-
Report: Retail and consumer M&A volume jumped in 2012
New York -- A report released Thursday by PwC found that U.S. retail and consumer merger & acquisition activity in 2012 drove both deal volume and value up from the prior year as the number of larger deals over $1 billion almost doubled.
According to PwC’s U.S. retail and consumer M&A insights “2012 Year in Review and 2013 Outlook” report, private equity activity in the retail sector comprised nearly 40% of deal volume and 55% of deal value, and IPO volume increased 38%.
-
Shopko completes conversion of acquired Pamida Stores
Green Bay, Wis. -- Shopko announced it has completed the conversion of 163 Pamida stores making it one of the largest U.S. retailers focused on serving smaller and rural communities. It was a year ago that Shopko and Pamida first announced their intent to merge the two companies and convert the existing Pamida locations to the Shopko Hometown store format. One year later, the conversion of the last group of Pamida stores is now complete with the final 36 stores celebrating their official grand openings as Shopko Hometown.