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Finance & Capital Management

  • Office Depot sells European business

    Office Depot Inc. continues to streamline its operations.    The office supply giant announced it has completed the sale of its European business to The Aurelius Group. The purchase price was not disclosed.    The transaction is part of the company's recently announced international divestiture strategy to focus on opportunities in its North American business.  

  • Gracious Homes New York location up for grabs

    Gracious Homes’ lease on a 17,000-sq.-ft. store in the Chelsea neighborhood of Manhattan is on the auction block.   The location, which has 70 ft. of frontage on 25th Street between Broadway and 6th Avenue is being made available at a “substantially below market” rate, according to Andy Graiser, co-president of A&G Realty Partners, which is handling the auction for the retailer that recently filed for bankruptcy protection.  

  • Bankrupt fashion retailer to initiate auction process

    Nasty Gal is moving ahead with plans to be acquired by a British online fast-fashion retailer.     

  • Report: Sears lines up more credit from its CEO

    Sears Holdings Corp. has received another lifeline courtesy of CEO Eddie Lampert.    The struggling retailer said it has received loan, called a secured letter of credit, for $200 million, with an option to expand the amount to as much as $500 million with the consent of lenders.  

  • Closing time for the Limited?

    As the new year begins, it’s not looking very good for the ailing Limited Stores.   Reports are coming in from around the country of Limited store closings, The Columbus Dispatch reported. In Florida, some stores closed after business hours on Christmas Eve.  

  • Report: Last-minute shopping boosts holiday spending

    Holiday procrastinators may have saved retailers this year.       A jump in consumer spending in the final home stretch helped to offset a slow start to the U.S. holiday shopping season, and is likely to help many retailers beat sales forecasts, Reuters reported.    

  • Sears announces new round of store closings

    Sears Holdings’ store portfolio continues to shrink.   The struggling retailer told employees on Tuesday that it will close 30 Sears and Kmart stores in early 2017, reported Business Insider.  

  • British online fashion retailer makes bid for Nasty Gal

    Los Angeles-based Nasty Gal, which filed for bankruptcy protection in November, may soon have a British owner.   Boohoo.com is bidding $20 million (£16.3 million) for the brand and its customer databases as the “stalking horse” candidate. Based in Manchester, England, Boohoo specializes in fast-fashion and targets teens and young women, the same audience as Nasty Gal.      
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