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Mergers & Acquisitions

  • Grocery veteran named new CEO at Supervalu

    Supervalu Inc. has chosen a new leader to take the company forward as it prepares for a potential spin-off of Sav-a-Lot.

    On Wednesday the company announced the appointment of Mark Gross as its president and CEO. Gross, 52, will succeed Sam Duncan who has previously announced he will be retiring.

  • CVS Health opens first pharmacy within Target in North Carolina

    The first of the pharmacy-within-a-store concepts showcasing the CVS Health and Target partnership went live Wednesday morning in the Charlotte, North Carolina, market. CVS Pharmacy and Target executives participated in a grand opening celebration at the Target store on Weddington Road in Wesley Chapel

  • Publix heads north, enters seventh state

    Publix Super Markets has signed two leases for its first stores in Virginia.

    The first Publix locations in that state will be in Bristol and in the greater Richmond area of Glen Allen. The Bristol store, at 54,000 square feet, will be located at the northeast corner of Lee Highway & Clear Creek Road in Washington County. In the greater Richmond area, the Glen Allen store, at 49,000 square feet, will be located at the northeast corner of Nuckols Road & Twin Hickory Road in Henrico County.

  • Report: U.S. retail and consumer M&A value at five-year high in 2015

    The year 2015 was a big one for mergers and acquisitions in the retail and consumer sectors, with 31 multibillion dollar deals driving activity during the year.

    United States retail and consumer (R&C) total transaction value for 2015 hit a five-year high and surpassed the $100 billion mark for the third year in a row, according to PwC’s U.S. retail and consumer deals insights 2015 Year in Review and 2016 Outlook report.

  • Gordon Brothers finance unit names board member CEO

    Eugene Martin was named president and CEO at Gordon Brothers Finance Company succeeding Patrick Dalton who had previously announced plans to step down.

  • Kroger elevates two to division president roles

    The retirement of Kroger’s Nashville division president Rick Going and the earlier appointment of a new Fred Meyer president gave the supermarket company the opportunity to elevate two other executives.

  • Toys 'R' Us enlists big banks as finances improve

    Better than expected holiday season and full year profitability at Toys “R” Us has the left the company optimistic about 2016 and looking at a financial restructuring which could free resources for growth initiatives.

    Toys “R” Us said its estimated, unaudited and adjusted earnings before interest taxes, depreciation and amortization (EBITDA) increased 21% to $780 million during the fiscal year ended Jan. 30. Excluding a $42 million negative impact of foreign currency translation EBITDA grew 28%.

  • Carry On, Salt Lake City International Airport

    Brookstone has unveiled a new retail brand, Carry On, in the Delta Terminal at the Salt Lake City International Airport.

    Created for airport locations and designed by Boston-based Bergmeyer Associates, the approximate 800-sq.-ft. store offers an assortment of travel-friendly products, from “packable” apparel to luggage and wallets. Additional locations are expected to open this year.

  • Hancock Fabrics files for bankruptcy, considers sale of company

    Hancock Fabrics has filed for bankruptcy again and said it might put the entire company of 250 retail sewing and crafting stores up for sale.

  • Analysis: Why J.C. Penney will win with appliances

    Photo: J.C. Penney launched appliances at 22 stores in three test markets this week, including the inviting presentation shown above at a store in Tampa.

    Large appliances are back at select J.C. Penney stores after a 30 year hiatus and when – not if – the merchandising initiative is rolled out more broadly the contribution to same store sales growth could be huge.

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