Finance & Capital Management

Macy’s will redeem $76 million in debt
New York - Macy’s, Inc. is redeeming $76 million in debt. Through its Macy’s Retail Holdings Inc. subsidiary, the company will redeem for cash the entire $76.02 million aggregate principal amount outstanding on 8.125% debt that is due 2035, on Aug. 17, 2015.
Office Depot shareholders say ‘yes’
Boca Raton, Fla. — A deal that would leave the nation with one giant office-supply retailer is one step nearer to completion.

Office Depot shareholders have voted overwhelmingly in favor of the proposed $6.3 billion buyout offer from rival Staples Inc., with 99.5 % of the votes cast in favor of the merger.

Staples proposed to acquire Office Depot in February in a cash-and-stock deal. Under the deal, Office Depot shareholders will get $7.25 per share in cash and 0.2188 of a share in Staples stock for each Office Depot share held.

Curtain time for Anna’s Linens

Costa Mesa, Calif. – Anna’s Linens’ stores will soon be history.
Staples/Office Depot deal awaits FTC action

Office Depot shareholders approved of the company’s acquisition by Staples in a vote that will prove to be largely symbolic if federal regulators determine a deal involving two direct competitors is not in the best interest of consumers.

Office Depot agreed to be acquired by Staples on Feb. 4 and on June 19 a preliminary vote total showed that 99.5% of shareholders approved of a deal that involves them receiving $7.25 in cash and 0.2188 of Staples stock for each share of Office Depot stock.
Aeropostale not replacing departing exec

New York — Aeropostale is losing a key executive and not replacing her.

The retailer announced that its chief merchandiser, Executive VP Emilia Fabricant, is leaving the company. Effective immediately, the company's senior merchandising team will report to CEO Julian R. Geiger.

The retailer said there are no plans to seek a replacement for Fabricant at this time.
Edible Arrangements taps specialty retailer exec as CFO

Wallingford, Conn. — Edible Arrangements International has named Tony DiPippa as CFO.

DiPippa replaces former CFO George Wilson, who moves over to support Edible Arrangements founder and CEO Tariq Farid in the expansion of Edible Brands and his other ventures, including Netsolace, Broadpeak and Naranga.
Head merchant at Aeropostale is out

Aeropostale is losing a key executive and handing over merchandising responsibilities to the company's CEO.
CBL acquires mixed-use center in Chattanooga

WILMINGTON, N.C. — The Mayfaire Town Center and Mayfaire Community Center have been acquired by CBL & Associates Properties, a publicly traded real estate investment trust based in Chattanooga, Tenn.

The sale, which closed June 18, is not expected to result in immediate changes that will be noticed by consumers.

Once a horse farm, Mayfaire Town Center and Mayfaire Community Center have become one of North Carolina's premier shopping and leisure destinations.
eBay ends dispute with Craigslist, sells back stake

San Jose, Calif. – eBay Inc. has sold its 28.4% stake in Craigslist back to the online classified ad service inn a confidential settlement agreement. eBay initially purchased the stake from Craiglist in 2004, but the two parties have been involved in litigation for years.
Anna's Linens begins liquidation sales

Anna's Linens has hired Hilco Merchant Resources and Gordon Brothers Group to begin going-out-of-business sales at all retail locations.

The joint venture partners were awarded the store closing process by a U.S. bankruptcy court on June 18.

Finance & Capital Management

Macy’s will redeem $76 million in debt

Office Depot shareholders say ‘yes’

Curtain time for Anna’s Linens

Staples/Office Depot deal awaits FTC action

Aeropostale not replacing departing exec

Edible Arrangements taps specialty retailer exec as CFO

Head merchant at Aeropostale is out

CBL acquires mixed-use center in Chattanooga

eBay ends dispute with Craigslist, sells back stake

Anna's Linens begins liquidation sales