Mergers & Acquisitions

A home improvement start-up with a green conscience and niche positioning is finally ready to expand out of its Austin, Texas, hometown.

TreeHouse will serve as the anchor tenant at The Hill, a new North Dallas shopping center being revived, refreshed, and repositioned by Dallas developer, Cypress Equities. The store, which will be designed by Lake|Flato Architects, is slated to open in early 2017. It will be the retailer’s second location, but perhaps not for long.

Macy’s says cold weather in January helped the retailer report a better than expected decrease in same store sales for the fourth quarter even as the company explores an expansion of its off-price and beauty formats.

For the period ended Jan. 30, same store sales fell 4.3%, slightly less than the 4.7% fall it had estimated. Total sales declined to $8.87 billion.

Cold weather in January helped Macy’s report a decline in same-store sales for the fourth quarter that was less than analysts had expected. In other news, the chain announced plans to expand its off-price and specialty beauty formats.

For the period ended Jan. 30, Macy's net income fell 31% to $543 million, dragged down by store closings and other costs.

Adjusted profits were $2.09 per share, better than the $1.86 per share estimate from analysts, according to Zacks Investment Research,

Los Angeles -- CBRE Group announced that Mark Hunter has joined the company as managing director of retail asset services, the Americas. Hunter will assist CBRE in expanding its industry services for third party management of retail properties further into the mall sector. He will lead CBRE’s offering of services such as asset management, leasing, accounting, consumer marketing and development for malls generally exceeding 500,000 sq. ft.

Demand for shares of Ollie’s Bargain Outlet is such that the retailer has increased the size of a secondary offering.

Photo: Matthew Tice (left) and Mark Cosenza (right)

Demand for shares of Ollie’s Bargain Outlet is such that the retailer has increased the size of a secondary offering.

The losses are mounting at one of New York City’s most beloved supermarket chains, the 80-year-old Fairway Market, as it battles increased competition from the likes of Trader Joe’s and Whole Foods Market. Fairway Group Holdings Corp., is on the cusp of default, and the next step could be bankruptcy court, Crain’s New York reported. The company warned investors in a regulatory filing on Feb. 5 that it could breach its loan agreements.