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Strategy

  • DEB Shops selects Cassidy Turley for project management

    New York -- St. Louis Real estate services provider Cassidy Turley announced that its retail corporate services team has been awarded project management services for DEB Shops new and remodeled stores throughout the United States.

    Cassidy Turley will work with DEB to manage all components of the program, from store planning and design through construction, fixturing, closeout, and opening.

  • Agree Realty named Florida development partner for Wawa

    Armington Hills, Mich. -- Agree Realty Corp. announced it has been named a Florida development partner for Wawa, which operates more than 590 convenience stores in Pennsylvania, New Jersey, Delaware, Maryland and Virginia.

    “We are extremely pleased and tremendously excited to partner with Wawa on their expansion into Florida. Their pioneering approach to the convenience store and fuel station experience will offer Floridians additional choices and varieties that they have never had,” said Joey Agree, president and COO.
     

  • Barneys gets new owner in debt-for-equity swap

    New York -- Barneys New York said that it has reached an agreement with its largest lender, Perry Capital and other lenders to significantly reduce the retailer’s debt and improve its capital structure. Under the arrangement, Perry Capital has become the majority owner of Barneys. Under a debt-for-equity swap with Perry Capital, as well as other lenders, Ron Burkle's Yucaipa Cos and current owner Istithmar World, the chain's long-term debt will fall to $50 million from $590 million. The deal makes Perry Capital the majority owner of Barneys.

  • The new rules of department store reinvention

    By Robin Lewis, [email protected] and Michael Dart, [email protected]

  • Frederick’s of Hollywood exploring possible sale

    Hollywood, Calif. -- Frederick's of Hollywood Group Inc. has retained Allen & Co. LLC, a New York-based investment bank, to assist the retailer in evaluating and exploring a broad range of strategic alternatives, including a sale of the company or a business combination.

  • B&Q deploys SAP’s forecasting and replenishment application

    Eastleigh, United Kingdom -- SAP AG announced that British multinational home-improvement retailing company B&Q has gone live with the SAP Forecasting and Replenishment application. The deployment is part of the chain’s "Project Clover" business transformation program.

  • Sycamore Partners raises offer for Talbots

    Hingman, Mass. -- The Talbots Inc. said it has received a raised takeover offer of $214.6 million from private equity firm Sycamore Partners. The company also said it entered an exclusivity agreement with Sycamore, which will end on May 15.

    Talbots said Sycamore had offered to pay $3.05 per share -- slightly higher than the $3.00 per share offer it made in December.

    The board of retailer said it continues to evaluate strategic alternative.

  • Alice Walton to speak at U of A graduation

    Alice Walton, the daughter of Walmart founder Sam Walton and his wife Helen, is slated to deliver the commencement address at the University of Arkansas on Saturday, May 12.

  • We don’t need no stinking badges – WMT execs guilty!

    The California State Teachers’ Retirement System (CalSTRS) this week filed a lawsuit against current and former Walmart executives stemming from the April 22 New York Times article, which chronicled the company’s alleged use of bribes to accelerate expansion in Mexico and efforts by top executives to quash an investigation when the situation was called to their attention.

  • Weis delivers Q1 income growth on increased productivity

    SUNBURY, Pa. — Weis Markets experienced a jump in its net income and operating income during the first quarter ended March 31, the retailer said.

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