Mergers & Acquisitions
August 25, 2017 at 11:20 am
Yesterday, the FTC approved Amazon.com's acquisition of Whole Foods. Below are a few of the changes we'll see: First thing Monday, Whole Foods will offer lower prices on a selection of best-selling staples in its stores, across all categories and stores. Amazon Prime will ultimately become Whole Foods Market’s customer rewards program, providing Prime members with…
August 24, 2017 at 10:46 am
The Federal Trade Commission announced this week it will allow Amazon.com to continue its deal to acquire Whole Foods. The estimated $13.7 billion deal was under investigation to gauge whether the merger would decrease competition under federal regulations. Bruce Hoffman, acting director of the Federal Trade Commission Bureau of Competition, said in a statement it…
August 16, 2017 at 1:10 pm
A recent blockbuster deal in the retail arena was the announcement that TV home shopping giant QVC was buying its main rival, the Home Shopping Network (HSN). This comes at a time when the audience for TV home shopping is in decline, causing some analysts to see the merger as a “last gasp” effort of…
August 15, 2017 at 10:45 am
VF Corp, whose brands include Vans, The North Face and Timberland, announced yesterday that it is buying privately held Williamson-Dickie Mfg. Co, the owner of Dickies and Workrite workwear, for $820 million. The deal is expected to close early in the fourth quarter. This represents VF Corp's first major acquisition since its deal for Timberland six…
August 14, 2017 at 12:08 pm
Target Corp. announced today that it has agreed to acquire Grand Junction, a transportation technology company, to improve and expand its delivery capabilities. The acquisition will also accelerate Target’s investments and ongoing efforts to transform its supply chain. “Grand Junction’s technology and algorithms will help Target deliver to guests faster and more efficiently,” said Arthur…
August 11, 2017 at 9:29 am
Total Retail reviews the week's top retail news in Retail Right Now, including Lowe's job cuts, Amazon.com's new returns policy and Birchbox's possible sale.
August 10, 2017 at 12:05 pm
Subscription commerce retailer Birchbox has discussed a potential sale to many retailers, including Wal-Mart. Recode reports talks took place between Wal-Mart's U.S. E-Commerce Chief, Marc Lore, and Birchbox Co-Founder and CEO, Katia Beauchamp. Birchbox has raised more than $80 million from investors since it was founded in 2010, in addition to previously undisclosed venture debt…
August 4, 2017 at 10:43 am
In this episode of Retail Right Now, Taylor Knight reviews the week's top retail news, including Under Armour's job cuts; Amazon.com's job fair; and new details on a potential revised Staples-Office Depot merger.
August 4, 2017 at 9:35 am
Footwear brand Aldo has agreed to acquire the footwear and accessories operations of Camuto Group. The takeover will give Aldo a bigger footprint in the fashion industry. The Camuto Group produces shoes for the Vince Camuto brand, as well as Jessica Simpson Collection, Tory Burch and Lucky Brand Jeans. The terms of the deal were…
August 2, 2017 at 3:29 pm
We’ve all seen the landmark acquisitions happening this summer: Amazon.com announced its $13.4 billion purchase of Whole Foods, and Wal-Mart is building out its online retail fashion business by buying Bonobos. The recent buying spree is no coincidence. Very few retailers have a full understanding of both online and brick-and-mortar, but the new reality is…
