New St. Peters warehouse lets local shoppers bid on returned, overstock goods from top national retailers, with savings of up to 80% off retail

PITTSBURGH, July 29, 2026 /PRNewswire/ — Online retail liquidation company, MAC.BID, announced today the opening of its 30th retail location in St. Peters, Missouri, part of the St. Louis metro area. The new facility, located at 16060 Spencer Road St. Peters, MO 63376, will open later this fall and is expected to create more than 70 new local jobs.

MAC.BID buys returned and overstocked products by the truckload from top retailers like Amazon, Target, Walmart, Lowes, Home Depot, and Wayfair and resells the items individually through their proprietary online auction platform. All products are put up for auction with an opening bid of $1, and are sold to the highest bidder with no reserve price. Winning bidders can expect to save up to 80% off retail while enjoying the online auction process.

“We’re excited to become part of the St. Peters and the larger St. Louis Metro community as we open our 30th warehouse,” said Kellen Campbell, co-founder and president of MAC.BID. “We see real opportunity here, for the local economy, for the more than 70 people we’ll hire, and for shoppers across the St. Louis metro area looking for a smarter way to save.”

MAC.BID operates at the heart of retailers’ biggest headache: reverse logistics. MAC.BID works directly with major retailers to process truckloads of returned and overstock merchandise that would otherwise be difficult and costly for retailers to handle internally. Retail returns require significant labor, time, and warehouse space to inspect, sort, and re-route back to inventory, often at a scale that makes it inefficient for retailers to manage in-house. Instead, many retailers choose to sell this inventory in bulk to MAC.BID, allowing products to move quickly through a streamlined resale process.

“As grocery bills, gas prices, and everyday costs keep climbing, families are having to choose between the things they need and the things they love,” Campbell added. “MAC.BID changes that. We deliver deep discounts on the products people already love and make saving money feel like winning, not settling.”

At its core, MAC.BID believes in providing second chances for the products they sell and communities they impact. The company’s devotion to sustainability ensures that many returned and overstocked items find a new home through its marketplace and aren’t left squandered.

The Pennsylvania-based company now employs over 1,600 teammates across its 30 locations in Arizona, Colorado, Georgia, Iowa, Missouri, Nevada, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Texas. In 2025 alone, MAC.BID helped customers save more than $1.1 billion off retail pricing, driven by more than 17,000 truckloads of products processed and 300,000+ items put up for auction daily through the company’s auction platform.

About MAC.BID
MAC.BID is an online retail liquidation company that buys returned and overstocked goods by the truckload from top retailers like Amazon, Target, Walmart, Home Depot, and Wayfair and resells the items individually through their proprietary online auction platform. Founded by Shawn Allen and Kellen Campbell in 2018, the Butler, Pennsylvania-based company operates 30 locations across Arizona, Colorado, Georgia, Iowa, Missouri, Nevada, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Texas.

For more information, please visit https://www.mac.bid/how-it-works 

View original content to download multimedia:https://www.prnewswire.com/news-releases/macbid-brings-1-online-auctions–deep-retail-discounts-to-the-st-louis-metro-302838348.html

SOURCE MAC.BID

GROTON, Conn., July 29, 2026 /PRNewswire/ — As part of today’s $76.6 billion Navy contract announcement, General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced it has been awarded $29.5 billion for five additional Columbia-class submarines, $42.1 billion for nine additional Virginia-Class submarines, and additional support for shipyard infrastructure.

Information about these contract modifications is detailed in the U.S. Department of War contract awards, which can be found here and here.

“These important contract modifications provide Electric Boat and our suppliers with the demand certainty we need to continue investing in capacity and hiring the workforce necessary to ensure we deliver these important national security assets on schedule,” said Mark Rayha, president of General Dynamics Electric Boat.

General Dynamics Electric Boat designs, builds, repairs and modernizes nuclear submarines for the U.S. Navy. Headquartered in Groton, Connecticut, it employs more than 27,000 people. More information about General Dynamics Electric Boat is available at www.gdeb.com.

Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at www.gd.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-electric-boat-awarded-construction-contracts-for-14-submarines-as-part-of-76-6-billion-navy-award-302838350.html

SOURCE General Dynamics

LOS ANGELES, July 29, 2026 /PRNewswire/ — Reformation Inc. (“Reformation”), the global womenswear brand, today announced the pricing of its initial public offering of 14,062,500 shares of its common stock at a public offering price of $15.00 per share. Reformation is offering 9,478,821 shares of common stock and certain of its existing stockholders (the “Selling Stockholders”) are offering 4,583,679 shares of common stock. In connection with the offering, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,109,375 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

The shares of common stock are expected to begin trading on the New York Stock Exchange on July 30, 2026 under the ticker symbol “REF.” The closing of the offering is expected to occur on July 31, 2026, subject to the satisfaction of customary closing conditions.

J.P. Morgan and Morgan Stanley are acting as joint lead bookrunning managers, and Citigroup and RBC Capital Markets are acting as joint bookrunning managers on the offering. Guggenheim Securities, Baird, William Blair and BTIG are acting as additional bookrunning managers on the offering. Telsey Advisory Group is acting as co-manager on the offering.

A registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on July 29, 2026. The offering is being made only by means of a prospectus. Copies of the final prospectus related to the offering, when available, may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the final prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; and Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Reformation
Reformation is the largest sustainable womenswear brand on the planet (that we know of, anyways). We make beautiful, timeless apparel and accessories that inspire confidence across life stages and occasions. Over the past 17 years, we’ve built a culturally resonant brand designed to challenge retail conventions. Our business model pairs a smart approach to merchandising with a responsive supply chain, allowing us to consistently deliver covetable, on-trend products to more than one million active customers. Today, Reformation operates 70 retail stores across the US, UK, Canada and France, and serves more than 150 countries around the world through its e-commerce platform.

View original content to download multimedia:https://www.prnewswire.com/news-releases/reformation-announces-pricing-of-initial-public-offering-302838374.html

SOURCE Reformation Inc.