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Mergers & Acquisitions

  • Report: Leading pet retailers may merge

    The two biggest specialty pet retailers in the U.S. may merge. According to Reuters, Petco Holdings Inc. is considering a possible acquisition from chief rival PetSmart Inc.

  • Major retailer CEO joins Yum Brands board

    The CEO of one of America’s most prominent discount retail chains has joined the board of directors of quick service restaurant operator Yum Brands. Target CEO Brian J. Cornell, 56, is now a member of the Yum Brands board.

  • Transwestern sells Alabama center for $18.5 million

    Transwestern's Southeast Investment Services Group representedKentucky-based Langley Properties Co. in the disposition of Pelican Place at Craft Farms for$18.5 million.Atlanta-based RCG Ventures acquired the 229,911-sq.-ft. shopping center located inGulf Shores, Alabama.

    Transwestern VPFred Victorrepresented the seller in the transaction. RCG was represented in-house byScott Tarbet, VP of acquisitions.

  • Rite Aid beats street in Q2, adjusts guidance

    Rite Aid on Thursday reported $7.7 billion in revenue for its fiscal second quarter ended Aug. 29, representing an increase of 17.5%. Retail pharmacy segment revenues were $6.6 billion and increased 1.9%, primarily as a result of an increase in same-store sales. And pharmacy services segment revenues were $1.1 billion from the date of the acquisition of EnvisionRx — June 24 — through the end of the quarter. 

  • Smart & Final shuffles board

    Smart & Final Stores Inc. is shuffling the membership of its board of directors. The discount grocer has elected Paul N. Hopkins and Kenneth I. Tuchman to the board.

    Hopkins is the former chairman of the board of directors of insurance company Farmers Group Inc. and CEO of its Americas operations, including Latin America and shared services operations. 

  • Ascena weighed down by writedowns in Q4

    Justice continues to be a drain for the Ascena Retail Group, but in the fourth quarter Lane Bryant also proved to be a burden, as the company reported a drop in same-store sales.

    The operator of Justice, as well as stores under the Lane Bryant, Cacique, Maurices, Dressbarn, and Catherines brands, said combined same-store sales declined 2% during its fourth quarter of fiscal 2015 ended July 25.

  • Taubman Centers names new CFO

    Taubman Centers named Simon J. Leopold, treasurer and executive VP, capital markets, as CFO, effective Jan. 1.

    Leopold will succeed current CFO Lisa A. Payne, who will continue as vice chairman until she leaves the company in March. Payne has been with the shopping center development and management company since 1997. Earlier, she was a vice president of Goldman, Sachs & Co.’s investment banking division.

  • Men’s Wearhouse brings acquired company’s warehouse up to speed

    Retail acquisitions are never easy, and generally involve significant systems and process overhauls.

    The June 2014 purchase of Jos. A. Bank by The Men’s Wearhouse is no exception, as evidenced by its recent upgrade of Jos. A. Bank’s warehouse management.

  • Hancock Fabrics, Fred's vet to be new CFO at Gordmans

    Gordmans Stores has named a veteran from Hancock Fabrics to take over as CFO.

    The Omaha-based apparel and home decor retailer announced that James B. Brown has been appointed executive VP and CFO effective immediately.

  • Exclusive: Maximizing Value Through Effective Anchor Tenant Renewals

    Nothing will have a greater impact on the value of your shopping center than how you approach an anchor tenant lease expiration.

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