trilogy
Kitchen:
Thermos FUNtainer Straw Bottle, 12-Ounce (Frozen Pink), $12.99
60% off Cuisinart Copper Tri-Ply Stainless Steel 7-Piece Cookware Set
More than 50% off Metrokane Houdini Wine Tool Kit
More than 50% off Instant Pot 7-in-1 Programmable Pressure Cooker
More than 50% off Mercer Culinary Renaissance 6-Piece Knife Set with Tempered-Glass Block
More than 35% off John Boos 24” x 18” x 2.25” Maple Cutting Board with Groove and Pour Spout
Tools and Home Improvement:
Nest Learning Thermostat, $199
$25 off with $100 purchase of select tools from Makita, Bosch and DEWALT
$20 off with $100 purchase of select tools from PORTER-CABLE
Up to 30% off select Jet and Powermatic Products
15% off SmartThings SmartPower Outlet with SmartThings Hub Purchase
Patio, Lawn & Garden:
33% off Miracle-Gro AeroGarden 7-Pod Indoor Garden with Gourmet Herb Seed Kit (Black)
45% off Fiskars 9124 Professional Bypass Pruning Shears
More than 50% off CobraCo SH101 Hand Hammered 100% Copper Fire Pit with Screen and Cover
Home:
Shark Navigator Lift-Away Professional Upright, $139.99
40% off Shark Steam Pocket Mop
Automotive:
Save 20% on Automatic Smart Driving Assistant
More than 60% off Clore JNC660 ‘Jump-N-Carry’ 1,700 Peak Amp 12-Volt Jump Starter
Up to 60% off Schumacher Battery Chargers and Maintainers
More than 45% off Pro Series Hitch Mounted Cargo Carrier
Up to 45% off KC HiLiTES Light Systems
Up to 40% off Rampage LED Tailgate Light Bars
Pet Supplies:
Up to 20% off select Nylabone Products
Up to 20% off select Nerf Pet Toys
Industrial & Scientific:
3D printer under $400
Wine:
Amazon Wine will feature deep discounts starting at 60% off on over 100 unique wines
Fashion:
Puffers for women, $34.99 and under
Puffers for men, $24.99 and under
Save 50-70% off cold weather outerwear and accessories for boys and girls
Save 40% off Cole Haan for men
Save 50% off Kenneth Cole Reaction boots for girls and boys
Save 50-70% off Nautica for girls
Save 60-70% off U.S. Polo Association for boys
4-piece pajama sets for girls and boys, $15 and under
Hello Kitty clothing for girls, $15 and Under
Save Up to 60% off Quiksilver for baby boys
Jewelry & Accessories:
50% off FRYE Women’s Wyatt Harness Short Western Boot
Save 60% off the Amazon exclusive Antonia Satchel from Cole Haan
Kenneth Cole Reaction leather messenger bag, $39.99
Versace “Dafne” Watches, starting at 70% off
Stuhrling Automatics, 50% off everyday price
Save 50% off Lego Movie Watch 2 pack – Batman & Superman
14K gold 0.5 carat diamond stud earrings, $299
Myia Passiello Swarovski 6 cttw Round Stud Earrings, $23.99
1928 Holiday Necklace, $19.99
Sports:
Save 25% off Withings O2 Pulse
Save 20% off the TRX Suspension Trainer
Save 25% off big logo hoodies from Under Armour
Outdoor:
Schwinn Discover Men’s Hybrid Bike, $179.99
Schwinn Discover Women’s Hybrid Bike, $179.99
Baby:
Save up to 40% off Stork Craft Dressers
Save 35% off select Graco swings, playards, and more
BABYBJORN Baby Carrier Active in white mesh, $69.99
More than 40% off The First Years True Fit IAlert C685 Car Seat (select colors)
Beauty:
Save up to $30 on Oral Care including Oral-B Electric Toothbrushes and Crest Whitening products
Save up to $100 on men’s grooming including Braun and Panasonic shavers
Save 30% off FMS-270H Foot Massager
Save 30% off Baxter of California shaver’s skincare kit
Hair styling tools including hair dryers, flat and curling irons from Remington, John Frieda, Remington, Conair, and Revlon, starting at 20% off
Save 20% off Conair Sonic Facial Skincare System
MANGROOMER body groomer and hair shaver, starting at 20% off
Save 25% off Axe toiletry bag
Save 40% off Conair P1AM sound therapy pillow
All prices available at select times and while supplies last.
Amazon Appstore Offers Over $115 in Top Paid Apps for Free and Double the Discount on Amazon Coins
Throughout the holiday season, Amazon Appstore continues to offer steals and deals on apps and games for the whole family. Available today and ending tomorrow, Amazon Appstore is offering a Free App of the Day bundle, featuring over $115 in top paid apps and games for free on Android devices, including Bike Race Pro, Sonic Jump and Docs To Go Premium Key. For a limited time, customers can save up to 20% on apps and games when they buy Amazon Coins. Amazon Coins can be spent on apps, games and in-app items. For all the gamers out there, Amazon Coins can be used to advance gameplay and save on in-app purchases like Gold in Game of War, Gems in Brave Frontier, Lollipop Hammers in Candy Crush Saga, and more. The Amazon Appstore is available directly on Fire devices, from any computer, and on Android devices in the Amazon App. Find out more at amazon.com/appstore and download the apps in the Amazon App at amazon.com/androidapp.
New Amazon Flex Gift Cards Allow for Instant Gifting
Just in time for the holidays, Amazon introduced holiday-themed “Flex Gift Cards” to solve the age-old problem of needing a gift at a moment’s notice. Amazon is including Flex Gift Cards for free in random outgoing orders this month so be on the lookout. Flex Gift Cards are inactive Amazon Gift Cards which customers can keep at home or the office and activate online at their convenience. Customers simply add the desired gift amount to the Flex Card by visiting amazon.com/activate. Once activated, the card is redeemable to any Amazon account. In addition, customers can add a 3-pack of Flex Gift Cards for free to any qualifying order of $25 or more. Flex Gift Cards can also be ordered as part of a product bundle with other gift related items such as greeting cards and gift boxes. For more information on Flex Gift Cards, see amazon.com/flexgc. Amazon.com Gift Cards are a great way to get your friends and family what they’ve always wanted, even if you don’t know what it is. Available in any amount from $0.50 to $2,000, Amazon Gift Cards are redeemable for millions of items, ship for free, and never expire.
Fast Free Shipping
Amazon offers free shipping on millions of items every day, year-round. Customers can take advantage of Free Shipping, which is available on eligible orders of $35 and over. They can also join Amazon Prime and enjoy unlimited Free Two-Day Shipping. For more information about Prime membership, customers can visit amazon.com/prime.
About Amazon
Amazon.com opened on the World Wide Web in July 1995. The company is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire phone, Fire tablets, and Fire TV are some of the products and services pioneered by Amazon.
TOYSRUS.COM Celebrates 11 Days Of Cyber Savings With Hundreds Of Deals Leading Up To Cyber Week
WAYNE, NJ – Toys“R”Us® today announced it will celebrate 11 days of savings at Toysrus.com beginning Wednesday, November 26 and continuing through Cyber Week. Those who prefer shopping from home or on-the-go can take advantage of new deals available every day on the hottest items of the season, including products that can’t be found anywhere else, ensuring they’ll secure the perfect gift for all the kids on their holiday checklists.
In addition, shoppers can power up their computers, tablets and smartphones and head to Toysrus.com knowing they will receive the same expert assistance and convenient shopping experience they would in-store, including gifting advice, loyalty rewards and more, as well as the ability to enjoy free shipping options.
“With 11 days of fantastic deals leading up to and through Cyber Week, Toysrus.com is THE online shopping destination for parents and gift-givers looking to find all the hottest toys topping kids’ wish lists, in-stock and at incredible prices,” said Paul Winslow, Vice President, General Merchandising Manager, e-Commerce Merchandising, Toys“R”Us, U.S. “Plus, with new online services and free shipping offers, we’re providing shoppers with everything they need to fulfill their little one’s wishes, wherever, whenever and however they choose to shop with us.”
Toysrus.com Kicks Off Black Friday Savings on Wednesday Night
Consumers who prefer to make their toy purchases from the comfort of home can shop the majority of the Toys“R”Us Thanksgiving Weekend deals starting at 10pm EST on Wednesday, November 26 at Toysrus.com/BlackFriday.
Cyber Week Sales Start Saturday, November 29 with New Deals Every Day through Saturday, December 6
Toysrus.com will offer deal-seekers hundreds of discounts on the season’s most sought-after playthings throughout Cyber Week. In addition to daily deals, savvy shoppers can scoop up savings during the three-day Big Brands sale from Tuesday, December 2 through Thursday, December 4, featuring kid-favorites such as Barbie®, Fisher-Price®, Frozen, LEGO®, Skylanders, Teenage Mutant Ninja Turtles and more.
The deals don’t stop there as Toysrus.com will offer a two-day event from Friday, December 5 through Saturday, December 6, providing deep discounts to gift-givers searching for that perfect present sure to “wow” kids everywhere on Christmas morning. Shoppers will find bargains on popular “big gift items” such as play kitchens, dollhouses, powered ride-ons, bikes, tablets and train tables, among others.
Cyber Week deals will be featured online at the Toys“R”Us Today’s Deals store throughout the week.
Cyber Monday Starts Early with Savings Beginning Sunday Night
Late-night shoppers can “click” on Toysrus.com for early access to Cyber Monday sales beginning at 9pm EST Sunday, November 30. Plus, new waves of deals will be added throughout the day on Monday. Shoppers can keep up with the surge of savings by visiting the Today’s Deal store starting Sunday night and all-day Cyber Monday.
Following are highlights of Cyber Monday deals available online beginning at 9pm, Sunday, November 30, as well as in-stores on Monday, December 1, while supplies last (no rain checks):
ONLY $5 each Shimmer ’n Sparkle Cra-Z-Loom™ Bracelet Maker, Cra-Z-Loom Bracelet Maker – Blue and Metallic Loom & Hook Set (Limit 2 per customer)
SAVE $20 on Teenage Mutant Ninja Turtles Battroborg® Electronic Battle Game – Was $79.99; Now $59.99
SAVE $15 each on Disney Frozen Princess & Me 18-inch Dolls (Limit 4 per customer) – Was $49.99; Now $34.99
SALE $7.99 each ALL Skylanders Spyro’s Adventure® Packs & 3-packs (Limit 2 per customer)
40% OFF Playskool® Sit ’n Spin® – Was $24.99; Now $14.99
20% OFF ALL NERF Blasters – Prices vary
Online Shopping Made EASY at Toysrus.com
From expert advice to loyalty rewards and free shipping options, Toysrus.com provides gift-givers with everything they need to complete their holiday toy shopping in a flash. The company’s enhanced online and omnichannel services include:
Live Chat: Those who choose to shop from home or while on-the-go can receive the same reliable assistance as customers in stores with Live Chat capabilities as they browse Toysrus.com in search of great gifts. Through this online service option, shoppers can ask questions and receive expert guidance in real time.
Gift Finder: Online shoppers can take advantage of the company’s new Gift Finder featuring specially selected top gifts, and narrow their search by a child’s age and interests, as well as current promotions.
Free Store Pick Up: Customers can avoid shipping costs by choosing “Buy Online, Pick Up in Store” where available and pick up their purchases at a local store in an hour or less*.
Free Shipping: Toysrus.com offers free every day shipping on purchases of $49 or more**.
Rewards“R”Us: The new loyalty program from Toys“R”Us enables shoppers to earn more points…faster! Just in time for holiday shopping, existing Rewards“R”Us members and those who sign up in-store or online at Toysrus.com/myrewards receive $5 in “R”Us Rewards for every $125 spent.
For company news and updates throughout the season, please visit “R” Holiday Press Room.
About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 876 Toys“R”Us and Babies“R”Us stores in the United States and Puerto Rico, and in more than 725 international stores and over 200 licensed stores in 36 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City. With its strong portfolio of e-commerce sites including Toysrus.com, Babiesrus.com, eToys.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 70,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at Facebook.com/Toysrus, Facebook.com/Babiesrus and Facebook.com/FAO and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.
Walmart Doubles the Number of Deals for Cyber Monday with Top Gifts up to Half Off
SAN BRUNO, Calif. – Walmart today announced plans for its biggest Cyber Week ever on Walmart.com, offering 500 online deals this year – more than double the number of cyber deals it offered last year. Cyber Week at Walmart includes incredible savings up to 50 percent on HDTVs, tablets, toys and more with free shipping.* And it’s all available on the redesigned Walmart.com that makes holiday shopping fun and easy, especially on mobile devices.
With customers looking for the best savings throughout “The New Black Friday” – five days of unprecedented deals starting on Thanksgiving Day – Walmart will kick off Cyber Week on Saturday, Nov. 29. Every day through Friday, Dec. 5, Walmart.com will offer 500 of the season’s hottest electronics, toys, apparel, home décor and more with the best deals arriving on Cyber Monday, Dec. 1. Examples include the LG 49” LED HDTV for $398 ($200 savings) and Fisher Price Little People Musical Preschool for $22 ($7.97 savings), along with other great gifts:
Samsung 55” 4K Ultra HD LED HDTV – $998 ($500 savings) online only
Double Power 7” Tablet – $37.99 ($32 savings) Walmart exclusive
PlayStation 4 Lego Batman & Little Big Planet Console Bundle with Choice of Extra Game and Controller – $449 ($189 savings) online only
2014 Holiday Barbie Doll – $25 ($9.97 savings)
Hamilton Beach 6-Speed Classic Stand Mixer – $24 ($25 savings) online only
MD Sports 2-Player Basketball Game – $65 ($94 savings) Walmart exclusive
Riders by Lee Women’s Jeans – $10 ($9.96 savings)
26″ Mongoose Beast Men’s All-Terrain Fat Tire Mountain Bike – $159 ($40 savings)
12′ Round Trampoline and Safety Enclosure – $199 ($100 savings)
Sanyo 58″ LED HDTV – $499 ($300 savings) Walmart exclusive
“The New Black Friday at Walmart is five days of unmatched savings, and it culminates on Cyber Monday where we treat customers to the biggest online savings of the season” said Fernando Madeira, president and CEO, Walmart.com. “We’re doubling down on Cyber Monday this year, offering more than twice the number of deals compared to last year, and delivering it on a new web site that makes shopping easier and faster with free shipping on the season’s hottest gifts all week long.”
With Paychecks Coming on Cyber Monday, Walmart Makes it Easy to Pay Cash for Online Orders
This year, three times as many Americans will be getting a paycheck on Cyber Monday, which comes on the first day of the month this year.* That’s good news for the millions of Walmart customers who come to Walmart stores to cash their checks each week, who can take advantage of Walmart.com’s Pay with Cash program on Cyber Monday. Walmart was the first national retailer to introduce a convenient way for customers to order online and pay for the order with cash in their local store without a banking service or a credit, debit or prepaid card. Last year, Pay with Cash usage spiked during the period between Black Friday and Cyber Monday, and so far this year, Walmart has seen usage at its highest on the first of the month. As Walmart continues to combine digital and physical retail, customers have more options and opportunities to participate in Cyber Monday and holiday shopping online this year.
More Ways to Save with Every Day Free Shipping to Home or a Store
All year long, Walmart offers free shipping to customers’ homes on orders totaling $50 or more and free pickup at Walmart stores. Additionally, Walmart offers free same-day pickup at a local store for more than 70,000 items, one of the fastest ways to receive an online order without paying a delivery fee.
New – Mobile-friendly web site experience
Mobile traffic to Walmart’s smartphone app has nearly quadrupled since last year. Just in time for the holidays, Walmart is well positioned to serve mobile customers. Walmart.com’s new web site design was built for mobile devices and makes holiday shopping faster, with tools to discover new products through personalization and enhanced search.
Customers can find more information and get a sneak peek of additional Cyber Week specials by visiting www.walmart.com/cybermonday.
About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere — in retail stores, online and through their mobile devices. Each week, more than 245 million customers and members visit our 11,053 stores under 71 banners in 27 countries and e-commerce websites in 11 countries. With fiscal year 2014 sales of over $473 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.
Macy’s Reveals a Black Friday Giveaway with a Million Dollars in Prizes Along with unbeatable doorbusters
NEW YORK– Shoppers will have even more reasons to be excited during Macy’s Black Friday Giveaway with a Million Dollars in Prizes in stores nationwide during doorbuster hours. Beginning at 6 p.m. local time on Thanksgiving Day, customers can shop the greatest deals of the weekend (all Black Friday specials were revealed today on macys.com/blackfriday), plus have a chance to win big, scoring digital gift codes that can be used instantly for Black Friday purchases. A new television spot scheduled to break on Nov. 23 features the world’s most loveable undersea character, SpongeBob SquarePants, offering his special enthusiasm to help build excitement for Macy’s Black Friday giveaway.
“This year, we’re adding another level of entertainment to our highly-anticipated Black Friday doorbusters and specials,” said Martine Reardon, chief marketing officer at Macy’s. “As customers navigate their shopping route throughout the store, they will be able to score digital gift codes offering instant wins via Macy’s mobile app. This element of surprise along with a playful new commercial featuring our official holiday ambassador, SpongeBob SquarePants, is certain to add a new element of fun to our customers’ shopping experience on Black Friday this year.”
“SpongeBob’s special brand of optimism and cheer is the perfect complement to Macy’s phenomenal Black Friday promotion that gives back to consumers in a big way,” said Pam Kaufman, chief marketing officer and president Consumer Products, Nickelodeon Group. “I’m personally excited to see Black Friday turn SpongeBob yellow.”
Using Macy’s mobile app, customers can scan QR codes in-store to enter the instant win experience during doorbuster hours, beginning at 6 p.m. Thursday, Nov. 27 through 1 p.m. Friday, Nov. 28, and Saturday, Nov. 29 from 7 a.m. to 1 p.m. Upon scanning, customers will see if they have won a digital gift code worth $10, $25, $50 or $250. At the end of each hour, a new pool of prizes becomes available and customers can play again. See rules and regulations for full details, including alternate method of entry at macys.com/million. One million dollars in digital gift codes will be given away. No purchase is necessary. Text “APP” to 62297 to download Macy’s mobile app. Customers are encouraged to download in advance. Message and data rates may apply.
This year’s Black Friday television spot centers around several customers’ enthusiastic reaction to first hearing about Macy’s “Black Friday Give-Away with a Million Dollars in Prizes.” When one family, along with SpongeBob SquarePants and his starfish sidekick Patrick, receive word about the giveaway via breaking news, they take excitement to a new level, sharing an equally exuberant response.
Fans of all ages can bring home the fun with an exclusive SpongeBob SquarePants holiday plush, complete with Patrick and Plankton finger puppets, available in-store and online at macys.com/squarepants. Only at Macy’s, this giftable item also features a special code on the hangtag that can be used to unlock exclusive content.
Starting today, customers can preview Black Friday specials online at macys.com/blackfriday and add favorites to their shopping list which is available via desktop, mobile device and tablet. They can also create custom tags to organize recipients and shop straight from their list all Thanksgiving Day on macys.com.
About Macy’s
Macy’s, the largest retail brand of Macy’s, Inc. (NYSE:M), delivers fashion and affordable luxury to customers at approximately 800 locations in 45 states, the District of Columbia, Puerto Rico and Guam, as well as to customers in the U.S. and more than 100 international destinations through its leading online store at macys.com. Via its stores, e-commerce site, mobile and social platforms, Macy’s offers distinctive assortments including the most desired family of exclusive and fashion brands for him, her and home. Macy’s is known for such epic events as Macy’s 4th of July Fireworks® and the Macy’s Thanksgiving Day Parade®, as well as spectacular fashion shows, culinary events, flower shows and celebrity appearances. Macy’s flagship stores — including Herald Square in New York City, Union Square in San Francisco, State Street in Chicago, Dadeland in Miami and South Coast Plaza in southern California — are known internationally and leading destinations for visitors. Building on a more than 150-year tradition, and with the collective support of customers and employees, Macy’s helps strengthen communities by supporting local and national charities giving more than $70 million each year to help make a difference in the lives of our customers.
Integrated Retail Services: Sears, Kmart Offer Early Doorbusters on Thanksgiving Day, Stores to Stay Open All Night
HOFFMAN ESTATES, Ill.,– For Shop Your Way members and customers looking to get a head start on holiday shopping, Sears and Kmart stores will open on Thanksgiving Day.* Members and customers can shop Black Friday deals at Sears earlier than ever – starting at 6 p.m. on Thanksgiving. Kmart, continuing a 23-year tradition as a destination for early-bird shopping and last-minute entertaining needs on Thanksgiving, will open for 42 hours straight, from 6 a.m. on Thanksgiving to midnight on Black Friday.
Holiday Hours on Thanksgiving and Black Friday:
Sears: Open from 6 p.m. on Thursday, Nov. 27 to close of business on Friday, Nov. 28
Kmart: Open from 6 a.m. on Thursday, Nov. 27 to midnight on Friday, Nov. 28
“With so many integrated retail options available – from Free Store Pickup to Pay In-Store to In-Vehicle Pickup – members will enjoy more convenient ways to shop Sears and Kmart Black Friday doorbuster deals how or when they choose,” said Leena Munjal, senior vice president, Sears Holdings. “This holiday season is all about giving more to our members and because many like to start shopping well before Black Friday, we’re excited to open our doors early on Thanksgiving and offer other early access opportunities for them to shop and save. I’d also like to especially thank our seasonal associates and those who have volunteered to share part of the day serving our members on Thanksgiving.”
Other timely holiday shopping initiatives include:
Sears Family & Friends Event to Offer Early Black Friday Shopping Opportunity
On Sunday, Nov. 9 from 6 to 9 p.m., more than two weeks before Black Friday, Sears Family & Friends event will feature a selection of Black Friday deals. The select items, including apparel, appliances, tools and footwear, will be available at Black Friday pricing plus the additional 5 to 15 percent Sears Family & Friends event discount, making it one of the best savings opportunities of the holiday season. Additional Black Friday and Sears Family & Friends discount items will be available online at sears.com from Saturday, Nov. 8 at 6 p.m. CT until Tuesday, Nov. 11 at 9 a.m. CT.
Kmart Brings Back No Money Down Layaway
After receiving an overwhelming response from Shop Your Way members, Kmart is bringing back No Money Down Layaway to help shoppers manage budgets this holiday season. Kmart No Money Down Layaway is available now through Nov. 15 both online and in-store. Shoppers can put virtually anything on layaway with no minimum purchase required. Plus, members will receive 5 percent off toys, sporting goods, jewelry and home items.
Shop Online – Ship for Free
For shoppers at sears.com or kmart.com, choosing Free Store Pickup means zero shipping costs and orders are ready in five minutes upon the customer’s arrival. Plus, earlier this year Sears and Kmart introduced a unique online/in-store collaboration to allow pick up of sears.com or kmart.com orders at any of each other’s stores – more than 1,800 locations nationwide. Sears and Kmart offer free ship-to-home this holiday season on any online purchase of $59 or more and, as always, Shop Your Way MAX members receive free two-day shipping on more than one million items.
Shop Your Way members can look forward to getting a preview of each store’s Thanksgiving and Black Friday deals at searslocalad.com or kmartlocalad.com. Plus, Sears Marketplace features endless aisles of more than 100 million items now available, making Sears one of the largest marketplaces on the web.
Follow the conversation on Twitter and Facebook about Sears holiday at #MoreMerry, Kmart at #MoreChristmas, and Shop Your Way at #MembersFirst.
*Sears and Kmart stores in Massachusetts, Rhode Island, Maine and Puerto Rico will not be open on Thanksgiving Day, per their respective state laws. Stores in Maine, Rhode Island and Massachusetts will open at 12:30 a.m. on Nov. 28. Puerto Rico stores will open at midnight on Nov. 28. In addition, stores in some jurisdictions may have different hours of operation if required by local law.
About Sears, Roebuck and Co.
Sears, Roebuck and Co., a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a leading integrated retailer providing merchandise and related services and is part of Shop Your Way, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through shopyourway.com. Sears, Roebuck offers its wide range of home merchandise, apparel and automotive products and services through Sears-branded and affiliated full-line and specialty retail stores in the United States and Canada. Sears, Roebuck also offers a variety of merchandise and services through sears.com, landsend.com and specialty catalogs. Sears, Roebuck offers consumers leading proprietary brands including Kenmore, Craftsman, and DieHard — among the most trusted and preferred brands in the U.S. The company is the nation’s largest provider of home services, with more than 14 million service and installation calls made annually. For more information, visit the Sears, Roebuck website at www.sears.com or the Sears Holdings Corporation website at www.searsholdings.com.
About Kmart
Kmart, a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a mass merchandising company and part of Shop Your Way, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through shopyourway.com. Kmart offers customers quality products through a portfolio of exclusive brands that include Sofia by Sofia Vergara, Jaclyn Smith, Joe Boxer, Route 66 and Smart Sense. For more information visit the company’s website at www.kmart.com | Sears Holdings Corporation website at www.searsholdings.com
Target Recommends Shareholders Reject TRC Capital’s “Mini-Tender” Offer
MINNEAPOLIS – Target Corporation (NYSE: TGT) received notice of an unsolicited mini-tender offer by TRC Capital Corporation (“TRC Capital”) to purchase up to 2,000,000 shares of Target’s common stock at a price of $59.00 per share in cash, without interest. The offering price is approximately 4.5 percent below the closing price per share of Target common stock on Oct. 30, 2014, the last trading day before the mini-tender offer was commenced. The offer is for approximately 0.32 percent of the outstanding shares of Target’s common stock.
Target does not endorse this unsolicited mini-tender offer and recommends that shareholders reject the offer because the offer price is below the current market price for Target shares and is subject to numerous conditions, including TRC Capital obtaining sufficient financing necessary to consummate the offer. Target also recommends that any shareholders who have tendered shares to TRC Capital withdraw those shares by providing the written notice described in the offering documentation before the expiration of the offer, which is currently scheduled for 12:01 a.m. Eastern Time on Dec. 2, 2014.
Target is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation.
TRC Capital has made similar unsolicited mini-tender offers for shares of other public companies. Mini-tender offers are designed to seek less than five percent of a company’s outstanding shares, thereby avoiding many investor protections, including the disclosure and procedural requirements applicable to most bids under United States securities laws. The U.S. Securities and Exchange Commission (SEC) has cautioned investors about mini-tender offers, noting that “some bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.” The SEC also published investor tips regarding these offers on its website at: http://www.sec.gov/investor/pubs/minitend.htm.
Target encourages brokers and dealers, as well as other market participants, to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosures on the SEC’s website at: http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.
Target urges investors to obtain current market quotations for their shares, consult with their broker or financial advisor and exercise caution with respect to TRC Capital’s offer.
Target requests that a copy of this news release be included with all distributions of materials relating to TRC Capital’s mini-tender offer related to Target Corporation shares of common stock.
About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,934 stores — 1,801 in the United States and 133 in Canada — and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom.
Walmart Says Holiday Savings Start Now ’Tis the Season for 20,000 Rollbacks, Free Shipping and more
BENTONVILLE, Ark. – Dear Santa’s elves, it’s time to start saving. Walmart is unwrapping its first round of 2014 holiday offerings, including the low prices it’s known for and its broadest assortment ever on the items customers need for gift-giving, decorating, family gatherings and every occasion in between.
On Nov. 1, the retailer will offer more than 20,000 Rollbacks on items including groceries and popular brands such as Disney “Frozen,” Teenage Mutant Ninja Turtles, Samsung, and Dell. Just two days later, Walmart is bringing back its popular 24-hour holiday cyber savings event. All season long, customers can take advantage of free shipping on millions of items* from Walmart.com.
“Helping families deliver an amazing Christmas doesn’t start on Black Friday, it starts now,” said Duncan Mac Naughton, chief merchandising officer, Walmart U.S. “As soon as they put away their Halloween costumes, our customers start prepping for Thanksgiving, buying Christmas trees and shopping for gifts. They want the best deals now and we’re here for them today, next week and throughout the season. Our strategy is simple: lead with low prices, offer the best brands, make shopping easier than ever and bring the holiday joy that only Walmart can deliver.”
Walmart has expanded its digital shelves to include 7 million items – one million more than last holiday season. Deals typically reserved for Black Friday and Cyber Monday start on Walmart.com shortly after midnight Pacific Time on Monday, Nov. 3. They include:
Sony 48” LED HDTV for $348, was $448
Nintendo 2DS Handheld Video Game System for $79, was $129
Barbie Dreamhouse for $120, was $148.82 and
Nextbook 7.85” tablet with 8GB memory for $49, was $99
The retailer will also offer hundreds of weekly online specials on electronics, apparel, home and toys. Same-day pickup in Walmart stores is available while supplies last at no additional charge. In addition, free shipping to customers’ homes is available for orders totaling $50 or more. Customers can also choose free shipping to Walmart’s more than 4,300 stores.*
“We are taking care of our customers today and all season long no matter how they shop – whether in our stores, online or on their mobile devices,” said Fernando Madeira, president and chief executive officer, Walmart.com U.S. “More than 65 percent of Walmart customers have smartphones and they look to us to provide a flexible shopping experience when, how and where they want.”
Saving Catcher Expansion and New Mobile Feature
Timed for Thanksgiving meal planning, Walmart is expanding Savings Catcher to bring even more savings to the kitchen. Beginning Nov. 2, holiday turkey and ham will be eligible for Savings Catcher, giving families confidence that they’re getting a great price on these holiday meal essentials.**
In addition, Walmart has rolled out another new feature within its mobile app. With “Search My Store,” customers can search for nearly any item carried in a Walmart store and see the item’s availability at that store, its aisle location, ratings and reviews.
“Search My Store” is currently available on Android devices and expands to iPhones by mid-November.
Holiday Inspiration and Convenience
Walmart is also offering new tools and resources to help customers shop the season, including:
Wish List: Starting Nov. 7, children and parents can build a Toy Wish List for Santa by adding their favorite toys directly from Walmart’s digital Toy Book. Wish lists can be shared on Facebook and in email with friends and family.
Holiday Hub: New this year, Walmart is sharing how-to videos, product demos, seasonal recipes and other tips across multiple platforms where customers seek holiday inspiration, including Pinterest, YouTube and Walmart.com.
Layaway: Customers taking advantage of Walmart’s holiday layaway with no opening fee can stretch dollars further by paying at their own pace through Dec. 15.
Ad Match: Walmart’s great prices are backed by its Ad Match Guarantee. Stores will match the price of any local competitor’s printed ad for an identical product.***
About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, more than 245 million customers and members visit our 11,053 stores under 71 banners in 27 countries and e-commerce websites in 11 countries. With fiscal year 2014 sales of over $473 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.
Netto Partners with Sainsbury to bring Scandinavian flair to UK Discount Sector
Danish international discount grocery retailer Netto is returning to Britain in an attractive new trial format, bringing a fresh Scandinavian flavour to the UK discount sector. The new-look Netto will take the form of a joint venture combining Dansk Supermarked’s excellence in systems, infrastructure and low-cost operations with Sainsbury’s UK grocery, product sourcing and property expertise, in a compelling customer proposition.
The trial will consist of 15 Netto stores to be opened by the end of 2015, with the first opening their doors in the North of England later this year. If the trial proves successful, the next stage of the joint venture will see the new format rolled out across the country.
Each partner’s initial investment in the joint venture will be £12.5 million, and given start-up costs, each partner expects to incur a post-tax loss in the region of £5-10 million up to 31 March 2015.
Per Bank, CEO of Netto’s parent company Dansk Supermarked, said: “It’s great to be bringing a new twist to the rapidly-growing UK discount sector. We’ll offer market-leading value to customers with the freshness and innovation that customers rightly associate with Denmark.
“The discounter experience, operating model and systems of the Dansk Supermarked group, combined with Sainsbury’s UK market insight, property expertise and logistics excellence will help deliver a discounter format we think UK customers will love.”
The new Netto stores represent a complete departure from the format that left the UK market in 2010. They will offer outstanding value and ease of shopping to customers and will feature a great fresh food offer as well as an in-house bakery offering fresh Danish breads and delicious Danish pastries.
There will also be weekly and seasonal “when it’s gone it’s gone” offers in both food and non-food ranges, bringing customers a “new world every week” at outstanding prices.
Mike Coupe, CEO Designate of Sainsbury’s said: “We are very excited about helping to bring the new Netto to British shoppers. This joint venture provides a great opportunity for us to gain exposure to the high growth discount market for the first time in partnership with Dansk Supermarked, whose expertise and values are a strong complement to our own.
“If successful, this trial has the potential to open up a new long term growth opportunity for us complementing our fast expanding convenience, online and non-food businesses, as well as our existing supermarket estate.”
The UK discount sector is currently worth an estimated £10 billion in annual sales and is forecast to double in value to approximately £20 billion in the next five years (source: IGD).
Netto will be led by Morten Möberg Nielsen, previously Managing Director of Netto International in Germany, whose successful track record spans 18 years in retail including 14 years with Dansk Supermarked.
Walmart CEO Outlines Growth Strategy at Annual Meeting for the Investment Community
Rogers, Ark., – In opening remarks at the company’s 21st Annual Meeting for the Investment Community, Wal-Mart Stores, Inc. (NYSE: WMT) President and CEO Doug McMillon outlined the company’s growth strategy, including plans to invest in new capabilities and to continue improving the customer experience at all Walmart stores. McMillon addressed how Walmart is well-positioned to meet the needs and preferences of an ever-evolving customer base.
Improving on four key customer dimensions – price, assortment, experience and access
McMillon said, “Customers make their shopping decisions based on four key dimensions – price assortment, experience and access. What we can offer them, and how we compete across those dimensions, is changing.
“Today, a customer has a desire for more items, more assortment, more choice than ever before,” he continued. “We have tens of millions of customers visiting us weekly online and through our mobile apps looking for information, product options and then buying merchandise from us in stores and online. We’re known for assortment and we will be in the future.”
Discussing price and experience, McMillon went on to say, “At Walmart, we serve value-conscious customers that come from all walks of life and all income levels. Price matters to our customers and it always will. As a company, being a low cost operator is in our DNA. This will never change and we will be the price leader, across a broad assortment, everywhere we operate. Experience is about customer service. From our associates in stores to our engineers and data scientists, we’ll invent new ways to surprise and delight customers.”
McMillon noted that the ways customers access Walmart is being redefined. “There is a growing consensus that the future of retail is not just in-store and not just online. The winners in retail will be those that can put them together. Frankly, we think we’re already doing the harder part. Locations matter because convenience matters. We have the stores, the associates, and the expertise in the physical world that others will need to build.”
McMillon continued, “To capture the upside of our strategic advantages, we need to develop a more seamless relationship with our customers. We won’t just be a store on the street. We’ll support our customers’ lives, with them in the driver’s seat, to save them money and time. We’ll give customers the choices they want and need by integrating digital and physical retail. As we have many times before, we’ll exceed our customers’ expectations, and as a result, we will win the new era of retail.”
McMillon also spoke about the state of the company: “We have an important purpose – saving people money so they can live better. Our company is built on a foundation of strong values and integrity. Compliance continues to be a priority for us and a key to building trust with our customers and other stakeholders. However, we go beyond compliance to make a difference on sustainability and other big issues. Our stores are part of their communities. We fight hunger and provide disaster relief while creating opportunities for our associates. We are a company where you can go as far as your hard work will take you. Last year, more than 170,000 people got a promotion in our U.S. business.”
Enterprise-wide approach
McMillon said leadership fully recognizes how quickly customers’ expectations are changing, which requires Walmart to think and act differently.
“In the past, we’ve tended to roll up our plans from markets and segments, but this year we’ve started with an enterprise-wide approach. The internet, mobile, data and technology present opportunities across the world and across our businesses to better serve the changing customer,” he said. “We’ve taken a fresh look at where we want to play – what businesses, markets, formats, and services we need and how to win – what our customer value proposition should be.
“Our strategy will guide our approach to capital discipline,” McMillon continued. “We will change the mix of our capital spend through reductions in areas we have invested in historically to fund investments in new growth opportunities. Specifically, we will moderate the growth of investments in stores, and we will increase our investments in e-commerce.
Winning now
McMillon outlined what the company is doing to win now, noting that improving the company’s short-term performance is a priority across all of Walmart’s segments and markets.
“Our supercenters in the U.S. should be delivering positive comps consistently. Our combination of pricing, in stock, service levels and merchant skills will generate improved performance in our supercenters. Our Neighborhood Markets continue to be a bright spot in terms of comp sales.”
He said Sam’s Club is thinking creatively about the future of its business and has made some changes with membership rewards and credit offerings designed to strengthen its position and performance. In e-commerce, Walmart is continuing investment in its new technology platform, rolling it out to customers, continuing to build its next generation fulfillment network and expanding assortment.
McMillon highlighted three key points that will drive the business going forward:
“First, we’re going to position ourselves to do a better job serving customers. We can create a next generation customer proposition through the combination of what we do with price, assortment, access and experience. We will save them money and time.
“Second, our priority is growth. Driving demand is the only sustainable way to deliver returns over time.
“Finally, we’ll manage capital in a disciplined, thoughtful manner.”
Wal-Mart executives also presented its capital expenditure plans for the next fiscal year ending Jan. 31, 2016 at its 21st annual meeting for the investment community. Total capital spending for fiscal year 2016 is projected to range between $11.6 and $12.9 billion, including approximately $1.2 to $1.5 billion for e-commerce and digital initiatives.
“This is an exciting time for Walmart, as there are so many new ways to serve customers. Exceeding customer expectations has always been our goal, and we have short-and long-term opportunities to do that even better,” said Wal-Mart Stores, Inc. President and CEO Doug McMillon. “We’ll change the mix of our capital spend next year to provide greater access, while continuing to focus on price leadership, service, and a broad assortment. We’ll give customers the choices they want and need in ways that only Walmart can.”
The company also indicated that as a result of a tougher sales environment than it anticipated a year ago, it now expects to grow net sales for the current fiscal year between 2 and 3 percent on last year’s $473.1 billion. The company indicated in February that it expected net sales growth to be at the low end of its guidance provided last October of 3 to 5 percent.
Charles Holley, Walmart’s executive vice president and chief financial officer, outlined the company’s financial priorities for growth and detailed the investment and expansion plans for fiscal year 2016.
“Our business and customers continue to evolve and so will the way we deploy capital. We will invest more heavily in e-commerce initiatives, while temporarily moderating our global physical growth, particularly larger stores,” Holley explained. “We are focused on creating an endless aisle and appealing to our customers’ changing needs.”
Holley also discussed the financial performance of the company’s e-commerce business and provided more insight into certain financial metrics.
“Globally, we expect to finish this year with approximately $12.5 billion in e-commerce sales,” said Holley. “Looking forward we expect an increase in global e-commerce sales of around 25 percent in fiscal year 2016, and we anticipate growth over the three-year period from fiscal years 2016 through 2018 to average 30 to 40 percent.
“The greatest investment of capital and in operating loss for our e-commerce operations will come over the next 18 to 24 months, and then we would expect to see that investment start to moderate in fiscal 2018,” Holley added.
The company expects net sales to increase by 2 to 4 percent next year.
“This translates into approximately $10 to $20 billion of net sales growth,” Holley said. “Operating expenses will grow at a rate somewhat faster than sales growth and operating income will be flat to slightly down, given our investments in technology, e-commerce and digital.”
Holley also discussed the importance of the increased investment in e-commerce.
“We expect capital investments in e-commerce worldwide to be between $1.2 and $1.5 billion next year,” Holley explained, “and these investments will include technology, infrastructure and other areas to support e-commerce and digital initiatives to serve customers.”
Walmart U.S. details
In February 2014, Walmart U.S. increased its original fiscal 2015 projected capital investment by $600 million to a range of $6.4 to $6.9 billion due to an acceleration of approximately 150 small format openings. However, as a result of the timing of certain planned small format openings, Walmart U.S. now expects to open approximately 240 small format units in fiscal 2015, and carry over approximately 20 units into fiscal 2016.
The company also indicated that during the testing of its Walmart Express format, the analysis showed customers rely on these stores for a variety of reasons, including grocery fill-in trips, last-minute dinner plans and picking up prescriptions. These patterns closely align with how customers also shop the Neighborhood Market format, which has become a recognizable brand that customers identify as a high quality, local grocery store. Therefore, the company will rebrand Walmart Express as Neighborhood Market and will utilize this brand for all small format stores, regardless of square footage.
“We know that our supercenters are an important format for the stock-up trip, but we want to be thoughtful about our investment, ensuring that we align the space to evolving customer needs,” said Walmart U.S. President and CEO Greg Foran. “To do this, we will moderate supercenter growth in fiscal 2016. Our investment in Neighborhood Markets will go forward because they continue to show strong results across the box and they provide our customers with convenient access to grocery, pharmacy services, and other quick-trip needs.”
Fiscal year 2016 capital investments are projected to range between $6.1 and $6.6 billion. The forecast includes new stores, remodels, conversions, relocations, logistics, e-commerce and technology infrastructure, and reflects the additions of new units that will expand Walmart U.S.’s retail space by approximately 15 to 16 million net retail square feet. The company expects to open between 60 and 70 supercenters and 200 to 220 Neighborhood Markets.
Sam’s Club details
Sam’s Club will spend approximately $0.9 billion to open about 20 clubs this year, including relocations and expansions. Sam’s Club is also remodeling approximately 55-60 clubs this year.
“Our new clubs continue to perform well. Starting in the third quarter of this year, our new clubs incorporate several layout improvements, including an expanded fresh area and a combined health and wellness solutions center. These updates enhance the member shopping experience, and drive stronger sales and leverage labor efficiencies,” said Sam’s Club President and CEO Rosalind Brewer.
During fiscal year 2016, Sam’s Club will open approximately 9 to 12 clubs, including relocations and expansions. Remodeling is slated for between 60 and 65 clubs. Sam’s Club is projecting a reduction in capital expenditures to approximately $0.8 billion from its revised fiscal 2015 estimate of $0.9 billion. Sam’s Club will continue to invest in membership and merchandise capabilities.
“We are reducing the number of new club openings for next year and accelerating technology initiatives that integrate our physical locations with our digital capabilities,” Brewer explained.
Walmart International details
In February 2014, Walmart International indicated that it expected capital expenditures to range between $4.0 and $4.5 billion and for net square footage to range between 12 and 14 million square feet for fiscal year 2015. As a result of fewer new store openings in several key markets around the world, it now expects fiscal 2015 capital expenditures and net square footage additions to range between $3.8 and $4.1 billion and 9 to 10 million square feet, respectively.
Walmart International will continue to invest in organic growth across its markets next year. Capital expenditures are expected to range between $3.7 and $4.2 billion. New store openings in fiscal 2016 are expected to add between 10 and 13 million square feet.
“Our capital guidance for fiscal year 2016 reflects the actions we are taking to build a platform for sustainable growth in our five largest markets around the world,” said Walmart International President and CEO David Cheesewright. “We are managing our portfolio to be a best-in-class operator through innovation, making compliance a competitive advantage and winning with an e-commerce strategy that offers a unique shopping experience for our customers across all channels.”
Global eCommerce details
Walmart Global eCommerce President and CEO Neil Ashe outlined the progress made during the past year on the company’s e-commerce strategy.
“We are delivering best in class e-commerce capabilities that we are combining with the assets of the world’s largest retailer to engage with customers in new ways. We have delivered the core components of our new global technology platform. We are expanding our next generation fulfillment network to reach our customers fast and efficiently, and we’re building new data capabilities to enhance our customer experience” said Ashe.
Ashe announced that next year Walmart will build new online fulfillment centers in Georgia and Pennsylvania, each over 1 million square feet. These centers will be part of its next generation fulfillment network that includes dedicated online fulfillment centers, shared distribution centers, and ship-from-store locations that are all tied together by one of the biggest and most efficient transportation networks in the country. Walmart will also add new fulfillment centers in Brazil and China.
The company plans to spend capital of approximately $1.0 billion for e-commerce and digital initiatives this fiscal year and between $1.2 and $1.5 billion next year.
About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, more than 250 million customers and members visit our 11,100 stores under 71 banners in 27 countries and e-commerce websites in 11 countries. With fiscal year 2014 sales of over $473 billion, Walmart employs approximately 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.
Samsung and Barnes & Noble Introduce New Large Screen Samsung Galaxy Tab 4 NOOK
New York, NY & Ridgefield Park, NJ – –Samsung Electronics America and NOOK Media, a subsidiary of Barnes & Noble, Inc. (NYSE: BKS), today announced the introduction of the 10.1-inch Samsung Galaxy Tab 4 NOOK, a new large-screen version of the popular tablet that combines Samsung’s leading technology and NOOK’s extraordinary content and reading experience. This new big-screen co-branded tablet offers the best of both worlds: a full-featured Android tablet that’s optimized for reading and entertainment. With tools for everyday use and an amazing collection of HD entertainment, customers can connect to the world when they need to, and escape when they want. The Samsung Galaxy Tab 4 NOOK 10.1-inch tablet is available starting today in more than 650 Barnes & Noble bookstores and online at www.bn.com and www.nook.com, launching at a special introductory price of $299.99 and including more than $200 in free content from the NOOK Store®, including a new assortment of bestselling books, popular TV shows, top magazines and apps.
The new 10.1-inch Samsung Galaxy Tab 4 NOOK features the largest screen ever available on a NOOK. The new addition joins the recently launched 7-inch model to offer customers more choice for their reading and entertainment needs.
“With the launch of the new large screen Samsung Galaxy Tab 4 NOOK, we have a fantastic lineup of devices for our customers to choose from as we head into the holiday gifting season,” said Michael P. Huseby, Chief Executive Officer of Barnes & Noble, Inc. “Customers are telling us that they love the reading and entertainment experience on our new 7-inch Samsung NOOK and we’re certain that the addition of the stunning 10-inch model, alongside our popular NOOK GlowLight™ eReader, will ensure that there’s a perfect device for everyone in the family at Barnes & Noble this holiday season and beyond.”
See More of What You Love on NOOK’s Largest Ever Screen
The new device features Samsung’s sleek, ultra-light premium tablet design and all of the hardware specs of the Samsung Galaxy Tab 4. The crisp, brilliant and beautiful 10.1-inch HD display makes it the perfect device to enjoy books, interactive children’s books, magazines, games, movies, TV shows and videos, with long-lasting battery life to match. Weighing just 17.28 ounces and with a width of just 9.58 inches, the large screen Samsung Galaxy Tab 4 NOOK is designed to be comfortable to hold so consumers can easily read, watch or dive into any features or content, at home or on-the-go while still enjoying the 10.1-inch HD display.
“The Samsung Galaxy Tab 4 NOOK combines an award-winning reading experience with leading edge technology to offer consumers an immersive way to enjoy all types of content,” said Tim Baxter, President of Samsung Electronics America. “We are excited to offer both the 7- and 10.1-inch NOOKs by Samsung to customers through Barnes & Noble’s bookstores nationwide, just in time for the holidays.”
Tablet Tools for Everyday Life
The Samsung Galaxy Tab 4 NOOK is a high-performance tablet with all of the tools that customers need to stay entertained, connected and productive. For the first time ever, NOOK customers can enjoy one of their most requested tablet features on a large display: built-in 1.3-megapixel front- and 3-megapixel rear-facing cameras for photos and video chats. The Wi-Fi® enabled device has the full suite of Google applications featuring the Chrome web browser, as well as built-in GPS capabilities for location-based apps and more. With the Samsung Multi Window™ innovation, customers can use more than one app simultaneously and share content between apps at the same time, like reading an email and finding a location on Google Maps. The 10.1-inch Samsung Galaxy Tab 4 NOOK also features 16GB of built in storage, in addition to the expandable memory that is available with both the 7- and 10.1-inch devices.
Get the Most Out of Reading and Entertainment
The Samsung Galaxy Tab 4 NOOK gives customers an extraordinary collection of digital content to explore from Barnes & Noble. The expansive NOOK Store’s reading and entertainment content offers:
Over 3 million books including bestsellers, new releases, classics and enhanced titles with special content.
An extensive offering of popular comic books and graphic novels, as well as picture-perfect art, photography, travel guides and cookbook titles.
An expansive collection of best-loved children’s books – over 9,000 – including chapter books and a selection of picture books with a proprietary interactive experience.
The NOOK Newsstand®, with the largest digital collection of the top 100 bestselling U.S. magazines available for both digital subscriptions and single copy sale, and a vast collection of newspapers and magazines from around the world. Find reading tools like ArticleView® that lets the reader focus on the text customized to their needs, and the Visual Table of Contents that provides a quick scan of the entire issue allowing a reader to jump directly to any article or section.
A large collection of NOOK Apps™ featuring a wide range of uniquely curated titles for the whole family, including the hottest games, as well as lifestyle, productivity, news, entertainment and other apps.
A wide NOOK Video™ selection offering customers their favorite movies and TV shows from major studios and networks, available for purchase or rental.
Discovery couldn’t be easier for all types of content with a bookstore-like browsing experience, Your NOOK, and unique cross-content features based upon customer interests and relevant topics. Hundreds of NOOK Channels™ support expert content curation based on interest and sensibility. This popular discovery feature is powered by Barnes & Noble’s breakthrough recommendation system which combines its bookseller knowledge with advanced algorithmic technology.
Latest NOOK Software for an Even Better User Experience
Customers purchasing the 10.1-inch Samsung Galaxy Tab 4 NOOK will receive new NOOK software, which will roll out as an over-the-air update from the Google Play store starting on October 22. The update will enhance a customer’s overall product experience with features including:
New, cleaner visual design and user interface.
Fuller, more immersive shopping experience to help customers find their next great read.
New navigational tools that provide quick access between the shopping experience, the library of content, settings, the content currently being read and other key NOOK sections on the device.
Support for both portrait and landscape mode throughout the NOOK experience, including shop and product pages.
The updated NOOK experience will roll out to the 7-inch Samsung Galaxy Tab 4 NOOK starting in November.
Free with Purchase: $200 in Popular NOOK Content
Barnes & Noble will welcome all customers who purchase a new 7- or 10.1-inch Samsung Galaxy Tab 4 NOOK with a refreshed content pack featuring more than $200 of free NOOK reading and entertainment content. Customers will receive four free bestselling eBooks including And Then There Were None by Agatha Christie, Two of a Kind (Fool’s Gold Series #12) by Susan Mallery and The Best American Series 2014: 12 Short Stories & Essays by Houghton Mifflin Harcourt, as well as an episode each of three hit TV shows: The Newsroom and Curb Your Enthusiasm from HBO, as well as Disney’s The Octonauts.
As part of the package, magazine lovers can also choose up to four 14-day free trial subscriptions from a selection of 15 popular magazines – including Cosmopolitan, The New Yorker, Us Weekly, People and more, and also receive the previous 12 issues of each title at no cost. Additionally, customers will receive a complimentary selection of top NOOK Apps including Cut the Rope: Experiments, Concise Oxford English Dictionary with Audio and Just 2 Words. A $5 credit will also help customers get started as they explore the NOOK Store. More detail on the free NOOK content offer can be found at NOOK.com.
Barnes & Noble also offers great content through its Free Friday™ program, offering a NOOK Book®, NOOK Video or NOOK App at no cost each week. Visit NOOK.com or the NOOK Store on a NOOK to learn more.
Easy-to-Use and Customizable
Intuitive and user friendly, the Samsung Galaxy Tab 4 NOOK enables users easy access to recent and favorite content and to discover new interests across all content types in one place. Current NOOK customers who upgrade and sign in will find their existing library of NOOK content loaded and ready to enjoy.
Right from the fully integrated home screen, users can get customized recommendations, access the NOOK Store or browse the web. With customizable NOOK Profiles, every member of the family can create their own immersive reading experience, curated and tailored to their individual interest and reading preferences.
Availability and In-Store Support
The ad-free Samsung Galaxy Tab 4 NOOK 10.1-inch model is available immediately in black and is launching at a special introductory price of $299.99 at Barnes & Noble bookstores nationwide and online at www.bn.com and www.nook.com. The 7-inch model is also available for $169.99 after a $30 instant rebate in black or white. Customers can personalize their new devices with a number of NOOK-designed accessories including covers, sleeves, an anti-glare screen and more.
Experience the new Samsung Galaxy Tab 4 NOOK, alongside the popular NOOK GlowLight eReader, in a local Barnes & Noble store and learn more from one of the company’s expert booksellers. In store, NOOK customers receive complimentary, personal NOOK support with no appointment needed. While in-store, customers can also receive suggestions on what to read next, access free Wi-Fi, and enjoy the popular Read In Store program, which allows guests to read any book free for up to one hour per day, just like browsing the physical shelves. Customers can also take advantage of a full calendar of popular NOOK events, including NOOK Night workshops, family Storytimes, book discussion groups and author signings.
About Barnes & Noble, Inc.
Barnes & Noble, Inc. (NYSE: BKS) is a Fortune 500 company, the nation’s largest retail bookseller and the leading retailer of content, digital media and educational products. The Company operates 658 Barnes & Noble bookstores in 50 states, and one of the Web’s largest e-commerce sites, BN.com (www.bn.com). Its NOOK Media LLC subsidiary is a leader in the emerging digital reading and digital education markets. The NOOK digital business offers award-winning NOOK® products and an expansive collection of digital reading and entertainment content through the NOOK Store® (www.nook.com), while Barnes & Noble College Booksellers LLC operates 705 bookstores serving over five million students and faculty members at colleges and universities across the United States. General information on Barnes & Noble, Inc. can be obtained by visiting the Company’s corporate website: www.barnesandnobleinc.com.
Barnes & Noble®, Barnes & Noble Booksellers® and Barnes & Noble.com® are trademarks of Barnes & Noble, Inc. or its affiliates.
For more information on Barnes & Noble, follow us on https://twitter.com/BNBuzz, http://instagram.com/barnesandnoble and http://thebarnesandnoble.tumblr.com, and like us on https://www.facebook.com/barnesandnoble.
About NOOK Media LLC
NOOK reading and entertainment products make it easy to Read What You Love, Anywhere You Like™ with a fun, easy-to-use and immersive digital reading experience. With NOOK, customers gain access to the expansive NOOK Store® of more than 3 million digital books in the US and UK, plus periodicals, comics, apps, movies and TV shows, and the ability to enjoy content across a wide array of popular devices through free NOOK Reading Apps™. Find NOOK devices in Barnes & Noble stores and online at www.nook.com, as well as leading retailers including Best Buy, Walmart, Target and many others. NOOK products are available in the United Kingdom at leading retailers; NOOK content can be purchased at www.nook.co.uk.
NOOK®, the NOOK logos and NOOK Media™ are trademarks of barnesandnoble.com llc or its affiliates. For more information on NOOK, follow us on www.twitter.com/nookBN and www.twitter.com/nook_UK, and like us on www.facebook.com/nook and www.facebook.com/nookGB.
About Samsung Electronics America
Headquartered in Ridgefield Park, NJ, Samsung Electronics America, Inc. (SEA), is a recognized innovation leader in consumer electronics design and technology. A wholly owned subsidiary of Samsung Electronics Co., Ltd., SEA delivers a broad range of digital consumer electronics, IT and home appliance products. Samsung is the market leader for HDTVs in the U.S and America’s fastest growing home appliance brand. To discover more, please visit www.samsung.com.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of TVs, smartphones, tablets, PCs, cameras, home appliances, printers, LTE systems, medical devices, semiconductors and LED solutions. We employ 286,000 people across 80 countries with annual sales of US$216.7 billion.
Target Unveils Plans for Holiday 2014 – Free Shipping, New Apps, Partnerships, and more
Target Corporation (NYSE: TGT) today announced new initiatives for the holiday season centered on irresistible products, unbeatable value and guest-friendly services – including new and enhanced digital tools and free shipping on all Target.com orders now through Dec. 20.
“Target is poised to deliver an unparalleled holiday shopping season. We’ve been building capabilities that put us in a strong starting position, including the right digital tools and a broad assortment of unique, on-trend merchandise. Our value proposition will be unrivaled, with compelling promotions and an exceptional shopping experience online and in our stores,” said Brian Cornell, Chairman of the Board and CEO, Target. “It’s about delivering on our promise of ‘Expect More. Pay Less,’ and when we do that, Target is impossible to beat.”
Tools and Services
With conversion on Target’s digital channels up 40 percent this year, guests are turning to Target.com for more of their shopping. To make it even easier for guests, for the first time, Target will offer free shipping on all Target.com orders for the holidays, now through Dec. 20. Additionally, more than 65,000 items are now available for Store Pickup on Target.com and 80 percent of orders are fulfilled within one hour, making it a convenient option for busy shoppers through Christmas Eve.
Target will launch a Wish List app beginning Oct. 31— a modern and digital take on the classic tradition of creating holiday wish lists for parents and kids. Kids can add must-have items to their list, while parents can share the list with friends and family. Target’s Wish List app also offers an augmented reality feature that works with Target’s Kids’ Gifting catalog. Plus, guests can save 10 percent on their Wish List on one day of their choosing before Nov. 26. The app can be downloaded on Apple and Android mobile and tablet devices or printed on the registry kiosks in Target stores.
Additionally, mobile and tablet apps are re-launching in time for the holidays. With these enhancements, guests will find it even easier to locate and purchase what they’re looking for using interactive store maps and shopping lists as well as streamlined checkout including, Apple pay in the iPhone app.
Unbeatable Value
Target has created more ways than ever for guests to get unbeatable value all season long, including weekly sales, weekend promotions and exclusive deals on Target.com and Cartwheel, Target’s industry-leading savings app. Cartwheel will offer daily deals for its more than 10 million users, and from Nov. 2 to Dec. 24, Cartwheel will offer 50 percent off a different toy every day. The app will have new features for the holidays, including special deals for top users, personalized recommendations and a select number of popular offers that do not expire.
For the third year, Target is extending the timeframe of its Price Match Policy for the holiday season beyond the typical seven day window. If a guest purchases a qualifying item at Target between Nov. 1 and Dec. 24 and then finds it for less at Target.com, a local competitor’s printed ad or at select online retailers, Target will match that price. For more details, including terms and conditions, visit Target.com/morereasons.
As always, REDcard holders get five percent off nearly all purchases, free shipping at Target.com, and an extra 30 days for returns. Since five percent REDcard Rewards rolled out in 2010, Target has saved guests more than $2 billion and will thank guests for their loyalty with perks throughout the holiday season.
Top Holiday Gifts
Target has it all for the holidays, from top national brands to exclusive giftable items that can only be found at Target, including:
Top electronics gifts for all ages, including Beats by Dre, Apple iPhone, Skylanders Trap Team and exclusive iPhone cases designed by Brooklyn-based graphic designer and letterer, Dana Tanamachi.
TOMS for Target, featuring more than 50 items including apparel and accessories, shoes and home goods all priced under $50. In addition to the five percent of its profit Target gives to communities every day, Target will donate blankets, meals or shoes to people in need for each TOMS item purchased. The collection will be available beginning Nov. 16 for a limited-time-only.
Annie for Target by Renée Ehrlich Kalfus, a limited-edition collection of girls’ apparel and accessories inspired by the remake of this family-favorite movie, all under $30 and available beginning Nov. 16.
A beautiful, limited-time-only collection of American-made scarves, throws and handbags from the 150-year-old Faribault Woolen Mills in Minnesota. Available beginning Nov. 2 exclusively through Target’s digital channels.
Fitness and travel accessories in unique and retro prints, designed by London-based artist, Orla Kiely, available exclusively at Target.
Exclusive Threshold and Nate Berkus at Target home décor and entertaining items.
Cozy, stylish apparel and accessories for the whole family featuring key seasonal elements like cashmere blend, genuine leather and faux fur.
Top Toys, including exclusive Disney Frozen My Size Dolls, Wubble Bubble Ball and Zoomer Dino – Boomer and Target’s Boutique Brand toys from brands such as Wonderology, Hape and Mindware.
Exclusive beauty products at a great value, including luxe brushes and bags by Sonia Kashuk, new holiday gift sets from Pixi by Petra and an assortment of makeup palettes, fragrances and hair appliances.
Partnership with STORY
This holiday, Target will partner with innovative New York retailer STORY. STORY brings an editorial lens to retail and reinvents itself every four to eight weeks—from merchandise and store design, to floor plans and fixtures—bringing to light a new theme or trend. From Target’s design partnerships to its everyday collections, STORY will curate its favorite holiday treasures from Target, alongside its other must-have items for the season, beginning Nov. 5.
“Working with STORY will give holiday shoppers in Manhattan a new way to discover Target’s brand and products,” said Kathee Tesija, Chief Merchandising and Supply Chain Officer, Target. “This unique concept will also provide a testing ground for us to continue to understand how merchandising and product curation influences our guests.”
Holiday Marketing Campaign
Target’s marketing campaign will encourage people of all ages to let loose, give into the spirit and feel the unmistakable joy of the holiday season. The advertising, which will start to run on Nov. 2, will boldly embrace the iconic elements that make Target, Target—using the red, white and Bullseye that guests love. The campaign will include broadcast, radio, out-of-home and catalogs with an increase in digital media support by 50 percent. Target stores will be transformed with fun and whimsical in-store décor created in partnership with David Stark Design, one of the top event design agencies in the world.
About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,934 stores – 1,801 in the United States and 133 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom.
Amazon Creating 80,000 Seasonal Jobs at its Growing Network of U.S. Fulfillment and Sortation Centers
SEATTLE—- Amazon.com, Inc. (NASDAQ: AMZN) today announced it is creating 80,000 seasonal positions across its U.S. network of fulfillment and sortation centers this holiday season in order to meet an increase in customer demand. Last year, Amazon converted thousands of seasonal employees into regular, full-time roles after the holidays, and expects to do the same this year.
“So far this year, we have converted more than 10,000 seasonal employees in the U.S. into regular, full-time roles and we’re looking forward to converting thousands more across our growing network of fulfillment and sortation centers after this holiday season,” said Mike Roth, Amazon’s vice president of North America operations. “We’re excited to be creating 80,000 seasonal jobs, thousands of which will lead to regular, full-time roles with benefits starting on day one and innovative programs like Career Choice for employees to further pursue their education.”
Amazon now has more than 50 fulfillment centers in the U.S. and will have more than 15 sortation centers by the end of 2014. The new network of sortation centers is fueling a range of innovations like Sunday delivery, later cut-off ordering times for customers and the ability to control packages deeper into the delivery process.
For its regular, full-time fulfillment center positions, Amazon offers competitive hourly wages and a comprehensive benefits package, including healthcare, 401(k) and company stock awards.
Amazon also offers regular full-time employees innovative programs like Career Choice, where it will pre-pay up to 95 percent of tuition for courses related to in-demand fields, regardless of whether the skills are relevant to a career at Amazon. Since the program’s launch, employees are pursuing degrees in game design and visual communications, nursing, IT programming and radiology, to name a few.
Applicants can apply online at www.workatamazonfulfillment.com.
About Amazon
Amazon.com opened on the World Wide Web in July 1995. The company is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire phone, Fire tablets, and Fire TV are some of the products and services pioneered by Amazon.
Radioshack Announces Milestone In Recapitalization Process
FORT WORTH, Texas, — RadioShack Corporation (NYSE: RSH) today announced that it has entered into definitive agreements to restructure a portion of its existing debt, providing additional near-term liquidity and serving as a first step in a stronger foundation for the Company’s continued business transformation.
Standard General LP and certain other investors have replaced GE Capital as lead lender under RadioShack’s senior secured asset based credit facility (“ABL Facility”) which will allow immediate access to additional liquidity. Other investors, including RadioShack shareholders Standard General and Litespeed Management LLC, are providing $120 million to be used to cash collateralize letters of credit for the Company. In the coming months, this $120 million is expected to be converted into equity. Current shareholders will have the opportunity to participate in a rights offering at same conversion price.
“We are pleased to complete this important step, which we believe positions us to continue to progress our operational turnaround,” said Joe Magnacca, RadioShack’s chief executive officer. “We recognize that we will need to address constraints under our existing term loan in order to undertake a store base consolidation program and pursue other measures to reduce our cost structure. This amended ABL Facility provides time to pursue a longer-term restructuring. To that end, we are in constructive discussions with our term lenders, led by Salus Capital, toward additional steps to recapitalize RadioShack.
“We look forward to continuing to serve our customers with differentiated products and an upgraded shopping experience as we move into the Holiday season.”
Today’s agreements include two key elements:
ABL Facility – Standard General and certain other investors have acquired the loans and agreed to changes affecting the credit availability under RadioShack’s existing ABL Facility. As a result, RadioShack believes that it will have sufficient credit capacity under the ABL Facility to fund its inventory build for the Holiday season. Because borrowing availability under the amended ABL Facility changes in March 2015, the Company expects to seek to refinance the facility by that time. In addition, the amended ABL Facility will be required to be refinanced if the rights offering described below is not completed by March 15, 2015.
New equity – The $120 million investment is expected to be converted into equity securities representing (together with related fees payable in equity securities) not less than 50% of the Company’s outstanding equity securities upon satisfaction of certain conditions. These conditions include the modification of a supplier contract, at least $100 million of available cash and borrowing capacity at January 15, 2015, development of a fiscal 2016 plan satisfying certain requirements and the completion of a rights offering to existing RadioShack shareholders to purchase equity securities at a price of $0.40 per common share equivalent.
The percentage of equity securities that Standard General and other investors will own as a result of this transaction will depend upon the level of participation, if any, of existing shareholders in the rights offering. If no shares were purchased in the rights offering, existing shareholders would own 20% of RadioShack’s equity securities. The voting rights of any person or group acquiring equity securities in the transaction would be limited to 34.9% of the total voting power of the Company’s voting stock so long as greater voting power would accelerate Company debt.
If the $120 million investment is converted into equity, the Board will be reconstituted to consist of the Company’s CEO, two independent directors selected by RadioShack and four individuals nominated by Standard General. The new directors must be approved by the Company’s corporate governance committee. At least two of these directors must be independent.
RadioShack intends to initiate the rights offering late this year or in early 2015. There can be no assurance that the rights offering will be completed or that the other conditions to the equity conversion will be satisfied, nor can the Company be certain that it will be able to refinance borrowings under the amended ABL Facility by March 2015.
NYSE EXEMPTION
The stock issuances described above would normally require approval of RadioShack’s shareholders pursuant to the Shareholder Approval Policy of the New York Stock Exchange (the “Exchange”). The audit and compliance committee of RadioShack’s Board of Directors determined that the delay that would result from securing shareholder approval prior to the completion of these stock issuances would seriously jeopardize the financial viability of RadioShack. Because of that determination, the audit and compliance committee, pursuant to an exception provided in the Exchange’s shareholder approval policy, expressly approved RadioShack’s omission to seek the shareholder approval that would otherwise have been required under that policy. The Exchange has accepted the Company’s application of the exception.
In conjunction with the rights offering, RadioShack intends to initially issue equity securities that would be convertible, subject to the satisfaction of all applicable conditions, into at least 400 million shares (and up to 700 million shares) of common stock. In reliance on the Exchange’s shareholder approval exception, RadioShack will notify its shareholders of its intention to issue the shares without seeking their approval at least ten days prior to the issuance of the shares.
GoPro Launches Major Retail Expansion at Best Buy for HERO® Cameras and Accessories
SAN MATEO, CA – GoPro, maker of the world’s most versatile camera and facilitator of some of today’s most engaging content, has announced a large scale merchandising rollout with Best Buy, the world’s largest specialty consumer electronics retailer. The newly announced and highly anticipated HERO4 will be available in Best Buy stores and on BestBuy.com beginning Oct. 5, and will be the centerpiece of GoPro’s significantly expanded in-store footprint.

The new display rollout to 500 stores begins this week and triples GoPro’s in-store retail presence at Best Buy. This is GoPro’s biggest retail display unit and it is exclusive to BestBuy. Chief among the enhancements of GoPro’s upgraded residences are new display units designed to provide a more immersive content viewing experience for customers – a point of critical importance to adequately conveying the value of GoPro products. The new fixtures will be 6 feet tall, allowing for greater visibility for shoppers, and include larger monitors that will showcase a variety of GoPro videos, which encompass some of the world’s most widely watched user generated content as well as GoPro’s own award-winning productions.
“This expansion will provide GoPro with a significant increase in shelf space from one of our biggest retail partners in North America,” said GoPro Senior Vice President of Intergalactic Sales, Jonathan Harris. “We’re excited to offer our customers a more compelling experience at most Best Buy locations each time they interact with our products in the store.”
Additional benefits of the new locations include more camera facings and a larger accessories offering, providing Best Buy customers with greater access to the GoPro products that have enabled them to capture, share and enjoy countless hours of their amazing experiences.
“Best Buy is the destination for the best in digital imaging technology, and GoPro’s new line of cameras delivers just that for our customers,” said Marie Grable, Merchant Director of Digital Imaging at Best Buy. “This unique new display, featuring the entire line up of cameras and accessories, is a must see for consumers who are looking to get their hands on the latest from GoPro.
The new displays arrive just in time for the holiday season, when many customers will head to Best Buy to shop for friends, relatives and loved ones. GoPro has been available at Best Buy since 2010.
About GoPro, Inc. (GPRO)
GoPro, Inc. is transforming the way consumers capture, manage, share and enjoy meaningful life experiences. We do this by enabling people to capture compelling, immersive photo and video content of themselves participating in their favorite activities. Our customers include some of the world’s most active and passionate people. The volume and quality of their shared GoPro content, coupled with their enthusiasm for our brand, are virally driving awareness and demand for our products. To date, we have generated substantially all of our revenue from the sale of our cameras and accessories and we believe that the growing adoption of our capture devices and the engaging content they enable, position GoPro to become an exciting new media company.
What began as an idea to help athletes document themselves engaged in their sport has become a widely adopted solution for people to document themselves engaged in their interests, whatever they may be. From extreme to mainstream, professional to consumer, GoPro has enabled the world to capture and share its passions, and the world, in turn, is enabling GoPro to become one of the most exciting and aspirational companies of our time.
For more information, visit www.gopro.com
Retailer of Goods for Children To Hire 45,000 Employees Nationwide For 2014 Holiday Shopping Season
WAYNE, NJ – Toys“R”Us® today announced plans to hire 45,000 seasonal employees at its stores and distribution centers nationwide, more than doubling the company’s workforce as it prepares for the busy holiday shopping months ahead. Seasonal staff plays a vital role in delivering upon the company’s mission to bring joy into the lives of its customers across the country as traffic in Toys“R”Us stores and online surges in the weeks leading up to Christmas. These seasonal positions, which include sales associates, stock crew and omnichannel fulfillment teams, as well as distribution center workers and department managers, can also serve as a path to non-seasonal employment.
“As THE toy authority, moms, dads and gift-givers are counting on us to provide them with expert toy advice as they search for the perfect present, all while offering exceptional service and a memorable shopping experience,” said Mark Eberly, Vice President, Human Resources, Toys“R”Us, U.S. “We’re looking for dedicated, customer-centric employees who will strive to help shoppers deliver a great Christmas for the little ones in their lives whenever, wherever and however they choose to shop with us this holiday season. Ensuring we are fully staffed with knowledgeable employees is integral as we look to assist customers in crossing off items on their children’s wish lists.”
Interviewing for holiday positions at Toys“R”Us stores begins at the end of September and new hires start working in early October. Staffing continues to build throughout the holiday season right up to Christmas. Seasonal store employees typically work 16 to 20 hours per week with flexible schedules offered during the week, weeknights or weekends. Employment opportunities are also available at the company’s distribution centers nationwide, which began hiring in July and will continue through November.
Interested job seekers can visit the company’s dedicated Holiday Hiring website (www.toysrusinc.com/careers/holiday) to apply and learn more about working at Toys“R”Us during the holiday season. The site is easily accessible via computers, tablets and smartphones.
Training #ToyExperts for This Holiday Season – And Those to Come
As a specialty retailer, part of what differentiates Toys“R”Us is its knowledgeable, toy-trained staff. Holiday hires receive the same specialized training as non-seasonal employees, as well as continuous, on-the-job training, ensuring they learn about the hottest products of the season, store services and more, so they can provide expert advice to shoppers searching for the perfect gift.
With substantial growth opportunities available, seasonal positions continue to offer motivated, high-performing associates the opportunity for year-round employment. Last year, 20 percent of the company’s holiday workforce – more than 9,000 employees – retained a regular position with the company after the holiday season ended. Some of those who began their careers as seasonal hires have also gone on to full-time management positions.
Interested applicants can keep up with the latest hiring news by visiting the company’s Careers pages at Ruscareers.com, Facebook.com/Ruscareers, @ToysrusCareers on Twitter, YouTube.com/Ruscareers and LinkedIn. In addition, from bike aficionados to gaming gurus, Toys“R”Us will showcase its team of #ToyExperts from stores across the country on these channels and the official Toys“R”Us Twitter account, @Toysrus, throughout the holiday season.
To download broadcast quality b-roll footage of Toys“R”Us employees in stores, conducting daily duties, as well as holiday hiring signage, please click here. For high-resolution photos, please click here.
For company news and updates throughout the season, please visit “R” Holiday Press Room.
About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 877 Toys“R”Us and Babies“R”Us stores in the United States and Puerto Rico, and in more than 710 international stores and over 195 licensed stores in 35 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City. With its strong portfolio of e-commerce sites including Toysrus.com, Babiesrus.com, eToys.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 70,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at Facebook.com/Toysrus, Facebook.com/Babiesrus and Facebook.com/FAO and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.
The Home Depot Provides Update on Payment Data Breach Investigation
ATLANTA, — The Home Depot®, the world’s largest home improvement retailer, today confirmed that its payment data systems have been breached, which could potentially impact customers using payment cards at its U.S. and Canadian stores. There is no evidence that the breach has impacted stores in Mexico or customers who shopped online at HomeDepot.com.
While the company continues to determine the full scope, scale and impact of the breach, there is no evidence that debit PIN numbers were compromised.
Home Depot’s investigation is focused on April forward, and the company has taken aggressive steps to address the malware and protect customer data. The Home Depot is offering free identity protection services, including credit monitoring, to any customer who used a payment card at a Home Depot store in 2014, from April on. Customers who wish to take advantage of these services can learn more at http://www.homedepot.comor by calling 1-800-HOMEDEPOT (800-466-3337).
“We apologize for the frustration and anxiety this causes our customers, and I want to thank them for their patience and support as we work through this issue,” said Frank Blake, chairman and CEO. “We owe it to our customers to alert them that we now have enough evidence to confirm that a breach has indeed occurred. It’s important to emphasize that no customers will be responsible for fraudulent charges to their accounts.”
The investigation began on Tuesday morning, September 2, immediately after the company received reports from its banking partners and law enforcement that criminals may have hacked its payment data systems.
Since then, the company’s internal IT security team has been working around the clock with leading IT security firms, its banking partners and the Secret Service to rapidly gather facts and provide information to customers.
Responding to the increasing threat of cyber-attacks on the retail industry, The Home Depot previously confirmed it will roll out EMV “Chip and PIN” to all U.S. stores by the end of this year, well in advance of the October 2015 deadline established by the payments industry.
The Home Depot is the world’s largest home improvement specialty retailer, with 2,266 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2013, The Home Depot had sales of $78.8 billion and earnings of $5.4 billion. The Company employs more than 300,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.
Target to Open Smaller-Format Stores in San Francisco’s Financial District and Berkeley
Target Corp. (NYSE: TGT) today announced plans to open two new TargetExpress stores in San Francisco’s Financial District and Berkeley, Calif., in March 2015. Target’s first TargetExpress store opened this year in Minneapolis, and the San Francisco-area stores will mark the first time Target is expanding this format outside the Minneapolis area.
The San Francisco store will be approximately 18,000 square feet and located at the southwest corner of Bush Street and Sansome Street, next to the Montgomery BART station, in the heart of the financial district. The Berkeley store will be approximately 12,000 square feet and located at the southeast corner of Shattuck Avenue and Allston Way, next to the Downtown Berkeley BART station, near the main entrance to the University of California, Berkeley.
“From listening to our guests at the two San Francisco CityTarget stores, we know the smaller format of TargetExpress will fit right into the busy San Francisco Bay Area lifestyle and enable us to cater to each community’s needs,” said Kamau Witherspoon, senior director, Store Operations, Target.
Target store teams have spent time understanding each local community to determine the right merchandise mix for each store, so both TargetExpress locations will be customized to fit the individual needs of the surrounding neighborhoods. For example, the Bush Street store will feature a large grab-and-go area with sandwiches, salads, breakfast items like yogurt and mid-day snacks for busy commuters on the go. The store will also include a Starbucks and select items from Target’s Made to Matter collection, which features products from San Francisco Bay Area companies like Annies, Yes To and Method.
The Berkeley store will offer a large selection of grocery items, including produce, dairy, frozen, snacks and beverages to serve the students, commuters and residents of Berkeley. Additionally, both new TargetExpress stores will be stocked with essentials in home, beauty and electronics, including a robust assortment of Target’s owned brands. The stores will also include Target’s popular pick-up-in-store service and a pharmacy.
Target opened the first TargetExpress in Minneapolis in July, and has announced plans to open one in the Highland Park area of St. Paul, Minn. in 2015. A third San Francisco Bay Area TargetExpress will also open in 2015, with a location to be announced in the coming months.
About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,925 stores – 1,795 in the United States and 130 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom.
Dollar General Makes Proposal to Acquire Family Dollar for $78.50 Per Share
GOODLETTSVILLE, Tenn., August 18, 2014 – Dollar General (NYSE: DG) today announced it has made a proposal to acquire Family Dollar Stores, Inc. (NYSE: FDO) for $78.50 per share in cash, in a transaction valued at $9.7 billion. The proposal was conveyed this morning in a letter to Family Dollar’s Board of Directors. This transaction would deliver increased consideration and immediate liquidity to Family Dollar’s shareholders and represents a compelling opportunity to create value for Dollar General shareholders. The combination would solidify Dollar General’s position as the largest small-box discount retailer in the U.S. with nearly 20,000 stores in 46 states and sales of over $28 billion.
Dollar General’s all-cash proposal of $78.50 per share would provide Family Dollar shareholders with a substantially superior valuation to the $74.50 per share cash / stock offer announced by Dollar Tree, Inc. on July 28, 2014.
“For Family Dollar shareholders, our proposal is financially superior to the current transaction agreement with Dollar Tree and would provide Family Dollar shareholders with a substantial premium and immediate liquidity for their shares,” said Rick Dreiling, Dollar General’s Chairman and Chief Executive Officer. “For Dollar General shareholders, the proposed combination of Dollar General and Family Dollar would be a significant strategic opportunity to create immediate and lasting shareholder value. For both Dollar General and Family Dollar customers, we would be able to provide better value and greater selection.
“We have the utmost respect for Family Dollar, its leadership and its employees. We look forward to expeditiously entering into constructive discussions with Family Dollar in order to sign a definitive merger agreement that provides enhanced value to Family Dollar shareholders and enables Dollar General to realize the benefits of this combination,” Dreiling continued.
Strategic Benefits
Dollar General believes the highly complementary nature of the two companies would create a unique opportunity to deliver value to shareholders and customers:
Solidify position as the leading small-box discount retailer. The transaction would create the preeminent small-box retailer in the U.S. based on store locations, delivering convenience and everyday low prices to customers through nearly 20,000 stores in 46 states with sales exceeding $28 billion and over 160,000 employees.
Complementary business models. The business models and product mixes of Dollar General and Family Dollar are highly complementary. There is opportunity to more efficiently and effectively manage the Family Dollar portfolio of stores given Dollar General’s strong track record of success in improving its own profitability since 2008.
Clear operational synergies and integration plan. The proposed transaction would be expected to generate significant synergies of $550 million to $600 million on an annual run-rate three years post-closing. Dollar General has developed extensive integration plans across work streams. The expected synergies would be derived from sales growth driven by an improved merchandise offering and store presentation, purchasing and sourcing efficiencies, distribution and transportation optimization and administrative savings. The scale that would be created by a combination would allow Dollar General to continue to help customers Save time. Save money. Every day!® through better value and greater selection to customers of both Dollar General and Family Dollar.
Tenured management team with a proven track record. Rick Dreiling, who led the management team that transformed Dollar General starting in 2008, has agreed to postpone his previously-announced retirement and remain in the role of Chairman and Chief Executive Officer of the combined company until May 2016, if a merger agreement is signed, in order to oversee the successful integration of the two companies. Beyond that date, Dreiling has also agreed that, if asked by the Board and elected by shareholders, he would remain as a Board member and would be willing to serve as Chairman.
Significant earnings accretion through synergies. The proposed transaction would be low double-digit accretive on a percentage basis to earnings in the first full year excluding implementation and transaction costs. The combined company would continue to generate significant cash flow and would be expected to return to investment grade ratios within approximately three years from the closing of the proposed transaction.
Transaction Details
The proposed transaction values Family Dollar at an enterprise value of approximately $9.7 billion, and it represents an enterprise value to EBITDA (for the last 12 months ending May 31, 2014) multiple of 11.6x. The proposal has the unanimous approval of the Board of Directors of Dollar General.
Goldman Sachs and Citigroup Global Markets Inc. have agreed to provide committed financing for all of the financing necessary to consummate the transaction. The financing includes estimated fees and expenses, including the $305 million termination fee payable to Dollar Tree in the event Family Dollar terminates the existing merger agreement to enter into a merger agreement with Dollar General.
Dollar General has undertaken significant economic and antitrust analysis with respect to the transaction and is confident it can quickly and effectively address any potential antitrust issues. Dollar General is prepared to commit to divest up to 700 retail stores in order to achieve the requisite approvals, which is approximately the same percentage of the total combined stores represented by the 500 U.S. store divestiture commitment in the Dollar Tree merger agreement.
Dollar General is prepared to enter into a definitive merger agreement that would be substantially similar to the one entered into between Dollar Tree and Family Dollar, modified as necessary to accommodate Dollar General’s all-cash proposal, the antitrust matters described above and to provide a time period to close the proposed transaction consistent with that set forth in the existing agreement. In addition, Dollar General is prepared to revise the agreement to permit Family Dollar to continue to pay its regular quarterly cash dividend through closing on terms consistent with past practice.
Goldman, Sachs & Co. is acting as financial advisor to Dollar General and Simpson Thacher & Bartlett LLP is acting as its legal counsel.
Below is the text of the letter that was sent today to Howard Levine, Family Dollar’s Chairman and Chief Executive Officer:
August 18, 2014
Board of Directors
Family Dollar Stores, Inc.
10401 Monroe Road
Matthews, North Carolina 28201
Attn: Howard R. Levine, Chairman of the Board
Dear Howard:
As you know, we at Dollar General admire your company and its attractive footprint and business prospects. We have respect for Family Dollar, its employees and its leadership, and both Dollar General and Family Dollar share a commitment to serving customers in the communities in which we operate. As such, we were surprised and disappointed to find out you had entered into a merger agreement with Dollar Tree.
The Board of Directors of Dollar General is pleased to submit a proposal to you and the Board of Directors of Family Dollar that offers Family Dollar shareholders $78.50 per share in cash for all outstanding shares, providing them with superior value and immediate and certain liquidity for their shares. Not only is our offer superior in price, it is 100% cash, as compared to the mix of cash and stock being offered by Dollar Tree.
Our proposal provides Family Dollar’s shareholders with approximately $466 million of additional aggregate value over Dollar Tree’s offer and represents a premium of 29.4% over the closing price of $60.66 for Family Dollar stock on the day prior to the Dollar Tree announcement.
Our proposal is not subject to any financing condition. Goldman Sachs and Citigroup Global Markets Inc. have agreed to provide committed financing for all of the financing necessary to consummate the transaction.
We have conducted a thorough review and analysis of the antitrust issues that may be raised by our proposed transaction, including engaging experienced antitrust counsel and a team from Compass Lexecon as our economist to assist us with our analysis. As a result of our review and analysis, coupled with the numerous econometric studies Compass Lexecon has performed utilizing extensive information and data supplied by Dollar General, we are prepared to commit to divest up to 700 retail stores in order to achieve the requisite antitrust approvals, which is approximately the same percentage of the total combined stores represented by the 500 store divestiture commitment in the Dollar Tree merger agreement. We are confident that, with this commitment, we will be able to quickly and efficiently resolve any potential antitrust issues and that our transaction is capable of being completed. We look forward to having the opportunity to share with your counsel the conclusions of our extensive antitrust work once you have taken the appropriate steps under your existing merger agreement with Dollar Tree to enable us to begin discussions.
The Board of Directors of Dollar General has unanimously approved this proposal and has authorized us to proceed expeditiously. We are prepared, promptly following the termination of your merger agreement with Dollar Tree, to enter into a merger agreement that would provide greater value to your shareholders and would otherwise be substantially similar to the one that you entered into with Dollar Tree, modified as necessary to accommodate our all-cash proposal, as described above with respect to antitrust matters and to provide a time period to close the proposed transaction consistent with that set forth in the existing agreement. In addition, we are prepared to revise the agreement to permit Family Dollar to continue to pay its regular quarterly cash dividend through closing on terms consistent with past practice. Dollar General would also agree to fund the $305 million break-up fee should you become obligated to pay that fee to Dollar Tree upon termination of the existing agreement in order to enter into an agreement with Dollar General.
In addition, I have committed to our Board of Directors to remain as Chief Executive Officer of Dollar General through May 2016 if this combination occurs in order to oversee the successful integration of our two companies. Beyond that date, if asked by the Board and elected by shareholders, I have agreed to continue to serve as a Board member and as Chairman.
We have engaged Goldman, Sachs & Co. as our financial advisor and Simpson Thacher & Bartlett LLP as our legal advisor in connection with this transaction. Our proposal is subject to completion of a confirmatory due diligence review of your company, and we and our advisors are available to commence our due diligence review immediately.
Please note that this letter is not meant to, and does not, create or constitute any legally-binding obligation, liability or commitment by us concerning a proposed transaction, and, other than any confidentiality agreement we may enter into with you, there will be no legally-binding agreement between us regarding the proposed transaction unless and until we enter into a definitive merger agreement with you.
We are confident that after you have considered our offer, you will agree that our proposal constitutes a “Company Superior Proposal” under the terms of the Dollar Tree merger agreement and that our proposal presents a compelling opportunity for your shareholders. This matter has my highest priority and I look forward to hearing from you.
Sincerely,
Rick Dreiling
Dollar General
Chairman and Chief Executive Officer
Conference Call Information
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, house wares and seasonal items at low everyday prices in convenient neighborhood locations. With more than 11,500 stores in 40 states, Dollar General has more retail locations than any retailer in America. In addition to high quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo. For more information on Dollar General, please visit www.dollargeneral.com.
Walmart Launches Back-to-College Season with Deep Rollbacks In-Store, Online
BENTONVILLE, Ark. – Walmart is kicking off back-to-college shopping with savings for customers however they like to shop – in stores, online and through their mobile devices. Starting Aug. 1, the retailer is releasing deals tailored to college students looking for the top electronics, dorm décor and school essentials.
Walmart’s rollbacks and special buys are timed to the start of sales tax holidays in select states and at a time that data shows a spike in customers shopping online for Back to School. Customers can get additional savings online with 400 Cyber Monday deals available Aug. 4 for one day only.
“The combination of families stocking up on school supplies, college students shopping for electronics and select state sales tax holidays makes this one of the busiest times of the year for us,” said Steve Bratspies, executive vice president, general merchandise for Walmart U.S. “We know that customers are searching for ways to save as they prepare for the fall. That’s why we’re making it easier for them to get back to class for less with great deals available on Walmart.com and in our stores.”
Rollbacks, Special Buys and Bundles In-Store and Online
Great deals beginning Aug. 1 include:
Bundles that save customers even more, like a limited-time offer Dell laptop bundle with a wireless mouse, one-year McAfee LiveSafe Antivirus and a laptop sleeve for $399
Low prices on electronics tailored to college students:
o Rollbacks on a Roku 1 Streaming Device to $39 (originally $48) and an Apple iPad with Retina display
for $349 (originally $399)
o Special buys including a Hisense 40” LED TV for $239, a Nextbook 8 tablet for $79, an RCA 10″ Tablet
with keyboard for $99 and a Canon 2920 wireless printer for $39
o Gift cards and bonuses with certain popular items, like a free Xbox Live one-year membership ($59.96
value) with the purchase of an Xbox One console for $399 and a free $30 Walmart gift card with the
purchase of a Samsung Galaxy Ace Style for $149.88
Rollbacks on college living items including a Mainstays Metal Arm Futon for $99 (originally $124)
Blockbuster Walmart.com Deals Aug. 4
Walmart’s busiest days online for back-to-school shopping typically happen during the first two weeks of August. That’s why on Monday, Aug. 4, Walmart is bringing back its popular Back-to-School Cyber Monday savings event for students of all ages. Customers shopping Walmart.com have the opportunity for big savings on more than 400 blockbuster back-to-school deals in dorm décor, smartphones, tablets, laptops and kids’ clothing and backpacks, while supplies last. Those deals bring an average savings of 35 percent and on some items customers can even save up to 60 percent.
“Last year we broke records with our first back-to-school Cyber Monday event – it was our biggest Walmart.com sales day outside of the holiday season and we’re making it even bigger this year with more than 30 percent additional back-to-school items at great prices,” said Kelly Thompson, senior vice president of merchandising for Walmart.com. “Customers who prefer to shop online or on their mobile devices can get free delivery to more than 4,000 Walmart stores nationwide and directly to their door for select purchases.”
Featured Cyber Monday deals include:
Electronics and Gadgets:
HMDX Bluetooth Headphones for $19.99 (60% savings)*
HP Deskjet 1512 Inkjet All-in-One Printer for $25 (50% savings)*
9″ Tablet 8GB memory with case and keyboard for $79 (20% savings)*
SCEPTRE LED 32” 720P HDTV for $149 (17% savings)*
$40 off GoPro HERO3+ Silver Edition Action Camcorder (with gift card)*
$100 off Straight Talk Pre-paid Apple iPhone 5C ($549) and iPhone 5S ($649)*
Apparel:
Girls’ & Boys’ Approved Schoolwear Polos $3.97 (18% savings)*
Girls’ & Boys’ 7-piece Uniform Bundle for $40 (20% savings)*
Licensed Backpacks & Tote Bags like My Little Pony and Monsters for $5 (50% savings)*
School Supplies:
Crayola Classic Color Pack Crayons, 120 count for $5.97 cents (nearly 60% savings)*
Elmer’s Washable School Glue, 4fl oz for 50 cents (30% savings)*
Texas Instruments TI-84 Plus Graphing Calculator for $99.97 (26% savings)*
Dorm Essentials:
Quirky Pivot Power PoP Jr. Flexible Surge Protector for $9.87 (35% savings)*
5pc bed in a bag just $39 (26% savings)*
Magic Chef microwave for $49 (14% savings)*
* Prices available only for Monday, Aug. 4, 2014
Sales Tax Holiday Savings Online and In Store
Customers in the 16 states with sales tax holidays in late July and early August can take advantage of zero or reduced sales tax on select back-to-school items at Walmart stores. For ultimate convenience and increased access to these savings, Walmart.com is participating in state sales tax holidays where allowed by local law. More information about state sales tax holidays is available at http://www.walmart.com/cp/Tax-Free/1106992.
About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, more than 245 million customers and members visit our almost 11,000 stores under 71 banners in 27 countries and ecommerce websites in 10 countries. With fiscal year 2014 sales of over $473 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com