Mergers & Acquisitions

American Eagle Announces New Line to Help Guatemala
February 21, 2011

American Eagle Outfitters announced a campaign in partnership with FEED Projects to launch a new line available online and at its stores that will benefit the U.S. Fund for UNICEF. American Eagle is now offering FEED Guatemala bags in more than 400 of its stores across the country.

Project Runway Winner Partners With Spiegel
February 21, 2011

You can call Christian Siriano a lot of things, but lazy ain't one of them. The winner of season four of "Project Runway" has design projects with Puma, LG Lotus Phone, Bluefly, Victoria's Secret, Payless Shoes, and even Fierce Mamas. 

Luxottica to Acquire Two Mexican Sunglass Chains
February 21, 2011

Luxottica Group announced it's entered into an agreement in which it will acquire Stanza and High Tech, two sunglass speciality retail chains totaling more than 70 stores in Mexico.

Aldi Opens its First Store in NYC Area
February 21, 2011

Discount grocer Aldi has opened its first-ever New York City-area store in the borough of Queens. The store, which is located in Rego Park, marks the first of three grocery stores the company plans to open in New York, including new locations in the Bronx and Bay Shore, Long Island.

Brown Shoe Buys American Sporting Goods Corp.
February 18, 2011

Brown Shoe Company said it's acquired privately held athletic shoe maker American Sporting Goods Corp. for $145 million. The acquisition broadens the reach of Brown Shoe, which makes Dr. Scholl's, LifeStride, Franco Sarto and other brands and operates Naturalizer and Famous Footwear stores.

Nordstrom to Acquire HauteLook
February 18, 2011

Nordstrom announced it's entered into an agreement to acquire HauteLook. Nordstrom said the acquisition will enable it to participate in the fast-growing private sale marketplace and provide a platform to increase innovation and speed in the way it serves customers in all channels.

Target Becomes First Store to Open in a Historic Landmark
February 17, 2011

Targetโ€™s new small-format store in Chicago will be the first store in a U.S. historic landmark โ€” the newly restored Carson Pirie Scott building, now known as Sullivan Center. Target also announced that its small-format locations across the U.S. including the new Chicago store, will be named CityTarget.

Wal-Mart Inching Closer to Buying South Africaโ€™s Massmart
February 17, 2011

South Africaโ€™s competition watchdog has recommended that Wal-Mart Storesโ€™ proposed takeover of the countryโ€™s retail chain Massmart be unconditionally approved without conditions. Wal-Mart made a $2.4 billion bid for Massmart in November, and a vast majority of the target companyโ€™s shareholders voted to approve the deal last month.

Home Depot to Make 60,000 Seasonal Hires
February 16, 2011

The Home Depot said it will hire more than 60,000 seasonal associates in time for the company's second annual Spring Black Friday event. The retailer will implement the spring promotion market-by-market over four different weekends in the spring. The event marks the start of home improvement's busiest shopping season.