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Mergers & Acquisitions

  • Kmart exec to head up Pier I

    A former executive at Sears Holdings Corp. has has been named president and CEO of Pier I Imports.     Alasdair James, 46, will take the reins of the home décor chain on May 1, 2017. He replaces Alex Smith, who was ousted from the company at the end of last year amid slumping sales.   

  • U.S. grocer taps former Lidl exec as new CEO

    As German discount giant Lidl prepares to enter the U.S. market, Save-A-Lot is bringing in a new chief executive officer whose resume includes a 13-year stint at the European chain.      The discount supermarket chain has appointed Kenneth McGrath as CEO, effective April 21, 2017. He succeeds Eric Claus, whose departure was described as a “mutually agreed” parting of the ways.   

  • Appliance, electronics retailer in deal with Aaron’s

    Conn’s has found a new third-party lease-to-own partner.   The retailer said it has formed a partnership with Progressive Leasing, a subsidiary of Aaron’s, to provide lease-to-own payment solutions to customers who do not qualify for Conn’s proprietary credit offering.   Conn’s has entered into an exclusive three-year agreement with Progressive Leasing to offer Conn’s customers Progressive’s lease-to-own program.  

  • Report upbeat about retail industry

      A just-released analysis of the U.S. retail sector offers positive news for an industry that has been subject to some gloomy assessments in recent times.   Despite the rash of recent Chapter 11 filings and store closings, the U.S. retail sector as a whole remains incredibly strong and shows no signs of slowing down, according to a report by business intelligence firm Creditsafe USA.  

  • Jet.com shuts down 'cash-back' rewards program

    The Jet Anywhere rewards program is preparing for its final descent.   As of May 1, Jet.com is pulling the plug on a program that rewards consumers for shopping on its retail portal. As shoppers enter the Jet Anywhere e-commerce portal, they can click through and shop at more than 600 retail partners, including Foot Locker, Land’s End, Saks Fifth Avenue, Lord & Taylor and Bloomingdales, among others.   

  • Fashion retailer expanding into new markets

    South Moon Under is on the move. The on-trend fashion retailer, which carries a variety of contemporary brands, will open its first stores in the South in April, with locations at Ponce City Market, Atlanta, and Avalon, Alpharetta, Georgia. In the fall, the company will open a store at Shops Around Lenox, Atlanta.

  • Fashion retailer expanding into new markets

    South Moon Under is on the move.   The on-trend fashion retailer, which carries a variety of contemporary brands, will open its first stores in the South in April, with locations at Ponce City Market, Atlanta, and Avalon, Alpharetta, Georgia. In the fall, the company will open a store at Shops Around Lenox, Atlanta.    

  • Report: Walgreens sets deadline for approval of Rite Aid deal

    The latest move by Walgreens Boots Alliance in its pursuit of the Rite Aid may be a bet that a Trump-appointed FTC chief will finally push the deal through.  

  • Furniture retailer terminates referral program with appliance partner

    Rent-A-Center is taking another step toward repositioning the company for profitability.   The furniture retailer’s Acceptance Now division is terminating its referral agreement with Conn’s Appliances. These accounts consistently underperformed compared to the rest of its ANow portfolio in terms of delinquencies, losses and product returns.   

  • Auto parts retailer names company veteran as new CEO

    U.S. Auto Parts has a new leader at the helm.   Aaron Coleman has been appointed as the company’s CEO and director, effective immediately. He succeeds Shane Evangelist, who served as CEO and a director since 2007. Evangelist recently resigned.  
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