Mergers & Acquisitions

Steve Madden inked a deal to acquire all the assets of SM Canada, which include Steve Madden Canada, Steve Madden Retail Canada, Pasa Agency and Gelati Imports. The purchase price is $29 million, subject to a working capital adjustment, plus certain earn-out provisions based on financial performance through March 31, 2017.

The rights to Casa.com have been transferred to Amazon, indicating the e-commerce giant's next dedicated vertical shop may be a home decor site. Amazon's Quidsi network of sites already runs diapers.com for baby goods, wag.com for pets and soap.com for soap.

Best Buy has completed the acquisition of mindShift Technologies. The acquired firm will operate under its current name, management team and capabilities, which include approximately 500 employees. According to a press release, mindSHIFT has been providing IT outsourcing and cloud managed services for small and mid-size businesses for more than 10 years.

Shares of Barnes & Noble plunged 17 percent after the book retailer said it's evaluating the possible sale of its Nook e-reader and tablet business. The company also said that as a result of investments in growing its Nook business and slow sales of its $99 Nook Simple Touch e-reader — which competes with rival Amazon's Kindle e-reader — it expects to post a loss for the year of $1.10 to $1.40 a share.

Strengthening its "dual identity" as both a retailer and a software owner/developer, Wal-Mart's digital technology division @WalmartLabs has purchased Small Society, a mobile app developer that has created iOS applications for companies including Whole Foods, Starbucks and Zipcar.

Barnes & Noble has put Sterling Publishing up for sale nearly a decade after it bought the publishing house. The move was another sign that Barnes & Noble, the nation's largest bookstore chain, has intensified its focus on the digital side of the book business by shedding other assets.

Saatchi & Saatchi New York and J.C. Penney have officially parted ways, ending a five-year relationship that birthed a new image of the retailer, transforming it from stodgy into a fresh-faced purveyor of affordable clothes for American families. The alliance, which had its roots in a meeting of the minds between the retailer and Saatchi chief Kevin Roberts, resulted in some memorable work.

Lowe’s has acquired ATG Stores, an online retailer of home improvement and lifestyle products based in Kirkland, Wash. According to Lowe’s, the transaction will add depth and expertise to its online business.

Perfume and fragrance retailer Perfumania announced Dec. 23 that it will acquire Parlux Fragrances Inc. in a deal valued at $170 million. Parlux, based in Ft. Lauderdale, Fla., manufactures and distributes fragrances and beauty products, and is one of Perfumania's largest trading partners.

Research In Motion has turned down takeover overtures from Amazon.com and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation.