Mergers & Acquisitions
February 11, 2011
Tommy Hilfiger opened a store on eBay last month, joining Calvin Klein, Timberland, Brooks Brothers, Marc Ecko, Aldo, Jockey and other fashion brands in selling directly on eBay. eBay has transformed its clothing, shoes, and accessories category into a fashion portal with flash sales on the fashion vault, and new designs, enhanced navigation and the ability to create personalized fashion shopping profiles.
February 11, 2011
Blockbuster plans to put itself up for sale after a disagreement with its creditors, according to a report that said the movie rental chain can't agree on a plan to get cash to help it exit Chapter 11 bankruptcy protection.
February 10, 2011
The Gap said it's expanded Gap and Banana Republic's online presence to eight additional European countries through its European e-commerce sites. Gap debuted the sites in the U.K. in August 2010 and then expanded to include nine additional European countries in October 2010.
February 10, 2011
GSI Commerce has announced that it's signed a definitive agreement to acquire Fanatics, Inc., an online retailer of licensed sports merchandise. The combination of Fanatics with GSI's online licensed sports merchandise business will create a leader in the online licensed sports merchandise industry.
February 10, 2011
Wal-Mart Stores is in talks to become a partner of Indonesian retailer PT Matahari Putra Prima to develop its hypermarts, according to Reuters. Matahari last month said it will seek a "global partner" to develop its hypermart business.
February 10, 2011
Selling more things at full price, controlling operating costs and increasing wholesale revenue helped Polo Ralph Lauren Corp.'s fiscal third-quarter net income rise by more than half, the company said.
February 9, 2011
Footwear retailer DSW and its largest shareholder, Retail Ventures, announced that the two companies have signed a definitive merger agreement providing for RVI to become a wholly-owned subsidiary of DSW in a tax-free exchange of shares at an exchange ratio of 0.435 DSW shares per each RVI share.
February 9, 2011
Apple has begun a super-secret quest for a store in historic Grand Central Terminal, potentially creating a hive of buzzing techies in the glamorous Beaux Arts landmark.
February 9, 2011
Multiple news sources have reported that discounter Big Lots is exploring its options, including a potential sale. No reports have yet been confirmed by the retailer.
February 4, 2011
BJ's Wholesale Club said that it's decided "to explore and evaluate strategic alternatives, including a possible sale of the company." That only confirms what the market has known for months: there's an auction going on for the retailer.
