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Finance & Capital Management

  • Nordstrom Rack coming to Hawaii development

    Seattle – Nordstrom Inc. plans to open Nordstrom Rack at Waikiki Trade Center in Honolulu, Hawaii. The approximately 34,000-sq.-ft., two-level store is scheduled to open in spring 2016.

    The property was acquired by Coastwood Capital Group, LLC in late 2013.

  • Martha Stewart cooks up a new deal

    Retail licensing group Sequential Brands, whose brands include Jessica Simpson, Ellen Tracy and Avia, is buying Martha Stewart's lifestyle collection, although the domestic diva will maintain creative control over product.

  • Head merchant at Aeropostale is out

    Aeropostale is losing a key executive and handing over merchandising responsibilities to the company's CEO. 

  • 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.

  • 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.

  • Curtain time for Anna’s Linens

    Costa Mesa, Calif. – Anna’s Linens’ stores will soon be history.

  • Home Depot exec 1 of 2 new BN board members

    Barnes & Noble Inc. has appointed a Home Depot president and a former executive of PaineWebber as two new independent directors to its board ahead of the company's separation of its retail and college businesses.

    The new board members are Ann-Marie Campbell, president of the southern division of Home Depot, and Paul B. Guenther, former president of PaineWebber Group Inc., the parent company of Paine Webber, Incorporated.

  • 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.

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