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Finance & Capital Management

  • Gymboree’s $1.8 billion acquisition by Bain on track

    New York - Gymboree Corp. said Monday it did not receive any offers that top Bain Capital's $1.8 billion bid for the company and so the buyout will proceed.

    The allotted time for Gymboree to receive competing offers expired Friday.

    "Despite a broad solicitation of potentially interested parties, the Company did not receive any alternative acquisition proposals during the 'go-shop' period," Gymboree said in a statement.

  • Sears selects EnerNOC to help capture energy savings

    Boston — EnerNOC, a leading provider of data-driven energy efficiency applications, announced that Sears Holdings has selected EnerNOC's EfficiencySMART Commissioning, which blends traditional commissioning services with real-time, persistent commissioning technology, to drive energy savings at its 2.4 million-sq.-ft. corporate headquarters in Hoffman Estates, Ill., a 2010 Energy Star rated facility.

     

  • New theater opens at Nampa Gateway Center

    Nampa, Idaho -- Beachwood, Ohio-based Developers Diversified Realty Corp. said Thursday it has completed construction of the 52,000-sq.-ft. Edwards Nampa Gateway Stadium 12 Theater, now open at the Nampa Gateway Center, a 921,200-sq.-ft. shopping center in Nampa, Idaho.

  • Foot Locker swings to Q3 profit

    New York City -- Foot Locker on Thursday reported a profit for its third quarter on stronger margins for the retailer.

    The company said it earned $52 million for the quarter that ended Oct. 30. That compares with a loss of $6 million during the same period year earlier, when the company also had $22 million in impairment charges.

    Revenue rose 5% o $1.28 billion. Same-store sales were up 8.1%.

  • NBA Store in Manhattan to close due to rising rent

    New York City -- The NBA Store on Fifth Avenue in Manhattan will close in late February, due to rising rent. The company said it is looking for a new location in the city.

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