Walmart Adds Skills Training To Educational Benefits Program
In an expansion of an existing initiative, Walmart has announced that it would add in-demand skilled trade and digital skills educational benefits to its Live Better U program.
investment
Albertsons, Greycroft Form Technology Investment Fund
Albertsons and venture capital firm Greycroft have created an investment fund, of up to $50 million over time, that will invest in and aim to help grow emerging companies and technologies in the grocery channel.
Lampert’s Hedge Fund Eyeing Sears Assets
Sears Holdings Corp. and its board of directors have received a letter from ESL Investments expressing the view that the company should pursue a divestiture of all or a portion of its Kenmore brand and related assets, the Sears Home Improvement business of the Sears Home Services division (SHIP) and the PartsDirect business of the Sears Home Services division.
True Value, ACON Complete Investment Deal
True Value Company and ACON Investments have finalized a new strategic partnership, which the companies said will accelerate the transformation of True Value and create the only branded national hardware wholesaler without a membership requirement.
True Value, ACON Strike Investment Deal
True Value Co. and ACON Investments, a private equity investment firm, have entered into a definitive agreement based on a major strategic investment in the retailer-owned cooperative’s operating company.
Hudson’s Bay Declares Shareholder Support For Investment Deal
Hudson’s Bay Co. insisted that it has strong shareholder support for a Rhône Capital’s equity investment of $500 million in the form of eight-year mandatory convertible preferred shares.
HSN Teams With Investment Company To Propel American Dreams Program
HSN has formed a new partnership with an investment company as the retailer continues to expand its American Dreams entrepreneur program.
Belk Readies Store Investment Plan
Belk will open three new stores through the end of 2018, part of a nearly $40 million investment in store remodels, capital improvements and new store openings this year.
iRobot Invests In Wellness Technologies
iRobot Ventures, the strategic investment arm of iRobot, has invested in Intuition Robotics, a developer of social companion technologies.
Pier 1 Responds To Alden Demands
Pier 1 Imports has issued a statement in response to a public letter received by its board of directors from Alden Global Capital regarding that investment group’s call for changes to the retailer’s board of directors.
Walmart: Momentum, Investments Will Drive Results
As part of its 2016 investment community meeting, Wal-Mart Stores said it plans to outline the company’s strategic framework to its omnichannel strategy, which includes continued investment in digital products and integration of Jet.com into more comprehensive Internet operations.
Alden Global Capital Takes Stake In Pier 1 Imports
In a filing with the United States Securities and Exchange Commission, Alden Global Capital revealed that it has purchased 7.9 million shares of Pier 1 Imports stock, taking a 9.5% stake in the company, and expressed a desire to become involved in directing the retailer’s business.
Kroger Bets On Lucky’s Specialty Grocery Chain
The Kroger Co. has formed a strategic partnership with Boulder, CO-based Lucky’s Market, a specialty grocery store chain focused on…
Endeavour Capital Invests In Pacific Market International
Endeavour Capital has invested in Pacific Market International LLC. Proceeds from the investment were used in part to fund PMI’s…
Wal-Mart Growth Investments Pressure Fiscal Year Outlook
At its 22nd annual investment community meeting held today, October 14, Wal-Mart Stores noted that foreign exchange rate fluctuations and…
HRC: Retailers Must Reconsider Digital Age Investments
According to HRC Advisory, a strategic advisory firm, only 20% of retailers invest in the right combination of growth strategies,…
Victorinox Forms Partnership With Epicurean
Victorinox Swiss Army, Inc. will purchase an investment stake in Epicurean Cutting Surfaces, a partnership that is said to be…
Haier Opens Technology And Design Center
Haier America has opened a Technology and Design Center of Excellence in Evansville, Indiana, a 30,000 foot research center. According…
Overstock.com Sales Gain But Investments Hit Profits
For the first quarter ended March 31, Overstock.com posted net income of $2.7 million, or 11 cents per diluted share,…
Crow Holdings To Acquire Dallas Market Center
Dallas Market Center has announced that Crow Holdings will acquire the interest in certain real estate at Dallas Market Center…