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Mergers & Acquisitions

  • Report sees return to “less exuberant” retail M&A market

    The mergers and acquisitions market in consumer-retail overall will be active in 2016, but will also return to a more rational market with better balance between buyers and sellers and more reasonable deal values for higher-risk acquisitions.

  • Nation’s largest electronics retailer smashes glass ceiling

    Women now make up the majority of the leadership team at Best Buy, theStar Tribunereported, with the retailer reaching the tipping point in April when it hired Trish Walker from Accenture as president of services. Having more gender diversity has been a commitment of Best Buy CEO Hubert Joly, who took over in September 2012, the report said.

  • Amazon takes another big step to control its own delivery logistics

    The e-commerce giant has entered into an agreement with Atlas Air Worldwide Holdings for Atlas to operate 20 Boeing Co. cargo planes for Amazon. Atlas Air will operate the 20 converted freighters for Amazon on leases from seven to 10 years. “We are excited to welcome a great provider, Atlas Air, to support package delivery to the rapidly growing number of Prime members who love ultra-fast delivery, great prices and vast selection from Amazon,” said Dave Clark, Amazon’s senior VP of worldwide operations.

  • Pat Catan opens its first store under ownership of Michaels

    Michaels Companies will unveil a 26,500-sq.-ft. Pat Catan’s Crafts and Floral store on May 13 – the first opening since Michaels acquired Pat Catan’s parent company earlier this year.

  • Surprise — The Limited debuts new store brand in hot niche

    The Limited has entered the fast-growing value retail sector.

    Moving under the radar, The Limited has quietly debuted a new store concept, called Backroom at the Limited, in six malls across the nation.

    The format offers a mix of work-to-weekend apparel, jewelry and accessories, with the merchandise made exclusively for the Backroom as well as the Limited’s outlet stores.

  • Abercrombie & Fitch Co. is losing its COO

    Teen apparel retailer Abercrombie & Fitch is losing a key member of its executive team.

    Jonathan Ramsden, COO, is resigning from Abercrombie effective June 15, 2006. Ramsden, who joined the company in 2008 as executive VP and CFO, was promoted to COO in 2014.

  • CEO of Claire’s Stores resigns; replaced by industry vet

    Beatrice Lafon, the CEO of teen accessories retailer Claire's Stores, has resigned and been replaced by a current member of the board, according to a Securities and Exchange Commission filing.

  • Hancock leases offer other retailers new growth prospects

    With rental rates rising, expansion minded retailers have a unique opportunity to satisfy their growth aspirations by capitalizing on below market rates available at nearly 200 former Hancock Fabric locations.

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