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Retail

  • Supervalu completes sale of five chains to Cerberus-led investor group

    New York -- Supervalu on Thursday announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium. The stock deal is valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.

  • Delhaize banners earn Energy Star award

    Salisbury, N.C. — Delhaize's Food Lion, Harveys and Reid's chains have earned their 12th consecutive Energy Star award from the U.S. Environmental Protection Agency.

  • Staples launches Windows Store app

    Framingham, Mass. — Staples has launched its own Windows Store app for Staples.com. The app provides customers with access to Staples Rewards and features tools that make it easier for small businesses to research and shop for everything they need for their business or home office, the company said.

  • Williams-Sonoma Q4 income up 9%, topping expectations

    San Francisco — Williams-Sonoma reported that fourth-quarter earnings per share grew 15% to $1.34 and that quarterly revenue grew to $1.406 billion versus $1.268 billion in 2011, with comparable brand revenue growth of 4%.

    Fiscal 2012 earnings per share grew 14% to $2.54. Net revenues for the year grew to $4.043 billion versus $3.721 billion in fiscal year ended January 29, 2012 with comparable brand revenue growth of 6.1%.

  • Deloitte: Consumer spending remains steady in February

    New York — The Deloitte Consumer Spending Index remained steady in February primarily as a decline in initial unemployment claims and a rise in real average hourly earnings offset negative forces.

  • Bi-Lo names president

    Jacksonville, Fla. — Anthea Jones has assumed the role of president at Bi-Lo. He will continue to serve as SVP operations.

    Jones comes to the position from the Bi-Lo side of the recent merger between regional supermarkets Bi-Lo and Winn-Dixie. He signed on with Bi-Lo in 1999 after 17 years at Food Lion. He also is the immediate past board chairman for the Global Market Development Center.

    Jones succeeds Michael Byars in the position. Randall Onstead continues as president and CEO of the combined company, Bi-Lo Holdings.

  • Wendy’s to expand into Ecuador

    Dublin, Ohio -- The Wendy's Co. announced Tuesday an agreement with The Eljuri Group to develop 20 Wendy's restaurants in Ecuador.

    As the largest business group in Ecuador, Eljuri said it expects to open the first two Wendy's locations in 2013 in Guayaquil, a coastal city with a population of 2.3 million people.  

  • Fimiani Development adds to statewide leasing team

    Boca Raton, Fla. -- Real estate development firm Fimiani Development said that it has named Lindsey Alexander and Meredith Housman as VPs of leasing for the company.
     
    Alexander and Housman will work with Simon Property Company, Kite Realty Group, Kimco and Office Depot and will focus on landlord representation as well as tenant representation.

    Alexander was previously with Woolbright Development and Housman with Equity One.

     

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