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Mergers & Acquisitions

  • Cache has interested buyer

    New York –  Specialty retailer Cache Inc. has received an inquiry about a potential sale of the company to a third-party buyer. The Cache board will explore and evaluate strategic alternatives including a possible merger, sale or other form of business combination.    

  • CROSSMARK names Dell veteran as CEO

    CROSSMARK, a leading provider of marketing and merchandising services, has appointed Steve Schuckenbrock as CEO.

    CROSSMARK’s current CEO, Ben Fischer, will become the company's chairman and will play an integral role in the leadership transition. These leadership changes are effective immediately.

    Schuckenbrock has more than 30 years of executive leadership experience at such high-performing, global companies such as Dell, EDS, PepsiCo, Frito-Lay and IBM. He also has deep knowledge in the areas of customer satisfaction/retention and innovation.

  • Best Buy says goodbye to China stores

    Minneapolis –  While some retailers, including Wal-Mart Stores, are ramping up their store presence in China,  Best Buy Co. is pulling up stakes. The consumer electronics chain has entered into a definitive agreement for the sale of its Five Star business to the Jiayuan Group, a China-based real estate firm.   

  • Aeropostale posts loss for 8th straight quarter

    Challenging times continue for teen retailer Aeropostale, as an 11 percent drop in same-store sales leads the company to report its eighth straight quarterly loss.

    The retailer also said it would close 75 stores in the fourth quarter.

  • Dollar General to open 730 stores and remodel 875 locations in 2015; entering three new markets

  • Avison Young completes $15 million sale of Brannon Crossing

    Atlanta - Avison Young has completed the $15 million sale of Brannon Crossing, an upscale shopping center with 60,780 sq. ft. of leasable space located at 405-435 Peachtree Parkway in Cumming, Georgia, just outside of Atlanta. The transaction comes on the heels of the firm’s recent disposition of the 27,057-sq.-ft. Lindbergh Crossing Shopping Center in Atlanta for $7.06 million.

  • Barnes & Noble Q3 profit slips, ends Nook deal with Microsoft

    New York – Consolidated net earnings dropped 8% at Barnes & Noble Inc. in the third quarter of fiscal 2015, to $12.3 million from $13.2 million. An increase in selling, general and administrative (SG&A) expenses helped drive the drop in profit.   Second quarter consolidated revenues decreased 3% to $1.69 billion from $1.75 billion.   

  • Walgreens names new CMO

    Walgreens Walgreens has named Linda Filler as president of retail products and chief merchandising officer effective Jan. 1.

    Walgreens President and CEO Greg Wasson said: “With the addition of Linda, our retail products division will be well-positioned to join with Alliance Boots to deliver the unique combination of products and services that will set apart our future combined company.”

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