Mergers & Acquisitions

New York -- Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between J.C. Penney Co. and Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday, in New York Supreme Court.

The trial is about whether Macy’s has the exclusive right to sell Martha Stewart branded cookware, bedding and certain other products.
 

Dublin, Calif. -- Epicor Software Corp. announced that Home Hardware Center, part of Central Network Retail Group, completed its integration of Epicor  Eagle in February 2013. It is Epicor’s first major installation of Epicor Eagle delivered in a software as a service (SaaS) hosted environment.

BOISE, Idaho — Albertsons named the division presidents who will lead the 877 stores it will acquire from Supervalu after the purchase agreement closes next month, the company said. The two companies agreed to the purchase in January.

Salt Lake City -- Overstock.com said Friday it has named Stormy Simon and David Nielsen as co-presidents of the company.

Simon was previously SVP over customer and partner care and, with the promotion, will add oversight of warehouse logistics, press relations, social media and strategic marketing.  
 
Nielsen, promoted from SVP merchandising and supply chain, will add oversight of international sales, talent management and information technology.

CANTON, Mass. — Casual Male Retail Group, a specialty retailer of big and tall men's apparel and accessories, is changing its corporate name to Destination XL Group Inc. to reflect the company's transition to its Destination XL (DXL) retail stores and DestinationXL.com e-commerce website.

As previously announced, the company's ticker symbol was changed to "DXLG" effective Wednesday, Dec. 5, 2012.  The name change will be effective as of Monday, Feb. 25, 2013.

New York -- Wal-Mart de Mexico expects to spend up to $1.4 billion on investments in 2013. But the chain declined to discuss how many stores it will open.

The chain did say that it expects to increase total store space by 8% to 9% in Mexico and 6% in Central America this year.

"We think that the number of stores does not communicate much," said CEO Scot Rank in response to a question by an analyst, Reuters reported.

Atlanta -- Cincinnati-based Phillips Edison–ARC Shopping Center REIT has announced the acquisition of Macland Pointe, a 79,699-sq.-ft. shopping center anchored by a Publix grocery store and located in the Greater Atlanta, Georgia Metro Area.  

The acquisition of Macland Pointe brings the company's total portfolio to 34 properties anchored by 13 grocers in 15 states.

Macland Pointe is 92.8% occupied and anchored by a 55,999-sq.-ft. Publix.

Car Charging Group, an electric vehicle charging company, has named William Fields, former president and CEO of Wal-Mart Stores to its board of directors.  

During his 25-year career with Wal-Mart, Fields was responsible for over 2,000 stores and 600,000 employees, and directed strategic planning in operations, merchandising, marketing, and logistics.