Trading Partners

Just a couple of days after elevating Ray Cotton to SVP, chief compliance and sustainability officer, Lumber Liquidators has launched a new section of its website dedicated to sustainability.

The original content is rooted in the company's "Lay It Forward" business strategy, which according to the company, centers on the long-term benefits of quality hardwood flooring, protecting the environment and supporting the communities it serves.

Goodlettsville, Tenn. - Dollar General Corporation has extended its tender offer to acquire all outstanding shares of Family Dollar Stores Inc. for $80 per share, or about $9.1 billion, to Oct. 31. The offer was previously set to expire on Oct. 8. All other terms and conditions of the tender offer remain unchanged.

The step, which is largely procedural step, came as Family Dollar remained committed to its previously- agreed-upon deal with Dollar Tree for $74.50 a share.

Beachwood, Ohio – During third quarter 2014, DDR Corp. closed on the acquisition of eight prime power centers and the sale of seven operating assets and two land parcels, totaling $699 million of executed transactions. Seven of the eight power centers that the company acquired were purchased for $377 million at DDR's share from a joint venture formed with Blackstone Real Estate Partners VII L.P. in August 2013.

New York -- Standard General LP is in talks to improve RadioShack’s cash position in advance of the holiday season, Reuters reported. The hedge fund said it was in talks with the struggling retailer to buy the company's loans and other commitments under its asset-backed credit facility.

Standard General has also raised its stake in RadioShack to 9.8% from 7.08%. It is now the retailer’s largest shareholder.

London – A group of U.K. retailers led by W.M. Morrison Supermarkets plc is reportedly seeking to extend the time period for which it can claim antitrust damages against MasterCard from 2006 to 1992. According to Bloomberg, this could add as much as $1.6 billion to the damages the retailers are seeking.

Coty CEO Michele Scannavini has stepped down from his role at the company for personal reasons and resigned from Coty's board.

Coty's chairman, Bart Becht, will become interim CEO, working with Coty's executive committee to ensure a smooth transition and oversee major decisions at the company. The company plans to immediately begin its search for Scannavini's permanent successor. Becht will remain as chairman of the company once a permanent successor has been appointed.

Alpharetta, Ga. - McAlister's Deli has signed an agreement with new franchise group MidSouth Hospitality Inc. to open 10 locations in Middle Tennessee. Led by McAlister's veteran Charles Corley, MidSouth Hospitality will be opening its first McAlister's in early 2015.

The newly formed company plans to open a total of 10 new restaurants during the next seven years.