Mergers & Acquisitions

Haggen has received approval from a federal bankruptcy court to sell 47 stores. Included in the sale are 33 supermarkets to Albertsons LLC, which formerly owned the stores. Albertsons sold the stores to Haggen just less than 12 months ago.

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It’s official: Smart & Final Stores is acquiring 32 Haggen stores in Central and Southern California.

Online retailer Jet.com has secured an additional $350 million in funding and joined the ranks of startup unicorns whose valuation exceeds $1 billion.

The parent company of Zales and Jared is looking forward to a happy holiday after producing third quarter results that met the company’s growth targets.

Guest appearances by Republican presidential candidate Dr. Ben Carson at Books-A-Million stores gave the retailer a modest sales lift in the third quarter.

The company said its sales increased 0.4% to $101.6 million and same store sales increased 1.6%, thanks in part to appearances by Republication presidential contender Dr. Ben Carson. However, signs of life on the top line did not translate to bottom line improvement as Books-A-Million reported a loss of $7.1 million, or 50 cents a share, that was in line with a loss from the prior year.

EDENS announced it acquired Casa Linda Plaza, one of the oldest shopping centers in the Dallas, Texas. The 323,000 sq. ft. center, was first opened in the late 1940s.

Casa Linda Plaza is located five miles northeast of downtown, situated on three of the four corners at the intersection of Buckner Boulevard and Garland Road. The center is anchored by Albertson's and Petco, as well as, mix of local and national retailers including Pie Wei, Torchy's Tacos, El Fenix Restaurant, Highland Park Cafeteria, and Elliott's Hardware to name a few.

Dollar Tree’s third quarter results weren’t as strong as the prior year, but all is well with the integration of Family Dollar and CEO Bob Sasser contends the combined company is well-positioned for the holidays.

Total sales increased 136% to $4.95 billion during the quarter ended Oct. 31, from $2.1 billion in the prior year’s third quarter. The surge in sales reflects the first full quarter in which sales from Family Dollar stores are included in results. Dollar Tree completed its acquisition of Family Dollar on July 6 creating a retailer with 13,600 stores.

X Team International announced that Mountain West Retail and Investment and Newmark Grubb ACRES completed sales of two grocery-anchored properties same-day.

Canyon Center, a 51,914-sq.-ft. property in Sandy, Utah, is anchored by Smith’s and Shopko; the seller was Dee’s Inc., a third generation, family-owned real estate company, and the buyer was Pacific Castle, a Southern California-based institutional investor.

“Now Trending” is an exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

The narrative is a familiar one: the scourge of online sales, encroaching ominously on brick-and-mortar market share, continues to siphon sales and transform the retail industry into an increasingly virtual landscape. Over the last few years, nearly every retail sales drop or unexpectedly poor performance has been laid at the feet of the Internet.

Saks Fifth Avenue Off 5th is making progress in its plans to open up to 25 locations across Canada by 2018.

The retailer announced three new locations in Canada: Toronto Premium Outlets, Halton Hills, Ontario; Rideau Street, Ottawa, Ontario; and Premium Outlets Montreal, Mirabel, Quebec City.