Mergers & Acquisitions

Photo: Pete Van Helden has been named chief executive of Stater Bros. Markets

Sidecar, an early pioneer in the ridesharing and delivery app space, shut down as of Dec. 31.

Saks Fifth Avenue has another store to its lineup at Brookfield Place in downtown Manhattan.

The retailer, a division of Hudson’s Bay Company, said it will open a 16,750-sq.-ft. dedicated men’s store at the center, in spring 2017. As previously announced, Saks will open an 85,000-sq.-ft. full line store at Brookfield Place.

The bidding war for Pep Boys continues with activist investor Carl Icahn increasing his bid for the auto parts chain.

Pep Boys – Manny, Mo & Jack on Tuesday said its board has delivered a notice to Bridgestone to terminate the agreement the chain made with the company last week. The action comes on the heels of a bid on Monday by Icahn Enterprises of $18.50 per share, up from its previous offer of $16.50, versus Bridgestone's offer of $17 per share. Icahn’s latest offer values the chain at about $1 billion.

Duluth Holdings built its brand online and now, fresh of its first quarter as a public company, the quirky apparel retailer thinks it could open as many as 100 stores.

There’s been a top-level shakeup at Abercrombie & Fitch Co., with the company announcing a big promotion for one executive and the departure of another.

The retailer elevated the head of its Hollister brand, Fran Horowitz, to the newly created role of president and chief merchandising officer with responsibility for all brands. It also announced the departure of Christos Angelides, who has served as president of the Abercrombie brand since October 2014. And it said that it has suspended its active hunt for a CEO.

Three City Sports stores are being given a new lease on life.

Modell’s Sporting Goods has acquired three prime Northeast locations from City Sports, which filed for bankruptcy protection in October 2015 and subsequently announced plans to close all its stores. Beginning in early 2016, the stores, which range from 7,500 sq. ft. - 9,000 sq. ft. and are located in Philadelphia, Boston and Washington, D.C., will start to transition to the Modell’s format.

Batavia, Ill. -- Mid-America Real Estate Corp. announced its Investment sales team brokered the sale of The Shoppes at Windmill Place in Batavia, Illinois. Cincinnati-based Phillips Edison purchased the 122,176-sq. ft. grocery-anchored property.

The Shoppes at Windmill Place is anchored by Jewel Osco and features national retailers including Comcast, Dunkin’ Donuts, Mattress Firm, Subway and more.

Security technology specialist Tyco International plc is continuing to expand its focus on providing store analytics to retailers.

Tyco has reached a definitive agreement to acquire ShopperTrak, a global provider of retail consumer behavioral data and location-based analytics, for approximately $175 million in cash.

Based in Chicago, ShopperTrak provides customer traffic and related intelligence to more than 1,200 retailers in 97 countries.

Abercrombie & Fitch elevated the head of its Hollister brand to the newly created role of president and chief merchandising officer after announcing the departure of another top executive.