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Strategy

  • Real Estate – in New York and Beyond

    Retailers and developers from around the country are preparing to attend the International Council of Shopping Centers’ New York deal-making convention in New York City on Dec. 6 and Dec. 7. Chain Store Age talked with Ivan L. Friedman, president and CEO of New York City-based retail real estate advisory firm RCS Real Estate Advisors, about what the industry has in store for the New York show and beyond.

    As retailers prepare to attend the New York deal-making show in early December, how would you describe the current state of retail?

  • Big 5 Sporting Goods offers savings opportunity for mobile phone users

  • J. Crew to be acquired in $3 billion buyout

    New York City -- J. Crew Group is close to an agreement to be bought by TPG Capital and Leonard Green & Partners for about $2.8 billion, according to reports by the Associated Press, Bloomberg and other news groups.

    TPG and Leonard Green would pay $43.50 a share in cash, or 16% more than J. Crew’s closing share price yesterday, according to various reports.

  • Brown Shoe profit tops estimates

    St. Louis -- Brown Shoe Co., parent of Famous Footwear and Naturalizer shoe stores, said Tuesday that its fiscal third-quarter profit rose to $18.6 million from $16.3 million, topping analysts estimates.

    Sales in the quarter ended Oct. 30 rose 14.5% to $716.1 million, from $625.6 million.

  • Hhgregg opens Florida, Pennsylvania stores

    Naples, Fla. -- Beachwood, Ohio-based Developers Diversified Realty Corp. said that Hhgregg has joined Carillon Place, a 283,238-sq.-ft. community center in Naples, Fla., and Peach Street Square, a 676,245-sq.-ft. shopping center in Erie, Pa.

    Joining national tenants Walmart Neighborhood Market, Bealls Outlet, T.J.Maxx, Ross Dress for Less and OfficeMax, Hhgregg opened a 36,459-sq.-ft. store at Carillon Place.

    The 28,152-sq.-ft. Hhgregg store at Peach Street Square joins Lowe's, Home Depot, Kohl's, Cinemark and PetSmart.

  • Borders improves customer experience with Google, Meetup

  • Sears selects EnerNOC to help capture energy savings

    Boston — EnerNOC, a leading provider of data-driven energy efficiency applications, announced that Sears Holdings has selected EnerNOC's EfficiencySMART Commissioning, which blends traditional commissioning services with real-time, persistent commissioning technology, to drive energy savings at its 2.4 million-sq.-ft. corporate headquarters in Hoffman Estates, Ill., a 2010 Energy Star rated facility.

     

  • Gymboree’s $1.8 billion acquisition by Bain on track

    New York - Gymboree Corp. said Monday it did not receive any offers that top Bain Capital's $1.8 billion bid for the company and so the buyout will proceed.

    The allotted time for Gymboree to receive competing offers expired Friday.

    "Despite a broad solicitation of potentially interested parties, the Company did not receive any alternative acquisition proposals during the 'go-shop' period," Gymboree said in a statement.

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