Church & Dwight purchases brands from Lil’ Drug Store Products
BY DSN STAFF
EWING TOWNSHIP, N.J. — Church & Dwight Co. announced that they have purchased a number of brands from Lil' Drug Store Products, which include RepHresh, Replens, Pre-Seed, Wellgate and Legatrin PM. The acquisition closed Sept. 19.
The company said it will be working to ensure a seamless transition over the next few months. For the time being, all order, shipping and invoice payment processes remain unchanged. A full transition plan is expected in November, including specific dates regarding shipping and invoicing from the Church & Dwight system.
Survey: Halloween-related spending to exceed $11 billion
NEW YORK — Nearly three-quarters (74%) of U.S. households plan to spend money on Halloween-related items, according to the International Council of Shopping Centers Halloween Consumer Spending Survey. The total for Halloween-related spending is expected to be approximately $11.3 billion in 2014.
Excluding households that don’t plan to spend anything on Halloween, the average household plans to spend $125 this year on candy, costumes, decorations or other Halloween-related items. Eight-out-of-10 households plan to spend the same or more on Halloween compared to last year, with
Similar to ICSC’s back-to-school shopping survey, the Halloween survey indicates that sales and promotions will be the biggest factor in the decision to shop at a particular location for Halloween-related items. When asked what influences them the most when choosing a store for Halloween, 64% of consumers said sales or the lowest price, 31% said the ability to physically see, touch or try on the merchandise and 29% said convenience/one-stop shopping/good parking.
The focus on price, along with an interest in one-stop shopping, could account for discount stores claiming the top spot this Halloween: 34% of spending will take place at discount stores; behind discounters, supermarkets are expected to grab 18% of purchases; followed by clothing and costume stores (13%); drugstore chains (11%); and wholesale clubs (9%).
Overall, according to the survey, more than 90% of households will select brick-and-mortar retail stores as the preferred venue for Halloween shopping, and online is expected to see a 7% share of purchases.
Researching and planning ahead online before buying in-store continues to be an integral part of the shopping experience this fall, with 41% of households planning to participate in ‘webrooming’ – researching online before purchasing Halloween-related items in physical stores.
In addition to being a significant shopping destination for Halloween-related items, shopping centers and malls continue to evolve into community hubs. Out of the parents planning to take their children trick-or-treating this year, 17% will participate in a Halloween event sponsored by a mall or shopping center in 2014, in addition to more traditional neighborhood trick-or-treating and school events. The top costume for boys this year will be a superhero and the top costume for girls in 2014 will be a princess.
Safeway hopes to buy out senior notes
PLEASANTON, Calif. — Safeway is offering to pay cash consent fees to holders of three series of senior notes due in 2017, 2018 and 2019. Note holders who accept the fees would release Safeway of the obligation to repurchase the notes at 1% interest when its expected fourth quarter merger with Albertson’s LLC occurs.
The consent fee offer expires Oct. 3, 2014. Holders of a majority of the principal of each series of notes must accept the consent fees for Safeway to be able to pay them out. In this case, Safeway will not have to repurchase any notes from holders who do not accept the consent fees.
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