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Deals

  • Report: Chico’s considers private equity sale

    Ft. Myers, Fla. – Chico’s FAS Inc. may be considering a sale to one of several private equity suitors.

    According to Bloomberg, Chico’s has been approached by Sycamore Partners and is also in talks with other private equity groups about a possible sale.

  • Chico's may be in talks for a buyout

    Chico’s FAS Inc. may be considering a sale to one of several private equity suitors.

  • Update on Quiksilver bankruptcy

    Huntington Beach, Calif. -- Quiksilver Inc. has got the OK on financing and on some store closures.

    Quiksilver Inc. has received preliminary approval from bankruptcy court for a $175 million bankruptcy financing package. The surf apparel chain filed for Chapter 11 protection on Sept. 9.

  • Report: Florida Walmart stores to serve up fast-food formats

    Bentonville, Ark. – Five Walmart stores in central Florida are reportedly getting ready to serve the needs of hungry customers.

  • Conn’s names former Sears exec as new chief

    The Woodlands, Texas – Conn’s Inc. named a new CEO as part of a planned succession, and also announced it beat Wall Street expectations for profit in the second quarter.

    Following a year-long repositioning initiative, Conn’s has appointed Norman Miller to serve as CEO and president.

    Miller brings more than 30 years of business leadership experience, most recently serving as president of Sears Automotive, and as president and COO of DFC Global Corp.

  • Sears protects pension fund

    Hoffman Estates, Ill. – Sears Holding Corp. is protecting the assets of its pension fund following the creation of its Seritage Growth Properties real estate investment trust (REIT).

    The company has entered into a five-year agreement with Pension Benefit Guarantee Corp. (PBGC) to guarantee that it will continue to make required contributions to the fund.

  • Macy’s to close 35 to 40 stores

    Cincinnati -- The ax fell at Macy’s on Tuesday.

    In the name of optimizing its omnichannel approach, Macy's said it plans to close between 35 and 40 namesake stores in early 2016 even as its moves ahead with expansion of its new off price format, Macy’s Backstage.

  • European fast-fashion retailer opens DC on eve of U.S. expansion

    New York -- An Irish fast-fashion leader is getting ready to make its U.S. debut.

    Primark, known for its value prices and on-trend fashions for the entire family, leased a 677,000-sq.-ft. distribution center to support its entry into the United States.

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