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City Sports opening 11,000-sq.-ft. store in Manhattan
Boston -- City Sports announced that it will open its 22nd retail location in New York City, on March 26. It will be City Sports' third location in New York City.
The new store, in the city’s financial district, will be the company’s largest retail location to date, with nearly 11,000 sq. ft. of selling space devoted to athletic apparel, footwear and equipment.
"We are absolutely thrilled to be opening a third retail location in New York City," said City Sports president and CEO Edward Albertian.
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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.