Mergers & Acquisitions
April 5, 2017 at 11:05 am
Dollar General confirmed its plans on Monday to buy all 323 stores in 36 states from Dollar Express, the chain of former Family Dollar stores owned since late 2015 by the private equity firm Sycamore Partners. The Charlotte Observer reports that up to 2,700 part-time and full-time store employees of Dollar Express may be losing their…
April 5, 2017 at 9:48 am
Fanatics, which sells officially licensed sports merchandise and operates more than 300 online and offline stores, including the e-commerce businesses for Major League Baseball, NFL, NASCAR and many other professional sports leagues, has acquired Majestic, a VF Corporation brand that has become synonymous with the production of MLB uniforms. The transaction is expected to close in…
April 4, 2017 at 11:27 am
Last week, Amazon.com announced that it's shutting down its Quidsi subsidiary because it isn’t able to turn a profit. However, some employees believe there are alternative reasons for Quidsi's closure. In a meeting in late 2016, Amazon and Quidsi execs told employees they were confident that Quidsi would turn a profit and generate significant cash…
April 4, 2017 at 10:37 am
Scott Friend, managing director for Bain Capital Ventures, interviewed Jet.com's Marc Lore at Shoptalk in Las Vegas last month. In this video, Total Retail's Joe Keenan caught up with Friend to get his take on the year's top retail trends, technologies and what brands should do to survive the current retail tides.
April 3, 2017 at 11:59 am
Gander Mountain has agreed to a stalking horse bid for its assets as it looks to remain in business. A joint venture comprising Boston-based investment firm Gordon Brothers and retail specialist Hilco Merchant Resources made the bid, which was filed in U.S. Bankruptcy Court. A stalking horse bid sets the bar for a sale, but…
March 31, 2017 at 11:19 am
Houston-based Stage Stores announced yesterday it won a bid to acquire about half of Gordmans Stores Inc.’s assets through a bankruptcy auction. Under the terms of the deal, a subsidiary of Stage Stores plans to acquire between 50 and 57 Gordmans store leases, including all of the inventory, furniture, fixtures, equipment and other assets at those…
March 30, 2017 at 9:48 am
Amazon.com announced Wednesday that it's shuttering Quidsi, the company behind Diapers.com, because it was unprofitable. Amazon acquired Quidsi in late 2010 after it skyrocketed to popularity by shipping diapers and other household products mostly free of shipping costs. The acquisition cost Amazon $500 million. Quidsi was co-founded by Marc Lore, who stayed with Amazon three years…
March 28, 2017 at 9:50 am
According to sources inside both companies, Coach’s acquisition of Kate Spade may be announced in a matter of weeks, if not days. The price of acquisition is not yet known, although analysts suggest it could be north of $2 billion. In a March 2017 report, Cowen & Company said that there was an 80 percent chance…
March 23, 2017 at 1:12 pm
Many in the retail industry were surprised when online startup Jet.com, billed as a potential competitor to Amazon.com for e-commerce supremacy, was sold to Wal-Mart last August for $3.3 billion. The pairing of a cutting-edge digital brand like Jet and a legacy brick-and-mortar retailer like Wal-Mart didn't seem to be the perfect match. Yet seven…
March 23, 2017 at 11:40 am
Amazon.com has acquired another online retailer. Reports say Amazon has agreed in principle to buy Dubai-based Souq.com, one of the best-known names in the Middle East's online shopping market. Souq.com sells consumer electronics, fashion, household items and other goods, and on its website claims to be the largest e-commerce site to the Arab world. Since its founding…
