Mergers & Acquisitions
Blockbuster has agreed to be purchased by a group of debt holders for as much as $290 million as part of a bankruptcy auction, according to Businessweek.com.
Wal-Mart is losing customers to dollar stores as it stuggles with pricing, and it continues to recover from a poorly executed decision, since reversed, to pare down the number of items it offered.
Deals website Groupon appears to be making preparations to start operations in China, a move that could shake up the market for group buying, even though challenges lie ahead for the young U.S. company.
Best Buy has announced a series of moves designed to enhance the company’s growth prospects and profitability. On the domestic front, it plans to double the number of Best Buy Mobile stores by the end of the current fiscal year by opening 150 new freestanding stores to give it a total of 325 units.
eBay is adding FedEx to the mail carriers it integrates with on its site. Sellers can now select FedEx Express and FedEx Ground services from the drop-down menu of shipping services when listing items on eBay.
Even though the number of store openings by major U.S. retail industry chains is expected to far outnumber the amount of store closings in 2011, both large and small retail chains will still be struggling to hold onto their domestic retail presence, keep stores open, and grow sales and turn a profit.
American Eagle Outfitters announced a campaign in partnership with FEED Projects to launch a new line available online and at its stores that will benefit the U.S. Fund for UNICEF. American Eagle is now offering FEED Guatemala bags in more than 400 of its stores across the country.
You can call Christian Siriano a lot of things, but lazy ain't one of them. The winner of season four of "Project Runway" has design projects with Puma, LG Lotus Phone, Bluefly, Victoria's Secret, Payless Shoes, and even Fierce Mamas.
Luxottica Group announced it's entered into an agreement in which it will acquire Stanza and High Tech, two sunglass speciality retail chains totaling more than 70 stores in Mexico.
Discount grocer Aldi has opened its first-ever New York City-area store in the borough of Queens. The store, which is located in Rego Park, marks the first of three grocery stores the company plans to open in New York, including new locations in the Bronx and Bay Shore, Long Island.