Mergers & Acquisitions
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…
June 1, 2016 at 11:09 am
Office supplies retailer Staples, which called off a deal to buy smaller rival Office Depot this month, said Chief Executive Ron Sargent will step down after the company’s annual meeting on June 14. The decision comes three weeks after a U.S. federal judge ordered to halt the deal because of antitrust concerns. “With the termination of the…
May 12, 2016 at 11:31 am
In an industry that saw a 15 percent drop in physical retail sales in 2015, one brand continues to grow profits. For the third year in a row, GameStop profits per store increased. The electronics retailer reported profits of $176,000 per store, on average, or nearly 15 percent for each of its more than 6,600…
May 11, 2016 at 11:11 am
Staples and Office Depot said Tuesday they're scrapping their planned $6.3 billion merger after a federal judge blocked the deal, saying the government had made the case that the combination would likely hurt competition in office supplies. The Federal Trade Commission had sought to block the merger of the last two national office-supply chains. It contended…
May 4, 2016 at 9:49 am
There’s a big sale occurring in the toy aisle: Build-A-Bear, with a market value of around $200 million, says it is mulling strategic alternatives — typically corporate lingo indicating a firm is on the block. Investors cheered the news, sending shares of the toy maker, which operates around 400 stores globally, up more than 8 percent…
