Mergers & Acquisitions

Toronto – Real estate transactions helped Sears Canada swing to a profit in the second quarter even as revenue and same-store sales decreased.

The retailer on Wednesday reported net earnings of $13.5 million, compared to a net loss of $21.3 million the same quarter a year earlier. The company, which has been working to turn around its business, also announced additional cost-cutting plans and real-estate sales.

Newcastle, Wash. -- Retail Properties of America announced that it has closed on the off-market acquisition of Coal Creek Marketplace, a 56,000 sq. ft. grocery-anchored center located in Newcastle, Washington for approximately $17.6 million. The center is currently 95% occupied and anchored by Quality Food Centers, a subsidiary of Kroger.

The value of a super premium domain name that people instinctively visit during the holidays will be revealed soon as a leading asset disposition firm looks to extract maximum value for Santa.com.

Boise, Idaho -- Haggen’s acquisition of 146 Albertsons and Safeway stores is shaping up as a disaster and the reasons why are detailed in a new lawsuit that puts the blame squarely on the parent company — Albertsons Holdings — of the divested stores.

Chesapeake, Va. -- Dollar Tree swung to a loss in its second quarter on higher integration costs related to its acquisition of a formal rival. But its revenue skyrocketed as a result of the merger.

On July 6, Dollar Tree completed its $9 billion acquisition of Family Dollar Inc.

After a monthslong search for a new president and chief executive, the Fresh Market Inc. has turned to a retail veteran to provide leadership at a time when the company's growth has been stagnant. 

The Fresh Market announced that its board of directors has named veteran food retail executive Richard Anicetti as the company’s president and CEO, effective immediately. Anicetti has also been elected to the company’s board of directors.

Greensboro, N.C. -- The Fresh Market named a veteran food retailer who once led Food Lion as its new president and CEO. The hiring follows the abrupt termination of the chain's former CEO and comes as the once high-flying chain has seen its sales stagnate.

San Jose, Calif. – PayPal Holdings Inc. is combining the management structure for its product and engineering departments.

Hill Ferguson, who served as senior VP of PayPal’s consumer business, has resigned his position.

Ferguson’s role will not be directly replaced. Instead, Bill Ready, senior VP and global head of merchant and next-generation commerce, is also assuming control of the consumer side of operations. This means he will oversee all product and engineering activities.