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Mergers & Acquisitions

  • Survey: CFOs confident about economy

    Chicago - Nearly half of CFOs expect the U.S. economy to improve during the next six months and only 9% expect it to worsen, according to the Grant Thornton LLP 2014 Fall CFO Survey. The biannual survey reflects the insights of more than 1,000 CFOs and other senior financial executives across the United States.  

  • CEO out of fashion at Abercrombie

    Abercrombie & Fitch Co. has turned to a Sears veteran for leadership after longtime and occasionally divisive CEO Michael Jeffries abruptly retired.

    Abercrombie announced it will be run by a newly created Office of the Chairman, which includes former Sears CEO and current non-executive chairman of Abercrombie; COO Jonathan Ramsden; Christos Angelides, who oversees the Abercrombie & Fitch division; and Fran Horowitz, who leads Hollister.

    Martinez retired from Sears in 2000 after serving as chairman and CEO there for five years.

  • A&G Realty Partners to manage bankruptcy sale of Alcoo Stores

    Melville, New York - A&G Realty Partners, a commercial real estate, advisory and investment group, has been retained by Alco Stores to manage the sale of approximately 200 Alco store locations, as well as the company’s former headquarters. The sale is a result of the retailer’s Chapter 11 bankruptcy filing on October 12, 2014.  

  • A special gift awaits investors in The Buckle

    Plenty of retailers talk about returning cash to shareholders, but none does so as aggressively as The Buckle which just announced a whopper of a special dividend.

    The Kearney, Neb.-based operator of 463 stores said it would pay a $2.77 special dividend in addition to its regular quarterly dividend of 23 cents on Jan. 27 to shareholders of record on Jan. 15. It is the seventh consecutive year the debt-free specialty retailer of young men’s and women’s apparel has paid a special dividend on top of its quarterly payout.

  • RadioShack gets ‘weird’ for the holidays

    Eighties sensation Weird Al Yankovic is offering RadioShack a new hope for the holidays.

    Yankovic is appearing in the chain's holiday ad campaign called "Gift Smart.” In the ad, he sings his own unique take on the holiday song “Toyland.”

    "He's tech-savvy, smart and a social media guru," said RadioShack chief marketing officer Jennifer Warren. Yankovich has more than 3.5 million Twitter followers and 1.6 million Facebook fans. "I don't think there could be a better fit for our brand right now."

  • DLC Management announces 2.6-million-sq.-ft. portfolio acquisition

    Tarrytown, New York - DLC Management Corporation announced its latest acquisition of 11 retail assets in New York, North Carolina, Arkansas and Tennessee totaling 2.58 million sq. ft., of which 1.73 million sq. ft. is owned property.   According to DLC, this acquisition is the largest in its history. The The properties include:  
    • 2015 Walden Avenue, 26,500 sq. ft. – Cheektowaga, New York
    • Batavia Commons, 49,431 sq. ft. – Batavia, New York

  • Report: RadioShack denies that it defaulted on loan

    New York - Shack Corp. on Monday denied that it  defaulted on a loan from its term lenders—Salus Capital Partners and Cerberus Capital Management—less than a week after the chain initially disputed the allegations as “wrong and self-serving,” the Wall Street Journal reported.  

  • Eastern Mountain Sports hires retail planning firm

    Eastern Mountain Sports has enlisted JustEnough Software Corp., a leading provider of demand management solutions for retail, wholesale and direct-to-consumer businesses worldwide, to improve its inventory capabilities for its brick-and-mortar as well as its Internet site.

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