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Retail - Articles

July 11, 2019

TravelCenters of America backs QuikQ

TravelCenters of America LLC has provided a strategic investment in QuikQ LLC, an independent full-service fuel payment solutions provider founded in 2008....

By Adam Burroughs

July 11, 2019

American Eagle authorizes 30M more shares for repurchase

American Eagle Outfitters Inc.’s board has authorized an additional 30 million shares for repurchase through Feb. 3, 2024. This brings the shares available for purchase under the company’s publicly announced share repurchase authorizations, as of July 10, 2019, to approximately 37.4 million....

By Jayne Gest

June 26, 2019

StockX Attains Unicorn Status After Record Michigan VC Raise

The company also hired eBay executive Scott Cutler as its new CEO, succeeding co-founder Josh Luber, who will continue to serve on the executive leadership team and board....

By Mark Scott

June 19, 2019

Capital One buys Detroit online luxury retailer Jewel

The bank holding company says the acquisition of the online luxury retailer will add to its efforts to develop tools that help customers make smarter financial decisions....

By Jayne Gest

June 18, 2019

Crate and Barrel Buys Hudson Grace

Founded in 2012 by veteran retailers Monelle Totah and Gary McNatton, Hudson Grace is known for modern tabletop and entertaining products evoking the coastal California lifestyle....

By Mark Scott

May 13, 2019

British retailer to buy Certified Oil convenience stores, gas stations

EG Group will acquire Certified Oil and its 69 convenience stores and gas stations. The transaction will be an important step in building out the U.K.-based company's U.S. strategy....

By Jayne Gest

May 13, 2019

Embattled Bed Bath & Beyond CEO steps down

In the ongoing battle between activist investors, including Cleveland's Ancora, and Bed Bath & Beyond, the retailer's CEO has stepped down and been replaced by board member Mary Winston....

By Adam Burroughs

May 10, 2019

Investors file suit against Bed Bath & Beyond in federal court

The investors vs. Bed Bath & Beyond saga continues as Legion Partners Holdings, one in a group of activist investors that includes Cleveland’s Ancora Advisors LLC, has filed a lawsuit against the retailer alleging it is subverting the rights of shareholders in the fight over the constitution of its board....

By Adam Burroughs

May 3, 2019

Streetsboro Crossing shopping center changes hands

Streetsboro Crossing shopping center has been sold by New York-based Brixmor Property Group Inc. to an affiliate of Pine Tree LLC. Terms of the acquisition were not announced....

By Adam Burroughs

April 22, 2019

Bed Bath & Beyond bows to pressure from Ancora, other investors

The retailer said it will transform its board, which will now comprise 10 directors, nine of whom are independent and six of whom are women. The investors responded that they were not impressed....

By Adam Burroughs

April 22, 2019

Hedge fund withdraws L Brands board nominees

Activist investor Barington Capital Group has agreed to withdraw its proposed L Brands board nominees. Instead, it will serve as a special adviser....

By Jayne Gest

April 8, 2019

RVI sells Mariner Square shopping center for $17M

Subsequent to the transaction, RVI owns interests in 22 properties located in the continental U.S. and 12 properties in Puerto Rico....

By Adam Burroughs

March 26, 2019

Investors press change at Bed, Bath & Beyond

Bed, Bath and Beyond is fending off a group of activist investors, concluding Cleveland's Ancora Advisors, demanding significant changes, including replacing both its CEO and its entire board....

By Adam Burroughs

March 11, 2019

Enesco completes acquisition of Things Remembered

Giftware seller and distributor Enesco LLC has completed its acquisition of Things Remembered Inc., preserving 176 stores and 1,400 jobs while expanding the company's offerings....

By Adam Burroughs

March 8, 2019

L Brands pressed to spin off Victoria’s Secret

Activist investor Barington Capital is urging L Brands to spin off its struggling Victoria Secret brand, in part to protect its thriving Bath & Body Works brand, which Barington says should be taken...

By Adam Burroughs

February 6, 2019

Things Remembered sells to Enesco, files bankruptcy

Things Remembered is selling most of its business to Enesco, an Illinois-based giftware, home décor and accessories distribution company. To facilitate the sale, the company filed voluntary petitions under Chapter 11, seeking bankruptcy court approval for a severance and outplacement program to support impacted employees and incentives for store employees....

By Adam Burroughs

January 16, 2019

TravelCenters of America to buy 20 properties for $308.2M

TravelCenters of America is buying travel center properties from Hospitality Properties Trust, TA’s principal landlord, for $308.2 million....

By Adam Burroughs

January 10, 2019

CVS buys Ritzman Pharmacies, closes all but three sites

Ritzman Pharmacies is selling all of its 20 Northeast Ohio retail pharmacies to CVS Pharmacy, which will close all but three of the stores....

By Adam Burroughs

December 7, 2018

TravelCenters sells convenience stores

TravelCenters of America has completed the $330.8 million sale of its convenience store business....

By Adam Burroughs