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Finance & Capital Management

  • Walgreens gets regulatory OK to buy Rite Aid stores

    Walgreens Boots Alliance secured regulatory approval for a deal to buy stores from Rite Aid Corp. after a reduction in the number of stores and price. The deal will still enable Walgreens to dramatically increase its store footprint, giving it a total of about 10,000 U.S. locations.   

  • Analysis: Beyond debt, Toys ‘R’ Us faces massive market structural challenges

    While today's decision does not necessarily mean it is game over for Toys "R" Us, it brings to a close a turbulent chapter in the iconic company's history.   A combination of high debt and severe structural changes in the industry created a toxic mix against which Toys "R" Us had little choice but to restructure and try to put itself on a firmer footing.  

  • Best Buy sets $43 billion revenue goal for 2021

    With its transformation deemed complete, Best Buy is looking for solid gains in profits and sales during the next several years. It also sees expanded opportunities for growth in new smart home initiatives.  

  • Toys ‘R’ Us reportedly close to filing Chapter 11; Fitch downgrades toy retailer

    It's looking increasingly likely that Toys "R" Us may turn to Chapter 11 bankruptcy protection as a way to deal with its massive debt load.    With about $400 million of its $5 billion debt coming due in 2018, the struggling toy retailer could file for bankruptcy as soon as this week, CNBC reported. https://www.cnbc.com/2017/09/18/toys-r-us-could-file-for-bankruptcy-as-soon-as-this-week-sources-say.html  

  • Love's Travel Stops to acquire competitor

    Love’s Travel Stops & Country Stores is expanding its footprint.   The chain has reached an agreement to purchase Speedco, a national network of trucking-focused service locations from Bridgestone Americas.    Speedco has 52 locations. The acquisition will bring the number of Love’s operated tire service and lube facilities to 323. Terms of the deal, subject to regulatory approval, were not disclosed.   

  • Regulatory Wrap-Up: Online sales tax collection back in spotlight

    Wages

  • Bloomberg: Walgreens revising Rite Aid deal to gain FTC signoff

    Walgreens Boots Alliance is reportedly tweaking its previously announced deal with Rite Aid Corp.  

  • Dollar Tree names new CEO

    There's been a changing of the guard at Dollar Tree as the man who grew the chain into a $22 billion retail powerhouse moves on to a new role.    The discounter has appointed Gary Philbin, enterprise president, as CEO, effective immediately. He succeeds Bob Sasser, who will become executive chairman of Dollar Tree's board.   
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