Mergers & Acquisitions

Sephora and Ulta are successful retailers in their own right, but Bluemercury founder Barry Beck wants to chart a different growth path for the company Macy’s acquired earlier this year.

When Macy’s announced in February it was buying beauty retailer Bluemercury, a lot of watchers wondered what the little-known niche retailer could offer the nation’s second largest department store chain. The answer to that question lies in something the founder of Bluemercury calls “exceptionalism.”

Did Japanese retailer Uniqlo miscalculate its appeal to American shoppers?

The company, a division of Fast Retailing, is moving into the slow lane with regards to its U.S. expansion. Uniqlo now plans to open only five U.S. locations in its current fiscal year, which began on September 1, 2015, after opening 17 in its most recently completed year.

Uniqlo, which has more than 1,600 stores worldwide, operates 43 stores across the United States.

The nation’s leading automotive specialty retailer realigned responsibilities among a trio of senior executives.

The Stop & Shop division of Ahold hopes to excite food shoppers in the New York area by bringing its brand of retail to 25 tired stores it acquired from A&P.

Stop & Shop completed its acquisition of the A&P stores on Oct. 8 and said it plans to convert the locations in groups of five with the entire process completed by Friday, Nov. 13. Store being converted will close for roughly seven days to allow crews to complete the process.

Ascena Retail Group named a new executive to lead its recently acquired Ann Inc. division.

Teen apparel and footwear retailer Tilly's has tapped an executive who previously led the company to fill the shoes of Daniel Griesemer who stepped down as president, CEO and a member of the board effective Oct. 7.

The same day that TJX announced the retirement of its CEO, Ascena Retail Group named a new executive to lead its recently acquired Ann Inc. division.
 

Phoenix -- BIG Shopping Centers USA and RED Development announced the addition of five retail assets totaling nearly 1.5 million sq. ft. in Arizona, Nebraska and Wisconsin to their recently launched joint venture BIG RED Portfolio.

The joint venture was launched in late 2014 with the acquisition of Camelback Colonnade in Phoenix. With the recent acquisition the portfolio now consists of nine retail assets totaling nearly three million sq. ft. in three states.