Strategy

The Kroger Co. on Wednesday announced plans to acquire Roundy's. Kroger will purchase all outstanding shares of Roundy's for $3.60 per share in cash in a deal valued at $800 million, including the assumption of debt.

JCPenney says the company's third quarter results will "exceed expectations" despite a $50 million settlement charge to settle a false advertising class action lawsuit. 

The company announced Wednesday that it has reached an agreement to settle a false advertising class action lawsuit brought on behalf of California customers who purchased certain JCPenney private or exclusive branded products.

Macy’s blamed warm weather, weak foot traffic and excessive inventory for the company's worse-than-expected third quarter results and said it is studying real estate options for some of its most iconic stores.

American Apparel’s preliminary results for its third quarter are not looking very good.

For merchants looking to sustainably grow their revenue and future-proof their business in an ever-increasing competitive landscape, there is almost no better decision they can make than expanding beyond their domestic market.

The Seattle Times is reporting that, according to court documents filed last week, Albertsons is currently bidding on 36 of 95 stores being sold by the now-bankrupt Haggen. Albertsons had previously sold 146 stores to Haggen as part of its acquisition of Safeway. [Seattle Times]

Ikea’s U.S. expansion to bring it to another new market

Ikea is looking to open its first store in the state of Indiana.

The home furnishings giant is submitting plans to the City of Fishers, Indiana, to open a 296,000-sq.-ft. store 15 miles northwest of downtown Indianapolis.

Pending approvals, construction of the new Ikea could begin as early as summer 2016, with an opening in fall 2017.

Single adults, a lucrative demographic that now comprises half the U.S. population, continues to be overlooked or misrepresented by U.S. marketers and retailers, according to a report by retail marketing agency TPN and market insights firm C+R Research.

The study, "Millions of Singles, Billions at Stake: The Rise of the New Independents," busts myths and stereotypes to help brands and retailers understand, engage and celebrate singles.

Leo A Daly announced that Mary Schaffer has joined the firm’s Minneapolis office as director of architecture. In this role, she oversees scheduling, staffing, mentorship, and quality review for the office’s architectural services.

Shaffer joins Leo A Daly from the University of Minnesota, where she helped manage capital projects and oversee all aspects of design and planning.

She was also principal design project-manager for Target Corporation, where she led retail and corporate projects in India and the United States.

Fort Lauderdale, Fla. -- EDENS adds seven new retailers to its Union Planters Plaza located in Fort Lauderdale, Florida. These openings follow the center's complete redevelopment which included the addition of a community green space.