retail

Retail
Bed Bath & Beyond Asserts Investments Taking Hold

At its annual meeting, Bed Bath & Beyond executives said their investments in diversifying the business and integrating store and digital operations have been advancing, making the company a better home merchandise resource for consumers.

Retail
Sycamore Partners To Acquire Staples

Staples and private equity firm Sycamore Partners have entered into a merger agreement in which investment funds managed by Sycamore will acquire the office superstore in a transaction valued at approximately $6.9 billion.

Retail
Walgreens, Rite Aid Scrap Merger Plans

Walgreens and Rite Aid have terminated their merger agreement. The decision to terminate the merger agreement follows feedback on the merger’s prospects received from the Federal Trade Commission, Rite Aid said. Rite Aid added that the potential FTC objection led the company to believe that the parties would not have obtained the commission’s clearance to complete the merger.

Retail
Lamps Plus Rolls Out Canadian Site

Lamps Plus has expanded operations into Canada with the launch of LampsPlus.ca. The new site has been optimized for e-commerce via desktop, tablet and mobile and was specifically designed to provide a localized experience in the country.

Retail
Houzz Gains New Financing To Accelerate Growth

Houzz, a home remodeling website and e-commerce retailer of home furnishings and housewares, has closed $400 million in Series E financing, with the deal led by ICONIQ Capital, as the company looks to accelerate its growth initiatives.

Retail
Kohl’s Names Besanko CFO

Kohl’s has named Bruce Besanko as the retailer’s new chief financial officer, reporting directly to Kevin Mansell, the company’s chairman, chief executive officer and president.

Retail
Walmart Open Call Supports U.S.-Made Entrepreneurs

On June 28, Walmart is inviting more than 500 businesses from across the U.S. to pitch their Made in the U.S.A. products at its Bentonville, AR, headquarters, providing entrepreneurs the opportunity to potentially reach the retailer’s consumers in-store and online.

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