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  • Kohl's ups premium beauty products mix in deal with Bliss

    New York -- Kohl’s is joining the army of retailers focusing on the high-margin beauty category by adding an upscale skin-care brand to its assortment.

  • Dunkin’ Donuts plans 3 franchise stores in Missouri

    Canton, Mass. – Dunkin’ Donuts has signed a multi-unit store development agreement with a new franchise group, Donut World, LLC, to develop two Dunkin' Donuts restaurants and one combination restaurant with its sister brand Baskin-Robbins, in Columbia and Jefferson City, Missouri. The group's first restaurant is planned to open in Columbia this summer and the remainder will open in 2017.

  • Dollar Tree arranges financing for Family Dollar purchase

    Chesapeake, Va. - Dollar Tree Inc. is arranging financing for its pending acquisition of Family Dollar Stores Inc. To that end, Dollar Tree has priced a private offering of $$2.5 billion of senior notes due 2023 and $750 million of senior notes due 2020. The 2023 notes will bear an annual interest rate of 5.75% and the 2020 notes will bear an annual interest rate of 5.25%.

    Dollar Tree has also arranged for a $1 billion term loan with interest of LIBOR plus 2.25% and a $3.95 billion term loan with interest of LIBOR (subject to a 0.75% floor) plus 3.5%.

  • Albertsons-Safeway merger officially closes

    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.

  • New Balance and Berkshire Partners form new entity to buy Rockport

    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.

  • Safeway and Albertsons officially merged

    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 launches in-store tax refunds in cash

    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.

  • Former BN exec named CEO at Kellwood

    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.

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