The Fresh Market Bought Out by Apollo Global Management
Specialty grocer The Fresh Market, which operates 186 stores in 27 states, says it has entered into a definitive agreement to be acquired by an affiliate of Apollo Global Management for approximately $1.36 billion. The announcement dismisses rumors that circulated earlier this year that the Greensboro, North Carolina-based company likely would be purchased by The Kroger Co. It also will […]
Dick’s Aiming for 36 New Stores in 2016
Design Retail Link Forbes Article What Sports Authority And Dick’s Sporting Goods Indicate About The State Of The Retail Industry A week after Sports Authority filed for bankruptcy, Dick’s Sporting Goods announced plans to open 36 new stores. The two starkly contrasting news items send a message about the state of the retail industry today […]
Hancock Fabrics Bankruptcy Sale of Leases
The List of Stores Auction today for remaining Hancock Fabrics stores The future of Hancock Fabrics could be decided this morning in U.S. Bankruptcy Court in Delaware, where an auction will be held for its remaining 190 stores. The Baldwyn-based fabrics and craft retailer filed for Chapter 11 restructuring in early February, and said it […]
Men’s Wearhouse Closing Closing 80-90 Jos A Bank Stores
Also closing all outlet stores. ICSC.org Article
Sports Authority Closure List
USA Today Article Sports Authority plans to begin liquidation sales as soon as Friday at about 140 stores that are set to close as part of its Chapter 11 bankruptcy. The Englewood, Colo.-based chain — owned by Los Angeles-based private equity firm Leonard Green & Partners — filed for bankruptcy Wednesday, citing $1.1 billion in debt and saying that its sales had […]
Chick-fil-A’s Great New Strategy
This one is for millennial Moms…. Chick-fil-A, in its quest to steal a bit of business away from McDonald’s, has launched a new service to make their offerings more attractive for moms, particularly Millennial moms between the ages of 18 and 35. David Farmer, Chick-fil-A’s vice president of menu strategy and development, told Business Insider that the […]
McCaffrey’s Opening Two New Stores
Doylestown – 13,000 SF Blue Bell – 50,000 SF Supermarket News Article McCaffrey’s Food Markets said it would open two new stores in Pennsylvania including a 13,000-square-foot store in Doylestown the company described as a “best of McCaffrey’s” offering. Both stores are expected to open in late spring. The Doylestown store, identified as Simply Fresh […]
Burlington Mall Renovation Delayed
A $230 million plan to renovate Burlington County Mall has been delayed until fall of this year. The renovation plans for Burlington County Mall, renamed the ‘Marketplace at Burlington,’ have been delayed due to ‘complicated lease agreements’. The $230 million renovation was supposed to be a turnaround for the mall. According to Philly.com, the location of the […]
Three Brixmor Execs Resign
Reuters Article Brixmor’s top executives exit after accounting review, shares plunge Shopping center owner and operator Brixmor Property Group Inc said its CEO and two other top officers resigned after an internal review found that its financial statements were tampered with, sending its shares down as much as 25 percent. The company said on Monday […]
Lowe’s making a Big Splash in Canada
Lowe’s is buying a market leader in Canada. icsc.org Article LOWE’S TO ACQUIRE RONA, CREATING CANADA’S LEADING HOME IMPROVEMENT RETAILER – Transaction unanimously approved by both companies’ Boards of Directors – Agreement is based on compelling strategic rationale for both companies – Lowe’s pledges important commitments to RONA’s key Canadian stakeholders – Lowe’s to locate its Canadian head office in Boucherville, Quebec; Canadian […]