Mergers & Acquisitions

Seattle -- Nordstrom said Tuesday it will open two new full-line stores – one in Jacksonville, Fla., and the other in Woodlands, Texas.
 
The Florida store will open at St. Johns Town Center, a Simon Property and Ben Carter-owned shopping center. The 124,000-sq.-ft. store will be two levels and is expected to open in fall 2014.

ATLANTA — Newell Rubbermaid has appointed Doug Martin as CFO, succeeding Juan Figuereo.

Salisbury, N.C. -- Grocery parent Delhaize said Friday it has named former Wendy’s and Arby’s CEO Roland Smith as president and CEO of Delhaize America and executive VP of Delhaize Group. Smith succeeds retiring CEO Ronald C. Hodge, effective Oct. 15.

Hodge will continue to serve the company in an advisory capacity.

Delhaize America operates supermarkets under the Food Lion, Hannaford and Sweetbay banners.
 

Bensalem, Pa. -- SB Capital Group, Tiger Capital Group and Great American Group jointly announced Tuesday that, in tandem, they will begin to sell off all of the inventory in the 568 Fashion Bug stores in the United States.

The Charming Shoppes unit will be divested and fully closed.

As part of the process, Fashion Bug has retained more than 5,900 store and district personnel to assist in operating the stores through the completion of the sale process.
 

FORT WORTH, Texas and SAN DIEGO — RadioShack has partnered with Cricket Communications to offer a line of no-contract wireless phones at its stores nationwide.

The RadioShack no-contract wireless line-up will include some of the hottest smartphones on the market as well as a well-equipped feature phone, offering all the connectivity, productivity and entertainment consumers are looking for in a mobile device, the company said.

Mike Kahn, director of Alpha Camera Systems for Sony Electronics was named special advisor to the board of PMA, the Worldwide Community of Imaging Associations.

The move is long overdue for an 86 year old organization focused on serving the needs of the imaging industry as Kahn’s appointment marks the first time a manufacturer representative was named to a PMA executive committee.

New York -- Shares of Sears Holdings were under heavy selling pressure Thursday morning, sliding 7% to $53.38 on Standard & Poor's. S&P plans to remove the chain from its S&P 500 Index because the chain’s public float has has been below the index's 50% threshold for an extended period of time.

The Sears' name, in one form or another, has been in the S&P 500 since it was created some 55 years ago. Sears will be removed from the index at the close of trading on Sept. 4. The retailer will be replaced by chemical maker LyondellBasell.

BRUSSELS — Delhaize's U.S. division has a new leader.

The supermarket conglomerate announced that Roland Smith will serve as Delhaize America's president and CEO, as well as EVP of the Delhaize Group, effective Oct. 15. Smith is replacing Ronald Hodge, who will be retiring from his post this year. Hodge will serve in an advisory role to ensure a smooth transition.