Mergers & Acquisitions
January 24, 2011
J.C. Penney announced a series of actions designed to build on its accomplishments and focus on its highest potential growth opportunities. They include the wind down of its catalog and outlet operations, closing certain underperforming store locations, and streamlining its call center operations.
January 21, 2011
Retailers in 2011 will be intent on actively growing their businesses and improving customer insight capabilities, in addition to continuing efforts begun during the economic downturn to stabilize operating costs and focus on financial discipline, according to a report from the National Retail Federation’s research and education arm, the NRF Foundation, and KPMG LLP, the U.S. audit, tax and advisory firm.
January 21, 2011
CNBC's Jane Wells has the details on some research on Wal-Mart and your weight.
January 21, 2011
Amazon is acquiring the European subscription entertainment service LOVEFILM International — dubbed as Europe's version of Netflix — through a deal that values the company at a reported $550 million.
January 21, 2011
Littleton-based equestrian retailer Dover Saddlery Inc. saw total revenues increase 6.1 percent in the fourth quarter of 2010, according to preliminary unaudited numbers, the company said.
January 20, 2011
"Our new store productivity remains strong, and we continue to identify and secure exciting new locations, which continue to move us another step closer toward our goal of becoming a national retailer," said Dennis May, president and CEO of hhgregg.
January 20, 2011
Chain-store sales for the week ended Jan. 15 rose 1.4 percent from the year-earlier period, their smallest gain since May 22, according to a survey released by the International Council of Shopping Centers and Goldman Sachs.
January 19, 2011
J.Crew received no rival bid during a solicitation period and will stick with its nearly $3 billion buyout offer made by two private equity firms in November, according to Reuters. J.Crew agreed to be taken private by the two firms.
January 18, 2011
eBay has completed its acquisition of brands4friends, an online shopping club site for fashion and lifestyle in Germany. eBay announced the acquisition on Dec. 20 and acquired the site for a transaction value of approximately $200 million in cash.
January 18, 2011
Sears, along with Bruno Schiavi's Jupi International, have teamed up with Kim, Khloe and Kourtney Kardashian to launch the Kardashian Kollection in 400 Sears stores nationwide in August.
