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Finance & Capital Management

  • Fast-growing organic grocer sets 2018 store openings

    Sprouts Farmers Market is in expansion mode.    Sprouts Farmers Market announced it will open nine new locations in the first quarter of 2018. In total, the natural and organics grocer will open approximately 30 new stores across the country in 2018.  

  • Ace Hardware acquires e-commerce startup

    Ace Hardware Corp. has solidified its relationship with The Grommet.   The Oak Brook, Ill.-based hardware co-op announced the acquisition of new-product platform The Grommet. The online website will continue to find and develop products, and Ace will continue its efforts to make the products available to its dealers.   Financial terms of the deal were not revealed  

  • NRF: Holiday sales to increase 3.6% to 4%

    One of the most closely watched holiday forecasts has good news for retailers.   The National Retail Federation said it expects holiday retail sales in November and December to increase between 3.6% and 4% for a total of $678.75 billion to $682 billion. In 2016, up from $655.8 billion last year. The NRF forecast, which excludes automobiles, gasoline and restaurants, would meet or exceed last year’s growth of 3.6% and the five-year average of 3.5%.   

  • Office Depot makes $1 billion acquisition

    Office Depot took a first step toward its goal of transforming itself from a traditional office products retailer to a broader business services and technology products platform.  

  • Department store retailer's attempt to go private stalls

    Nordstrom may not be going private anytime soon.   Attempts by the Nordstrom family to take Nordstrom private have stalled over financing difficulties, reported CNBC. According to the report, banks have become cautious amid today's unstable retail climate.    The Nordstrom family group owns 31.2% of Nordstrom. In June, the family said it was exploring a possible buy-out.   

  • Not Fake News

    Fake news. Or, at the very least, over-exaggerated news. That’s what I call the reports about the death of retail. Retail sales are up $121.5 billion (through the first seven months of the year) and the holiday forecasts look promising, with Deloitte predicting a healthy 4 to 4.5% increase over last season.

  • At Home in Growth Mode

    Someone forgot to tell At Home that big-box stores are passé. Or that a retailer needs to sell online to be successful.

    Since Lee Bird took the reins as chief executive at the beginning of 2013, the Plano, Texas-based home decor superstore retailer has been on a steep upward trajectory — and it shows no signs of losing momentum anytime soon.

  • Blockbuster retail deal in Canada

    One of the largest grocers in Canada has just expanded its presence in the drugstore business.    Metro Inc., the third largest food retailer in Canada, on Monday announced a deal to acquire the Jean Coutu Group, which operates more than 400 pharmacies, for $3.6 billion. The deal creates a combined food and pharmacy retailer with annual sales of $12.8 billion, and an overall network of more than 1,300 stores in Canada, with 677 drug stores.  
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