News

The year 2015 was a big one for mergers and acquisitions in the retail and consumer sectors, with 31 multibillion dollar deals driving activity during the year.

United States retail and consumer (R&C) total transaction value for 2015 hit a five-year high and surpassed the $100 billion mark for the third year in a row, according to PwC’s U.S. retail and consumer deals insights 2015 Year in Review and 2016 Outlook report.

Eugene Martin was named president and CEO at Gordon Brothers Finance Company succeeding Patrick Dalton who had previously announced plans to step down.

Better than expected holiday season and full year profitability at Toys “R” Us has the left the company optimistic about 2016 and looking at a financial restructuring which could free resources for growth initiatives.

Toys “R” Us said its estimated, unaudited and adjusted earnings before interest taxes, depreciation and amortization (EBITDA) increased 21% to $780 million during the fiscal year ended Jan. 30. Excluding a $42 million negative impact of foreign currency translation EBITDA grew 28%.

Landover, Maryland-based Giant Food is joining the trend of retailers making online deliveries to places beyond consumer homes.

The Peapod by Giant online delivery service is now allowing Washington, D.C.-area shoppers to place their orders online and pick them up at one of three Washington Metropolitan Area Transit Authority (WMATA) stations: Fort Totten, Glenmont and Vienna. Peapod is an online grocer that shares its Ahold parent company with Giant and will execute deliveries for the service.

Brookstone has unveiled a new retail brand, Carry On, in the Delta Terminal at the Salt Lake City International Airport.

Created for airport locations and designed by Boston-based Bergmeyer Associates, the approximate 800-sq.-ft. store offers an assortment of travel-friendly products, from “packable” apparel to luggage and wallets. Additional locations are expected to open this year.

Hancock Fabrics has filed for bankruptcy again and said it might put the entire company of 250 retail sewing and crafting stores up for sale.

Retailers are failing to meet consumer demand for increased convenience while shopping with mobile devices.

According to new research from Accenture, the number of consumers shopping with mobile devices, grew 10% in the past year, from 36% of consumers in 2014 to 40% in 2015.

Not surprisingly, the number of shoppers who want more retail services via mobile devices, particularly real-time in-store promotions, also grew to 47%, up from 40% in 2014. However, only 7% of retailers said they currently have the ability to send real-time promotions.

Vertical omnichannel footwear retailer Allen Edmonds Corp. needs to ensure brand and price consistency across a dizzying array of consumer touch-points.

Port Lake, Wisconsin-based Allen Edmonds is using the Ugam brand intelligence solution to monitor channel pricing, enforce minimum advertised price policy and manage channel relationships. Allen Edmonds needs to manage these activities in its 59 corporate stores and e-commerce site, as well as with third-party retail partners.

Alexandria, Va. -- EDENS announced its residential partnership with Gables Residential on the development of 530 First Street in Alexandria, Virginia.

530 First Street will be the next major step in the evolution of Old Town North. EDENS will spearhead a new retail to the neighborhood. The LEED-certified, mixed-use project will offer 232 units of distinct apartment homes above 50,000 sq. ft. of retail.

The opening of more than 100 stores in the third quarter helped Michael Kors increase revenues, although same-store sales were more moderated.