Two of the biggest names in malls are getting together on a Los Angeles outlet center that they hope will attract “the most affluent” locals and tourists.
Hudson’s Bay Company has entered into a deal that will result in the merger of Germany’s two biggest department store chains — Galerie Kaufhof and Karstadt — and help the Canadian retail giant pay down its debt.
Shareholders of Supervalu approved a reorganization of the company that may allow it to sell its remaining retail brands sooner than expected, reported the StarTribune.