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A veteran grocery store brand in the Dallas market will soon be history.   Houston-based Fiesta Mart announced Thursday it is acquiring 11 Minyard Food Stores in the Dallas-Fort Worth metro area from RLS Supermarkets. The Minyard stores will transition to the Fiesta brand over the next several month     Fiesta is a specialty grocery retailer known for its international offerings that cater to diverse communities. With the Minyard acquisition, Fiesta will now operate 70 stores across Texas.

Walgreens Boots Alliance reported climbing sales and profits in a generally successful third quarter of fiscal 2016.  

Home décor retailer Pier 1 Imports swung to a loss in its first quarter amid heavy promotions caused by weak sales.   The chain reported a loss of $6 million for the quarter ended May 28, compared to net income of $6.9 million in the year-ago period.   Revenue fell 4.2% to $418.4 million in the quarter, also less than expected. Same-store sales were down 2.5%.  

Parents are increasing their back-to-school budgets, although overall spending is stagnant compared to recent years.   According to a new survey of 1,830 U.S. parents of elementary through college students by Mintel, 52% of respondents plan to spend more on back-to-school (BTS) shopping than in 2015. Only 4% plan to spend less, with 44% planning to spend the same. However, overall planned BTS spending dropped to $68 billion in 2015 after ranging from $73 - $76 billion annually from 2010-2014.  

Dick’s Sporting Goods was the victor on Thursday at the bankruptcy auction for former rival Sports Authority Holdings.    Dick’s bid $15 million for the brand name and other intellectual property, beating British-based Sports Direct International PLC’s $13 million bid, according to the Wall Street Journal.      Dick’s also had the winning bid at the auction for 31 Sports Authority store leases, for an additional $8 million, the report said.  

Restructuring costs helped increase fourth quarter net loss at Barnes & Noble Education Inc. to $2.8 million from $300,000 in the fourth quarter of fiscal 2015.   Not all the fourth quarter fiscal news was negative, however. Total sales rose 8% to $294.8 million from $274 million, aided by a 4.5% increase in same-store sales.  

The recent vote by the United Kingdom to leave the European Union will have the biggest retail impact on companies that have high U.K. exposure, including U.S. off-price giant TJX Cos., MarketWatch reported.    Swedish fast-fashion giant H&M is also among the retailers to be most impacted. The United Kingdom is the company’s third largest market, behind Germany and the United States. 

The National Retail Federation (NRF) is publicly supporting a tax reform proposal released today by House Ways and Means Committee Chairman Kevin Brady, R-Texas.