Content about Acquisition

May 17, 2013
Accenture expands e-commerce capabilities

Global management consulting, technology services and outsourcing company Accenture is acquiring Acquity Group to help it strengthen its e-commerce and digital marketing capabilities.

April 30, 2013
Best Buy drops Carphone, exits Europe

Best Buy is leaving the European market. The company is selling its stake in a joint European venture with U.K.-based consumer electronics retailer Carphone Warehouse Group PLC for cash and stock worth about $775 million USD.

April 23, 2013
RadioShack’s disappointing Q1 sales spell branding changes

RadioShack posted first quarter 2013 quarter sales of $849 million and a loss of $43 million, compared with $913 million last year and a loss of $8 million.

April 4, 2013
Revionics names SVP global business development

Revionics, a provider of end-to-end merchandise optimization solutions, that it has named John Greenfield as SVP global business development.

March 22, 2013
Ace Hardware nails it on revenue growth

Ace Hardware Corp. posted fiscal 2012 revenues of $3.8 billion, up 3.6% from the previous year.

March 19, 2013
Walgreens new deal and 2Q earnings surprise

Walgreens reported a better than expected profit on flat sales for its second quarter Tuesday morning and unveiled an expanded partnership with AmerisourceBergen that could give the pharmacy operator an equity position and seat on the drug wholesaler’s board.

March 18, 2013
Former IBM exec joins board of revenue management company

ServiceSource, a provider of recurring revenue management, has announced that Robert Ashe, a proven industry software CEO at Cognos and former IBM executive, has joined its board of directors.

March 7, 2013
Sycamore Partners to acquire Hot Topic

Sycamore Partners has agreed to acquire teen retailer Hot Topic for approximately $600 million, or 14 cents per share in cash.

March 5, 2013
JCPenney’s problems mount

JCPenney Co. last Tuesday dominated the retail news as its shares dropped 10.6% to a four-year low after reports that one of its largest shareholders had sold a chunk of the troubled company’s stock.

February 28, 2013
Glass half full

Sixty percent of retailers with at least two years of negative comps turn them positive.

February 20, 2013
Iconix acquires Lee Cooper denim brand

NEW YORK — Iconix Brand Group has acquired Lee Cooper, a global lifestyle brand with over a 100-year heritage for $72 million in cash. The brand was acquired through the company's Luxembourg subsidiary, Iconix Luxembourg Holdings Sarl. 

February 19, 2013
Capital One sells Best Buy credit card business to Citi

Capital One Financial Corp.has reached an agreement to sell the portfolio of Best Buy private label and co-branded credit card accounts, with current loan balances of approximately $7 billion, to Citi.

February 5, 2013
Bebe steps out with Aldo

Specialty apparel retailer,Bebe,has entered into a strategic global licensing agreement with Aldo to design, manufacture and distribute Bebe’s footwear.

January 25, 2013
Hilco seeks to elevate retail consulting biz

Hilco Trading wants to build the next great retail consulting business and consistent with that goal it has hired Antony Karabus to serve as president of Hilco’s retail consulting arm and elevated current CEO Greg Rubin to the role of chairman.

January 23, 2013
More store closings for Blockbuster

The growing popularity of Netflix, Hulu and other on-demand video rental services continues to take a toll on traditional brick-and-mortar video rental stores.

January 22, 2013
Apparel supplier names new CEO

Former Haggar executive Paul Buxbaum was named CEO of apparel manufacturer Hampshire Group.

January 10, 2013
Supervalu splits in half

In a move that will reunite all Albertsons stores under one operator, Supervalu on Thursday morning announced a definitive agreement under which it will sell 877 stores across the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners and related Osco and Sav-on in-store pharmacies to AB Acquisition, an affiliate of Cerberus Capital Management, in a transaction valued at $3.3 billion.

January 10, 2013
Triad Retail Media acquired by private equity

Rockbridge Growth Equity has acquired Triad Retail Media, a 300 person digital retail media agency founded by former Procter & Gamble executive Greg Murtagh.

January 10, 2013
Walgreens shares vision for 2013 and beyond

"[The year] 2012 was definitely an important year for Walgreens," Greg Wasson, Walgreens president and CEO, told shareholders here, at the Navy Pier, Wednesday afternoon, at the chain's annual shareholder meeting.

January 8, 2013
Macy’s CEO to join P&G board

Procter & Gamble name Macy’s chairman, president and CEO Terry Lundgren as the newest member of its board of directors.

January 7, 2013
Central Garden & Pet Company names new CEO

Central Garden & Pet Company has named John R. Ranelli as its new president and CEO, effective February 11.

January 3, 2013
Gap widens its reach, acquires new brand

Gap has added one more brand to its existing portfolio, purchasing Intermix Holdco for approximately $130 million in cash.

December 21, 2012
The TJX Companies extends its e-commerce reach

The TJX Companies has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming, for approximately $200 million in cash.

December 20, 2012
Bed Bath & Beyond weathers Sandy

Third quarter same store sales at Bed Bath & Beyond were negatively affectivd by Hurricane Sandy, but the nation’s leading home good retailer still managed to grow profits.

December 10, 2012
Licensor keeps Heelys rolling

Sequential Brands Group, a company that owns, markets and licenses a portfolio of consumer brands, including DVS Action Sports, will acquire Heelys, a maker of sports-inspired products targeted to the youth market.

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