Mergers & Acquisitions
February 21, 2011
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.
February 21, 2011
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.
February 18, 2011
Brown Shoe Company said it's acquired privately held athletic shoe maker American Sporting Goods Corp. for $145 million. The acquisition broadens the reach of Brown Shoe, which makes Dr. Scholl's, LifeStride, Franco Sarto and other brands and operates Naturalizer and Famous Footwear stores.
February 18, 2011
Nordstrom announced it's entered into an agreement to acquire HauteLook. Nordstrom said the acquisition will enable it to participate in the fast-growing private sale marketplace and provide a platform to increase innovation and speed in the way it serves customers in all channels.
February 18, 2011
Apple has confirmed, and will make an internal announcement in the next month or so, that it's planning to open its largest-ever retail store in New York City's Grand Central Terminal.
February 17, 2011
Target’s new small-format store in Chicago will be the first store in a U.S. historic landmark — the newly restored Carson Pirie Scott building, now known as Sullivan Center. Target also announced that its small-format locations across the U.S. including the new Chicago store, will be named CityTarget.
February 17, 2011
South Africa’s competition watchdog has recommended that Wal-Mart Stores’ proposed takeover of the country’s retail chain Massmart be unconditionally approved without conditions. Wal-Mart made a $2.4 billion bid for Massmart in November, and a vast majority of the target company’s shareholders voted to approve the deal last month.
February 16, 2011
The Home Depot said it will hire more than 60,000 seasonal associates in time for the company's second annual Spring Black Friday event. The retailer will implement the spring promotion market-by-market over four different weekends in the spring. The event marks the start of home improvement's busiest shopping season.
February 15, 2011
Blockbuster plans to cash in on the DVD rental kiosk trend in 2011 by installing 3,000 more of its Express kiosks, even as the retailer closed stores and filed for Chapter 11 bankruptcy protection in September.
February 15, 2011
Barnes & Noble issued an open letter to Amazon affiliates attempting to capitalize on problems the online retailer faces with some state tax authorities. States such as New York have told Amazon it must collect state sales tax because its affiliates count as a physical presence. In response, Amazon has shut off affiliates in states that have enacted such laws.
