Best Buy Readies December Doorbuster Promotion
Starting this Saturday, December 1, Best Buy is kicking off its “20 Days of Doorbusters” promotion.
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Overstock To Hold Customer Day October 15
Overstock.com is seizing a day of its own. Like its pure play competitors, Overstock is designating a day, October 15, for a special promotional event. The foundation of the promotion will be the company’s 19th anniversary.
Rent-A-Center Q2 Improves As Acquisition Faces Court Challenge
In the midst of an acquisition process, Rent-A-Center posted an earnings increase for its second quarter while its ongoing merger was questioned in court.
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.
Bon-Ton In Discussions With Bidder
The Bon-Ton Stores said it is in active discussions with interested parties in respect of a going-concern bid to acquire the company in a bankruptcy court-supervised sale process.
Li & Fung To Spin Off Furniture Division, Whalen
Li & Fung Ltd. has entered into a strategic transaction under which Hony Capital and the Fung Group will acquire three of its vertical product businesses, furniture, sweaters and beauty, for an estimated cash price of $1.1 billion.
Target Launches Black Friday Promotions
Target has revealed its Black Friday ad, which also will deliver online access to early bargains.
Final Sears Canada Liquidation Sales Underway
Sears Canada liquidation sales have begun after the company obtained an approval order from the Ontario Superior Court of Justice.
Sears, CBL Set Sale/Leaseback Deal For Seven Stores
CBL & Associates Properties has closed on a sale/leaseback transaction for five Sears stores and two Sears Auto Centers located at CBL malls, which will give the mall operator control of the locations involved for future redevelopment.
Newell Sells Rubbermaid Tote Business To United Solutions
Newell Brands has announced a definitive agreement to sell its Rubbermaid consumer storage totes business to United Solutions, a leading supplier of plastic products for the home and office.
Wayfair Builds On DIY Business
In an extension of its initiative for do-it-yourself home improvement shoppers, Wayfair is expanding the assortment of plumbing products it carries and providing expert advice.
Macy’s Deals Real Estate To Boost Flagging Performance
Macy’s is looking to leverage its real estate assets as it plans a turnaround from softer sales and earnings.
Office Depot Finds Buyer For European Operations
As it reconfigures operations in the wake of a failed merger with Staples, Office Depot intends to sell the company’s European business to an investment group.
Belk Stockholders Approve Sale To Sycamore Partners
Belk, Inc., announced on Wednesday that its stockholders voted to approve the adoption of the previously announced merger agreement with…
Target Touts Big Brand Kitchen Event In Weekly Ad
In its most recent weekly ad, Target announced on the front page that it is hosting a “Big Brand Kitchen…
Sears Holdings Completes Seritage Transaction
Sears Holdings Corp. reported that it closed its right offering and sale-leaseback transaction with Seritage Growth Properties, a recently formed,…
Sale-Leaseback Deal Eliminates Bon-Ton Mortgage
Bon-Ton Stores has entered into an agreement for an $84 million sale-leaseback transaction with CPA: 17-Global, one of W.P. Carey…
Alibaba Sells U.S. E-Commerce Subsidiary 11 Main To OpenSky
According to published reports, Alibaba Group Holding is selling its e-commerce operation in the United States, 11 Main, to online…
Report: Sale Of Martha Stewart Living Omnimedia Close
Martha Stewart Living Omnimedia (MSLO) may soon have a new owner. On Thursday, The Wall Street Journal reported that the…
Report: Belk Exploring Possible Sale
Regional department store chain Belk may be up for sale. On Thursday, Reuters reported that the Charlotte-based retailer has hired…