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Retail

  • Online home furnishings retailer attracts new investment

    BOSTON — Wayfair.com, an online retailer of home goods and furnishings, has raised $36.3 million in new equity financing to fuel the growth of its private sale site for the home, Joss & Main.

    Joss & Main has fared extremely well for Wayfair.com, having acquired nearly three million members and operating at a $100 million annual revenue run-rate. Investors include Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital.

  • Couche-Tard acquires 29 stores in Illinois, Missouri and Oklahoma

    Laval, Quebec City -- Alimentation Couche-Tard Inc. announced that it has signed, through its wholly owned indirect subsidiary, Mac's Convenience Stores LLC, an agreement to acquire 29 stores, 25 stores are located in Illinois, three in Missouri and one in Oklahoma. The transaction is anticipated to close in December 2012.

    All the stores would eventually be rebranded under the Circle K brand. Couche-Tard’s Midwest division would operate 28 of them and the other one would be operated by the Southwest division.

  • Walgreens unveils new flagship in Hollywood

    Check out Walgreens' newest flagship store in Southern California. Click here.

     

  • Sears Holdings and Brown shoe execs join board

    The March of Dimes trustees elected Deidra Merriwether and Will Smith as the charitable group’s newest board members.

    Merriwether serves as SVP and COO of Kmart and Sears format at Sears Holdings and Smith is SVP of marketing for Brown Shoe Company. Merriwether and Smith join a group of more than 30 trustees as the organization prepares to celebrate its 75th anniversary next year. March of Dimes trustees, who serve as volunteers, represent the public in governing the organization and advancing its mission. They serve five-year terms.

  • Walmart’s Facebook promotion brings cheer to nonprofits

    BENTONVILLE, Ark. — As part of its 12 Days of Giving Facebook campaign, Walmart will distribute more than $1.5 million to 140 grant recipients in all 50 states and Washington, D.C., throughout the next 12 days.

    The winning nonprofits were selected from more than 21,677 nominations submitted in November by Facebook users who felt compelled to enter and describe the community impact made by their favorite nonprofit organizations.

  • Office Depot launches quick in-store pickup for online purchases

    Boca Raton, Fla. -- Office Depot announced it is launching one-hour, in-store pickup for items purchased on its website. There is no shipping fee for the new pickup service.

    “The holiday season is in full swing, and this is another way to enhance the shopping experience for Office Depot customers regardless of whether they choose to do so in-store or online,” said Mike Kirschner, SVP e-commerce for Office Depot. “We are proud to be the first office supply chain to offer this free one-hour pickup service for our customers.”

  • Tops in deal to buy three Big M supermarkets

    Williamsville, N.Y. -- Tops Friendly Markets, a full-service grocery retailer in upstate New York, northern Pennsylvania and western Vermont, today announced that the company has entered into an agreement with the Farrugia family to acquire three Big M supermarkets located in Elbridge, N.Y., Mexico, N.Y., and Jordan, N.Y.

    This marks the third acquisition deal this year for Tops and will expand Tops' footprint further into areas of northern and central New York State.

     

  • Leonard Green’s retail investments include Jo-Ann Stores Inc. and J. Crew Group

    India -- The Indian government on Friday won a non-binding vote in the upper house of parliament on its new policy to allow foreign supermarkets to enter the country's vast retail market, which is put at approximately $450 billion.

    The government had already won a vote on retail reform in the lower house two days earlier.

     

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