Macy’s, Inc. (NYSE:M) today announced the completion of its previously announced acquisition of Bluemercury, Inc., widely recognized as America’s largest and fastest-growing luxury beauty products and spa services retailer, for $210 million in cash. Bluemercury, based in Washington, D.C., currently operates about 60 specialty stores in 18 states, typically in prime street-level locations and urban lifestyle centers, as well as an online business. Macy’s, Inc. plans to operate and significantly expand Bluemercury stand-alone specialty stores, enhance its online capabilities and add selected Bluemercury boutiques and private-brand products to Macy’s stores nationwide over time.
Wiley Education Services, a division of Wiley, and Northern Illinois University (NIU) have entered into a partnership to support and expand NIU’s online program offerings. The first phase of the three-year agreement will focus on launching six programs online: a Master of Science in Digital Marketing, a Master of Science in Data Analytics, a Bachelor of Science in Nursing for RNs, a Master of Science in Nursing, a Doctor of Nursing Practice and a Master of Public Health.
The partnership with Wiley and expanded online offerings are part of NIU’s Five Year Strategic Enrollment Plan to attract and retain students. Administrators recognized an opportunity for growth by expanding NIU’s high-quality programs and reach through new online offerings. To fully develop this initiative, they sought a proven partner with resources and expertise in launching and managing online programs, as well as the ability to do so in a way that aligned with NIU’s mission and values as a public university.
“NIU is committed to offering students an exceptional educational experience wherever they are. We’re investing in our online programs to best meet the needs of working professionals who want to broaden their career path,” said NIU President Dr. Lisa C. Freeman. “Wiley has the experience, strategy and tools to help us develop new audiences and offerings.”
Wiley was the only higher education services partner that was able to provide its complete menu of services to NIU as part of a fee-for-service arrangement—a result of Wiley’s flexible partnership models that are based on each institution’s specific needs and objectives. Under the agreement, Wiley will support NIU with services in marketing, recruitment and enrollment and student retention. NIU will also take advantage of Wiley’s Ranku platform, a streamlined and searchable online presence, to support all online and hybrid programs. The initial length of the contract is for three years, with two one-year renewal options.
“NIU created a solid strategy for its future growth, and we are very pleased that Wiley will play a part in helping to achieve its goals,” said Matt Hillman, Co-President of Wiley Education Services and Learning House, a Wiley brand. “By offering a greater range of the University’s programs online, we will support the success of the institution, help more students meet their career goals and assist employers by filling skills gaps in a wide range of fields.”