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Boise, Idaho - Albertsons LLC and Safeway Inc. have completed their proposed merger, ending a nearly year-long process that began in March 2014. AB Acquisition LLC, the owner of Albertson's and New Albertson's, Inc., will acquire all outstanding shares of Safeway.

The merger will create a diversified network that includes 2,230 stores, 27 distribution facilities and 19 manufacturing plants with more than 250,000 employees across 34 states and the District of Columbia.

Canton, Mass. -- Athletic-shoe maker New Balance has teamed up with private-equity firm Berkshire Partners LLC to acquire The Rockport Company from the Adidas Group for $280 million.

Financial terms were not disclosed.

As part of the deal, New Balance affiliate Drydock Footwear LLC, whose brands include Cobb Hill, Aravon and Dunham, will join with The Rockport Co. to create The Rockport Group.

It's the end of an era for Safeway and Albertsons, as the companies announced they have completed their merger, ending a nearly year-long process that began in 2014.

AB Acquisition LLC, the owner of Albertson's and New Albertson's, Inc., will acquire all outstanding shares of Safeway. The merger will create a diversified network that includes 2,230 stores, 27 distribution facilities and 19 manufacturing plants with more than 250,000 employees across 34 states and the District of Columbia.

Walmart is hoping to increase the cash in in-store shoppers’ wallets this year by offering a new tax refund service.

Direct2Cash is a way for customers to collect their tax refunds in cash at stores this tax season. The service is an alternative for taxpayers who otherwise might get refunds via check or direct deposit.

Leading apparel manufacturer Kellwood has named ex-Barnes & Noble chief financial officer Joseph Lombardi as CEO.

Lombardi joined Kellwood as CFO in 2013, and has three decades of retail experience across a variety of sectors, including apparel.

Camp Hill, Pa. - Rite Aid Corp. has increased its borrowing capacity to $3 billion as part of a refinancing of an 8% senior secured notes that are now due in January 2020. Borrowing capacity will increase to $3.7 billion when the notes are paid.

Rite Aid expects, at current rates, to save approximately $20 million in annual interest expense, based on a $3 billion facility, and approximately $50 million in annual interest expense, based on a $3.7 billion facility and the redemption of the notes.

Elmhurst, N.Y. --  Tom Rettaliata and Brian Schuster of Ripco Real Estate represented Darden Concepts and Ignite Restaurants in the lease of the site located between Queens Center Mall and the Long Island Expressway (I-495) in Elmhurst, Queens, New York. Olive Garden (8,297 sq. ft.), Longhorn Steakhouse (8,000 sq. ft.), and Joe’s Crab Shack (8,000 sq. ft.) now occupy a previously vacant location at the intersections of 92nd Street and 59th Avenue. All three restaurants face Queens Center.

Teens will soon have fewer choices when it comes to shopping for the latest fashions.

Deb Shops announced it has won court approval to launch going-out-of-business sales that will culminate with the closing of nearly 300 stores.

“We thank our many customers and dedicated employees for their tremendous loyalty over the years and are very proud of our associates’ commitment to maintaining the high level of customer service we are known for throughout this transition,” said Dawn Robertson, CEO at Deb Shops.

Boise, Idaho – As part of divestures to receive FTC clearance of their proposed January 2015 merger, AB Acquisitions Inc. (Albertsons) and Safeway Inc. will sell 146 stores to Pacific Northwest grocery chain Haggen. With this acquisition, which remains subject to FTC approval, Haggen will expand from 18 stores with 16 pharmacies to 164 stores with 106 pharmacies.

Boise, Idaho – As part of divestures to receive FTC clearance of their proposed January 2015 merger, AB Acquisitions Inc. (Albertsons) and Safeway Inc. will sell 146 stores to Pacific Northwest grocery chain Haggen. With this acquisition, which remains subject to FTC approval, Haggen will expand from 18 stores with 16 pharmacies to 164 stores with 106 pharmacies.