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Blockbuster deal: Sycamore Partners buys Belk for $3 billion
Charlotte, N.C. -- Private equity firm Sycamore Partners is adding a department store to its growing portfolio.
Belk, the nation's largest family owned and operated department store company, on Monday announced that it has entered into a definitive agreement to be 100% acquired by Sycamore Partners in a transaction with an estimated value of approximately $3 billion.
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Target goes shopping for products
Minneapolis – Target Corp. is doing a little shopping of its own with a new sourcing solution that gives its buyers an online shopping-like experience.
The mass merchandise giant is utilizing RangeMe, a solution that lets suppliers upload their products with supporting information such as a pitch video, pricing and photos.

