Mergers & Acquisitions
August 4, 2016 at 10:25 am
Office Depot announced it will need to close 300 more locations to put itself in a better position as a stand-alone company. The office supplies retailer closed 42 stores in the second quarter of this year as part of an earlier plan to close 400 locations. The newly announced closing of 300 stores is in…
August 3, 2016 at 12:48 pm
Wal-Mart is reportedly in negotiations with Jet.com to acquire the online retailer. Sources say the acquisition cost could be more than $3 billion. Marc Lore, CEO of the year-old Jet.com and founder of Diapers.com, has drawn more than $500 million in financing capital from venture firms after the initial launch of the company resulted in…
July 20, 2016 at 1:19 pm
Yesterday, Dollar Shave Club, a subscription-based retail startup built on the idea of inexpensive razors, was acquired by Unilever. The European consumer goods giant purchased Dollar Shave Club in an all-cash deal for around $1 billion (yes, you read that correctly), according to The New York Times. With the acquisition, Unilever — which own brands…
July 11, 2016 at 12:55 pm
Ontario-based Pet Valu and Florida-based Pet Supermarket announced today that they've merged, creating the third largest pet specialty retailer in North America. The new business is named Pet Retail Brands and has more than 930 stores and generates about $1 billion in sales across the U.S. and Canada, according to a statement. Total Retail's Take:…
July 7, 2016 at 10:22 am
Walgreens is confident that its acquisition of Rite Aid will close by the end of this year, and CEO Stefano Pessina reports only about 500 stores would need to be sold to address regulator’s antitrust concerns. Analysts first predicted that anywhere from 1,000 to 3,000 stores would need to sell to satisfy the Federal Trade…
June 22, 2016 at 11:48 am
Back in January, TWICE reported that an outside investor had acquired struggling electronics retailer Circuit City, causing a lot of excitement in the retail sector. Data Vision, the brand that acquired Circuit City from IT supplier Systemax, promised to breathe new life into the business and open anywhere from 5,000 to 10,000 stores by June…
June 20, 2016 at 11:46 am
Struggling under a combination of $5 billion in debt and flagging sales, embattled luxury retailer Neiman Marcus is on the hunt for a buyer or investor. Karen Katz, Neiman Marcus’ CEO, recently traveled to China to meet with potential buyers, including executives of Anbang Insurance Group, which has invested in U.S. companies. But Anbang passed on…
June 17, 2016 at 12:40 pm
In today’s news roundup, find out why Revlon is buying Elizabeth Arden; the reason Amazon is cutting its shipping fees for certain products; and what a new postal reform bill may look like.
June 15, 2016 at 12:08 pm
Find out what major retailers took the pledge to close the gender wage gap; which e-tailer Bed Bath & Beyond just acquired; how Office Depot and Staples are stepping up their back-to-school fight; and how Facebook is entering the brick-and-mortar space.
June 13, 2016 at 12:40 pm
Editor’s Note: Welcome to our newest feature, Total Retail Report’s In the News section, where we will highlight and offer our take on the top retail-related news articles of the day. Please let us know what you think about this new feature by posting a comment below. Walgreens Ends Theranos Partnership Walgreens announced last week that it…
