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Mergers & Acquisitions

  • Columbia Sportswear charts new leadership path

    Columbia Sportswear Co. is re-aligning its executive ranks in order to drive sustainable and profitable growth.

    “Strong momentum behind each of our largest brands drove our global net sales to more than $2.1 billion in 2014 and is expected to fuel continued double-digit currency-neutral growth in 2015,” Chief Executive Officer Tim Boyle said. “The leadership changes that we are announcing today are intended to position us to secure the significant global growth potential that we believe exists within each of the brands in our portfolio.”

  • ShopKo growth surge due for late March

    Regional discount retailer Shopko will experience its most dramatic growth in many years later this month when its Hometown stores division takes over locations from the now defunct Alco Stores chain.

  • Shopko accelerating expansion of Shopko Hometown format; 20 stores opening in March

    Green Bay, Wis. -- Shopko on Monday announced plans to open 20 new Shopko Hometown stores in late March. The company recently acquired the rights to occupy the 20 stores, with locations primarily in Texas, North Dakota, Kansas and Minnesota, which were previously operated by Alco Stores.

    The conversion to the Hometown banner will include a mix of new interior and exterior signage, carpet, paint, updated and supplement fixtures and lighting, improved store design and layout, as well as an expanded merchandise mix.

  • The Finish Line’s Running Specialty Group acquires four-store, NYC-based JackRabbit Sports

    Denver -- The Running Specialty Group (RSG), a division of The Finish Line, has expanded its presence in the New York City area with the addition of JackRabbit Sports, consisting of four locations. Additionally, JackRabbit owner and founder, Lee Silverman, will join RSG’s leadership team in Denver as senior VP of brand strategy.

  • Gap Q4 tops estimates as Old Navy, online surges; 20 Athleta stores on tap

    San Francisco -- Gap Inc. reported stronger-than-expected fourth-quarter results on Thursday, fueled by surging sales at Old Navy and strong online results. But it offered a disappointing profit outlook for 2015 as it feels the impact of the stronger U.S. dollar and West Coast port delays.

  • Blue Nile names private equity exec to board

    Seattle - Blue Nile, Inc. has added Robert van Schoonenberg to its board of directors, effective Feb. 23. van Schoonenberg is chairman and CEO of BayPoint Capital Partners LLC, a private equity firm, and a co-managing partner of AmeriCap Partners LLC, a growth capital investment firm.

    Prior to sale of the company to a strategic investor in June 2010, he was an investor in and served as chairman of Premiere Entertainment LLC, a company in the business of digital broadcast production.

  • Report: GameStop bids on RadioShack leases

    GameStop is trying to boost the number of its stores by bidding on 163 leases from RadioShack Corp, according to Bloomberg.

    The news service reports that Spring Communications, the wireless unit of GameStop, submitted and won a significant bid for the leases.

  • Giant Eagle exits discount grocery; closing Good Cents Grocery + More

    New York -- These are tough times for discount grocery stores — unless the company happens to be the fast-growing Aldi. Pittsburgh-based supermarket operator Giant Eagle plans to close all eight of its Good Cents Grocery + More stores. The closures are set for March 26.

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