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Mergers & Acquisitions

  • Rite Aid Q3 revenues up 21.8%, calls special meeting to decide WBA merger

    Rite Aid on Thursday reported revenues of $8.2 billion, up 21.8%, for its fiscal third quarter ended Nov. 28, 2015.

  • Largest U.S. furniture retailer celebrates milestone store — with 100 more on tap

    Photo: (left to right) Thu Xuan, Thuy Nga, Duong Quoc Nam, Shari Wagner, Kevin Wagner, Minh Hua, and Robin Lim (PRNewsFoto/Ashley Furniture Industries, In)

  • Specialty retailer expands its global footprint

    Charming Charlie opened its first location in the Philippines, at Bonifacio High Street Central Square.

    The location showcases the brand’s newest retail store concept, and features signature double doors in vibrant pink lacquer and a residential-style interior that mixes feminine, mid-century accents with luxe materials and whimsical details.

    In the Philippines, Charming Charlie is exclusively distributed by Stores Specialists, a member of SSI Group, Inc., which has further growth planned for the brand in Cebu and Manila next year.

  • A&P bankruptcy pushes central New Jersey retail vacancy rate up

    The demise of The Great Atlantic & Pacific Tea Co. elevated the retail vacancy rate along central New Jersey’s major shopping corridors to 8.8% from 7.5% in 2014.

    That’s according to the latest study by R.J. Brunelli & Co. Despite the uptick, the region’s 2015 vacancy factor remained a healthy distance from the 10.2% recorded in 2013 and the eight-year high of 10.5% set in 2011, but was well above the period’s low point of 4.8% posted in 2008.

  • CVS Health enterprise on solid footing; raises midpoint of earnings outlook

    At its annual Analyst Day in New York Wednesday morning, CVS Health raised the midpoint of its earnings outlook for 2016.

  • Dick's Sporting Goods to backfill former J.C. Penney space at Cumberland Mall

    Vineland, N.J. -- PREIT announced its plans to open a Dick's Sporting Goods at Cumberland Mall in Vineland, New Jersey. The sports and fitness retailer will occupy the former J.C. Penney Department Store space in a 50,000 sq. ft. location.

    “This transaction demonstrates PREIT's continued success in replacing anchors with in-demand retailers,” states Joseph F. Coradino, CEO for PREIT "The addition of Dick's Sporting Goods will improve the merchandise mix and solidify the tenant roster at Cumberland Mall.”

  • CVS Health finalizes Target pharmacy deal

    CVS Health has completed its acquisition of Target’s pharmacy and clinic business for approximately $1.9 billion, the two companies announced Wednesday.

  • 7 ways CVS is driving growth in its stores

    At CVS Health’s annual Analyst Day held Wednesday here, Helena Foulkes, CVS/pharmacy president, shared significant details on the progress CVS Health has made to drive growth in its stores.

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