Mergers & Acquisitions

The New Year is off to a busy start at BJ’s Wholesale Club. Amid ongoing speculation about the retailer being a potential takeover target, BJ’s on Wednesday announced the closure of five clubs, several senior level personnel changes and released its December sales a day earlier than normal.

New York City -- Reports circulated Wednesday that several potential suitors, including Sears Holdings and Urban Outfitters, have been studying J. Crew’s books. Urban Outfitters is seriously weighing a counterbid for the high-flying preppy retailer, according to a report in The New York Times. At least two other private-equity firms are also receiving confidential data on the New York-based retailer, Bloomberg reported.

EL SEGUNDO, Calif. - Mattel announced that it has appointed Bryan Stockton, Mattel’s president of international, to the new position of chief operating officer, effective immediately. Stockton will report to Robert Eckert, chairman and chief executive officer of Mattel, as will Mattel’s finance, legal and human resources functions.

The company also announced that Neil Friedman, president of Mattel brands, will be leaving the company in March 2011.

Houston -- Datacert, a global provider of enterprise legal management solutions, announced that Walmart has selected Datacert's Passport technology platform, to help strategically manage the chain’s domestic legal processes and systems. In addition, Walmart will implement Datacert's matter management and spend management systems, which are built on Passport.

New York City -- Saks on Wednesday announced it plans to close its Saks Fifth Avenue store located in the Cherry Creek Mall in Denver, Colo., on March 19. With the closing, the company will have closed seven Saks Fifth Avenue stores since July 2010.

DEERFIELD, Ill. - Shortly after announcing a record-setting first quarter last month, Walgreens reported that its December sales rose 7.5% to $6.8 billion.

The chain said that Duane Reade stores, which Walgreens acquired in April 2010, contributed 2.5 percentage points.

Meanwhile, Walgreens also raked in a 9.5% increase for its total front-end sales, thanks to a spike in customer traffic and basket size. Pharmacy sales for the chain, which accounted for 58.6% of total sales for the month, saw a 6% boost.

Columbia, Md. -- Boardwalk Fresh Burgers & Fries said Tuesday it has signed a master franchise agreement with multi-unit restaurant developer Manu Patel to develop 40+ Boardwalk Fresh Burgers & Fries restaurants in Delaware, New Jersey, and the Philadelphia metro area.

London -- A Tuesday report by the Financial Times said that Andy Bond, former CEO of Asda, has left his post of part-time chairman of the United Kingdom’s second biggest supermarket by market share, a position that he has held for less than a year.

The report also said that Bond will leave Walmart as well, which owns Asda, once its $2.4 billion deal to acquire a majority stake in South Africa’s Massmart is complete around the end of March.