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Corporate Governance

  • Dollar Tree just created the nation's biggest dollar store chain

    Dollar Tree's yearlong takeover saga, in which the retailer's offer to buy Family Dollar prompted a separate buyout attempt from Dollar General, is finally over.

    Dollar Tree Inc. announced that it has completed its $8.5 billion acquisition of Family Dollar Stores Inc. Dollar Tree also named a new president and COO of Family Dollar. The combined company will operate about 13,000 stores, making it the largest dollar store chain in the U.S. by store count. 

  • Sears hits its big with REIT offering

    Hoffman Estates, Ill. – Sears Holding Corp. has met financial expectations for its new real estate investment trust (REIT) called Seritage Growth Properties. A 53.3 million-share Securities and Exchange Commission (SEC) subscription rights offering for Seritage that closed on July 2 was oversubscribed and generated about $1.6 billion, meeting expectations for gross proceeds of $1.57 billion.

  • Rite Aid creates risk management office

    Rite Aid has named a 30-year company veteran to the newly created post of group VP of risk and controls.

  • QVC names Abercrombie exec as finance VP

    West Chester, Pa. – QVC has appointed Sanjay Singh as senior VP to lead its newly formed business planning & analysis (BP&A) group. Singh will be responsible for developing financial insights and driving integrated global business and financial planning across markets and functions.

  • RadioShack is far from dead

    RadioShack plans to enhance its in-store experience and deliver an exciting new product mix now that it has $75 million in new funding.

    General Wireless Operations Inc., doing business as RadioShack, has completed new financing consisting of a $50 million asset-based lending credit facility led by RBC Capital Markets and a $25 million first-in last-out term loan led by Great American Capital Partners.

  • H&M feels pinch of strong dollar but keeps expanding

    New York -- Swedish fast-fashion giant H&M isn’t letting the strong U.S. dollar hurt its expansion plans.

    The chain plans to open about 400 new stores in 2015-2016. It is expanding into five new markets: Taiwan, Peru, Macau, South Africa and India. Other plans include the launch of H&M Beauty this July, starting in about 900 stores and online. The company also hinted at the development of a mysterious new brand.

  • Academy Sports hits store count landmark, supports growth

    Katy, Texas – Academy Sports + Outdoors is hitting a landmark in its store count.

    The sporting goods chain will open its 200th store in Tupelo, Mississippi on July 3.

    The Tupelo store will be approximately 63,000-sq.-ft. and will bring 100 new jobs to the area. This will be the first location in Tupelo and the fifth store in Mississippi.

  • Ross Dress for Less to add two stores to Kentucky presence

    Dublin, Calif. -- Ross Dress for Less will open new stores in Corbin, Kentucky, and in Middletown, Kentucky, both on July 18.  

    The 22,000-sq.-ft. Corbin store is located in the Trademart Shopping Center at Highway 25 and Master Street.

    The 25,000-sq.-ft. Middletown store is located in Middletown Commons at Interstate 265 and Shelbyville Road, 14 miles east of Louisville.  

    Both are part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.  

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