Mergers & Acquisitions

Strong same-store sales in the third quarter did not keep Genesco Inc. from lowering its guidance, as the company takes steps to reduce inventory through promotions and discounts.

The specialty retailer of hats and accessories said that for the third quarter ended Oct. 31, same-store sales increased 7%. Income was $32.9 million, or $1.43 per diluted share, compared to earnings from continuing operations of $28.8 million, or $1.21 per diluted share, for the prior year quarter. Revenue was $774 million from $723 million in the third quarter of fiscal 2015.

Bobrick Washroom Equipment has acquired the commercial youth seating line (high chairs, boosters and infant cradles) of Central Specialties, Crystal Lake, Illinois.

Koala Kare Products (KKP) Centennial, Col., a division of Bobrick, will be responsible for the sales, marketing and distribution of the product line with its current offering in the foodservice and hospitality markets.

The founder and ousted CEO of the embattled American Apparel is nothing if not determined.

Charney said he has hired Los Angeles-based Cardinal Advisors to evaluate options as he explores plans with new and existing investors and industry executives to revive the company, which filed for bankruptcy in October.

Saks Fifth Avenue Off 5th continues to expand north of the border.

The off-price retailer and Ivanhoé Cambridge announced an agreement to bring four new Saks Off 5th locations to Canada. The stores, the brand’s first in their respective markets, will open in four Ivanhoé Cambridge shopping centers: Tsawwassen Mills, Tsawwassen, B.C., Outlet Collection Winnipeg; Place Ste-Foy, Quebec City; and Montreal Eaton Centre, Montreal.

Here are the details on the four locations:

Rockville, Md. -- Federal Realty Investment Trust announced the addition of Ramsey D. Meiser to the newly created position of senior VP of mixed-use development reporting to executive VP of development Donald Briggs.

Dollar General Corp. missed Wall Street projections for sales in its third quarter, but the chain came out on top again in its earnings. It also named a permanent CFO.

The discounter on Thursday posted its fifth consecutive quarter of double-digit earnings growth. It was the third consecutive quarter that Dollar General beat the Street's projection for earnings.

Staples is willing to sell more assets to win antitrust approval for its $6.3 billion takeover of Office Depot, Bloomberg reported on Thursday. According to the wire service, representatives from Staples and Office Depot are meeting this week with Federal Trade Commission officials ahead of a Dec. 8 deadline for the agency to decide whether to approve the deal. [Bloomberg]

Sears Holdings Corp. is doing a much better job at cutting costs than at stopping its sales decline.