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Mergers & Acquisitions

  • Global retailer slowing down U.S. expansion

    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.

  • Tis the season for executive changes

    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.
     

  • AutoZone shifts to new exec gear

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

  • A fresh new look for A&P

    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.

  • Changing of the guard at Ann Inc.

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

  • A familiar face returns to Tilly's as CEO

    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.

  • BIG USA, RED Development add five properties to recently launched joint venture

    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.

  • Ross Dress for Less opens 274th California store Oct. 10

    Ross Dress for Less will open a new store in Redlands, California on Oct. 10. The 24,000-sq.-ft. relocation is in Mountain Grove at Citrus Plaza, and is being moved from its previous location at Tri-City Center.

    With this location, Ross will operate 274 stores in its largest state. The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.

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