Mergers & Acquisitions

American Apparel’s preliminary results for its third quarter are not looking very good.

The beleaguered retailer said it could not meet the deadline to file a quarterly report for the three months ended Sept. 30, noting that efforts related to its Chapter 11 bankruptcy filing in October have taken up a good deal of its time.

But American Apparel released estimates in which net sales for the quarter were down 19.1% to $126 million.

Bethesda, Md. -- EDENS announced the appointment of Rob Wyant as COO. Wyant brings over 30 years of experience in the retail real estate industry, with most of his career spent at General Growth and Westfield. He will use his vast knowledge in leasing, property managements, legal and tenant coordination functions, to inspire operational excellence at EDENS.

The Kroger Co. on Wednesday announced plans to acquire Roundy's. Kroger will purchase all outstanding shares of Roundy's for $3.60 per share in cash in a deal valued at $800 million, including the assumption of debt.

Top Pot Doughnuts will open its third Texas retail café at the new Richardson CityLine development located in Richardson.

The Seattle-based doughnut and coffee chain operates 20 stores in the Seattle-Tacoma and Dallas areas.

"We are thrilled to be a part of CityLine,” saidTop Pot Doughnuts co-founder Mark Klebeck. "We look forward to serving the businesses in this highly anticipated development as well as the residents of Richardson and Plano.”

Macy’s blamed warm weather, weak foot traffic and excessive inventory for the company's worse-than-expected third quarter results and said it is studying real estate options for some of its most iconic stores.

Macy’s Inc. on Wednesday blamed warm weather, weak tourist traffic and excessive inventory for the company's worse-than-expected third quarter results. The company said it will not pursue spinning off its properties into a real-estate investment trust, but that it is studying real estate options for some of its most iconic stores.

Macy’s may be cutting back on the number of department stores in its portfolio, but the company is moving ahead with brick-and-mortar growth in other areas.

Over the next two years, Macy’s plans to open about 50 Macy’s Backstage stores in off-mall locations. The roll out builds on the launch of the off-price format this past September.

The Seattle Times is reporting that, according to court documents filed last week, Albertsons is currently bidding on 36 of 95 stores being sold by the now-bankrupt Haggen. Albertsons had previously sold 146 stores to Haggen as part of its acquisition of Safeway. [Seattle Times]