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A small format move in Chicago by Walmart rival
Okay, stop snickering. Target this week revealed that the name of its new small format stores would be CityTarget. The company offered that nugget in connection with news that it would open a small-format store in downtown Chicago at the Sullivan Center development located in the heart of downtown at South State Street and Madison.
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No new bidders for J. Crew
New York City -- J. Crew Group said Wednesday that it did not receive any alternative takeover bids during an 85-day "go shop" period, in which the company sought alternatives to an offer from its former owner.
J. Crew agreed in November to be taken private in a $3 billion deal with two investment firms, TPG Capital and Leonard Green & Partners. It originally had until Jan. 15 to vet other prospects, and that period was extended by a month.