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Mergers & Acquisitions

  • Retail vet joins Talbots’ board

    The Talbots announced that Michael Weiss, longtime CEO of Express, has joined the Talbots board of directors, effective Sept. 1, 2012.     Weiss held various leadership roles at Express, most recently serving from 2007 to 2015 as chairman, president and CEO. He joined Limited Brands in 1981 as the merchandise manager for an eight-store experimental division that became Express.     

  • Another sports retailer files for bankruptcy

    The waning popularity of golf has taken its toll on the nation’s largest specialty golf retailer.

    Golfsmith International Holdings Inc. on Wednesday filed for Chapter 11 bankruptcy protection, amid increasing debt and citing a strategy that it launched several years back to open bigger, most costly stores at a time when golf was beginning to decline in popularity. (Just last month, Nike last month announced it was leaving the golf hardware business, its worst-performing division. Adidas is selling its golf equipment business. )

  • Brookshire opens 25 smaller-format stores

    Brookshire Grocery Co. is expanding its portfolio with a new, smaller-store store format.

    The chain held three ribbon-cutting ceremonies on Sept. 13, completing the openings of 25 new Spring Market stores in Texas. The stores are located on former Walmart Express sites, which Brookshire acquired in July.

    The stores bring Brookshire’s total store count to 177.

  • Now Trending: Is it closing time?

    I’ve been thinking quite a bit lately about an article I read earlier this summer, a piece by Krystina Gustafson that appeared on cnbc.com entitled, “For retailers, closing stores isn't as easy as it once was.”  

  • Weis Markets in store conversions

    Weiss Markets is expanding its store portfolio.

    The retailer plans to convert 38 Food Lion supermarket locations to Weis Markets stores. Weiss Markets has completed the purchase of 38 Food Lion stores and plans to convert the locations to the Weiss banner by the end of October. The acquired stores are located in the states of Maryland, Virginia and Delaware.

  • Flip-Flop Shops on the move

    Flip Flop Shops is expanding in both the physical and online channels.   The company, which was acquired by Cherokee Global Brands last year, is introducing a new “super kiosk” format. Measuring approximately 300 sq. ft. and built in the shape of a giant flip flop, the concept is slated for national rollout. It is designed to offer a nimble and novel format expansion to Flip Flop Shops’ retail presence.  

  • Report: Nasty Gal on hunt for a buyer

    Apparel retailer Nasty Girl, one of the hottest apparel merchants on the Internet just a few years back, is looking for a possible buyer, Women’s Wear Daily reported.  

  • Lowe’s welcomes new senior VP

    James Han has joined Lowe's Cos. as senior VP of business development.    In this new role, Han is responsible for accelerating the company's business development strategy which involves identifying and implementing growth opportunities through new and emerging businesses, exponential innovation and corporate ventures. He reports to chief development officer Richard Maltsbarger.  

  • Famed New York retailer—and felon—dies

    The man who founded the Crazy Eddie consumer electronics chain has died at the age of 68.   Eddie Antar grew his company from one location in Brooklyn, New York, to the largest electronics retailer in the New York metro area in the 1980s, with 43 stores in four states.  The chain gained national fame for its television commercials which featured a maniacal-looking pitchman (which many people mistakenly took to be Antar) screaming at the end of the spot that Crazy Eddie’s prices were  “insane.”  

  • California home furnishings chain names CEO

    Photo: Brian Woods

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