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Mergers & Acquisitions

  • The TJX Companies extends its e-commerce reach

    FRAMINGHAM, Mass. — The TJX Companies has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming, for approximately $200 million in cash.

    The purchase was financed from TJX’s existing cash balances.

  • Bed Bath & Beyond weathers Sandy

    Third quarter same store sales at Bed Bath & Beyond were negatively affectivd by Hurricane Sandy, but the nation’s leading home good retailer still managed to grow profits.

  • Sam’s Club and Target execs team up at RadioShack

    Former Sam’s Club SVP and GMM Huey Long and former Target EVP of stores Troy Risch have joined forces to right the ship at RadioShack.

  • Valspar edges out Benjamin Moore

    Valspar will become the new paint supplier for Ace Hardware, according to Retailing Today sister publication Home Channel News.

    Said to be in the final stages of inking the deal, Valspar would replace Ace Hardware’s signature brand Benjamin Moore.

  • Former Best Buy exec jumps to Symantec

    MOUNTAIN VIEW, Calif. — Symantec, a global leader in security, backup and availability solutions, has appointed Stephen Gillett as its EVP and COO.

  • Rite Aid swings to profit in Q3, lifts forecast

    Camp Hill, Pa. -- Rite Aid Corp. reported Thursday a profit of $60.5 million for the quarter ended Dec. 1, compared with a year-earlier loss of $54.5 million and marking the first time since quarter-ended May 2007 that the drugstore retailer has turned a profit.
     
    Rite Aid also raised its forecast for the year, abandoning earlier forecasts of a loss for the year and instead suggesting that the company may turn an annual profit.
     

  • BBC exec joins HSN, Inc. board

    ST. PETERSBURG, Fla. — Interactive multichannel retailer HSNi has appointed BBC executive Ann Sarnoff to its board of directors.

    Sarnoff will also serve on HSNi’s Compensation and Human Resources Committee. Her appointment expands the number of board members to ten.

  • Crossmark gets private equity infusion

    Warburg Pincus has acquired a majority ownership stake in Crossmark, a leading provider of sales and marketing services to retailers and suppliers.

    The companies said they entered into a definitive merger agreement whereby Warburg Pincus will make a majority investment of an undisclosed amount in Crossmark that allows for the management owners of the company to maintain a significant equity position and continue to actively lead the company after the transaction closes.

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