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July 15, 2020

Thirty-One Gifts Gets Growth Capital From Kanbrick

Thirty-One Gifts founder Cindy Monroe has taken on a growth equity partner in Kanbrick, the investment firm led by former Waren Buffett deputy Tracy Britt Cool and Brian Humphrey. Terms were not disclosed.v...

By Michael Marzec

May 15, 2020

UNFI’s Retail Accounting Services Division sold

FMS Solutions Inc. has agreed to acquire United Natural Foods Inc.’s Retail Accounting Services Division, where retail accounting teams in Pittsburgh, St. Louis, Anniston, Alabama, Champaign, Illinois, and Hopkins, Minnesota, will become FMS subsidiaries....

By Jayne Gest

May 5, 2020

University Corners Retail Center Bought By Konover South In $3M Deal

A loan in the amount of $2.3 million was provided by KS Lending Corp., a Konover South company, and the center was acquired through Ten-X Commercial....

By Mark Scott

May 4, 2020

L Brands to spin out Victoria’s Secret after deal terminates

L Brands Inc. has agreed to allow Sycamore Partners to terminate its deal to buy Victoria’s Secret. The company plans to establish Bath & Body Works as a pure-play public company and prepare the Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK businesses to operate as a separate, standalone company....

By Jayne Gest

April 22, 2020

Sycamore Partners wants to cancel pending Victoria’s Secret sale

Sycamore Partners has delivered notice to L Brands Inc. purporting to terminate the transaction agreement relating to the sale of a 55 percent interest in Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK....

By Jayne Gest

March 20, 2020

Levin Furniture deal is reportedly off

Pittsburgh-based Levin Furniture former President and owner Robert Levin’s agreement to come out of retirement to save the company has reportedly been called off....

By Jayne Gest

March 6, 2020

Ancora, NY-Based Macellum Takes 11 Percent Stake In Big Lots, Calls For New Board

Citing a number of strategic mistakes, an investor group has issued an open letter to shareholders of Columbus-based retailer Big Lots Inc. calling for a new board that it believes can maximize and return shareholder value....

By Mark Scott

March 2, 2020

B’laster Corp. Buys MI-Based Armor Protective Packaging

As a result of this acquisition, B’laster is now the manufacturer and retail distributor of Metal Rescue products. The company began manufacturing the product line in its Valley View plant in late February....

By Mark Scott

February 20, 2020

Victoria’s Secret, Pink to be sold to Sycamore Partners

L Brands Inc. plans to position Bath & Body Works as a standalone public company, separating Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK into a privately-held entity. New York PE firm Sycamore Partners will purchase a 55 percent majority interest for approximately $525 million. Les Wexner will step down and become chairman emeritus of L Brands....

By Jayne Gest

February 5, 2020

Michael Feuer: Buy It, Build It, Or Forget It?

It’s not how big you make it, it’s how you make it big, says Michael Feuer...

By Michael Feuer

January 21, 2020

The Shops at Worthington Place has a new owner

Dallas Investment company Direct Retail Partners has purchased The Shops at Worthington Place for a reported $19.8 million....

By Jayne Gest

December 30, 2019

American Freight to be sold to Franchise Group

Franchise Group Inc. has agreed to acquire American Freight Group Inc., a Delaware, Ohio-based provider of furniture, mattresses and home accessories, in an all cash transaction for approximately $450 million from an affiliate of New York PE firm The Jordan Company L.P. and other stockholders of American Freight....

By Jayne Gest

December 23, 2019

Sears Parent Company Sells DieHard Brand For $200M

Advance Auto Parts Inc. has acquired the DieHard brand from Sears parent company Transform Holdco LLC for $200 million utilizing cash on hand....

By Mark Scott

December 3, 2019

How Maxine Clark Financed Build-A-Bear

Build-A-Bear Workshop founder Maxine Clark talks about how she raised the capital — both financial and intellectual — to grow the retail chain and eventually take it public....

By Adam Burroughs

December 2, 2019

Washington Prime Group purchases former Elder Beerman site at Dayton Mall

Washington Prime Group Inc. has purchased from a non-retailer the former Elder Beerman (Bon-Ton Stores) site at Dayton Mall. The company plans to redevelop the 15-acre site, which includes a two-story, approximately 200,000 square foot retail building....

By Jayne Gest

November 26, 2019

Nicole Crafts to shutter A.C. Moore retail stores

Nicole Crafts is exiting its retail operations and will close its A.C. Moore stores as part of a broader strategic plan....

By Adam Burroughs

November 19, 2019

Kinzie Capital Partners Buys Colony Display

Founded in 1983 by Jerry Zich and Kent West, Colony provides highly customized fixtures and displays servicing the home improvement, retail and hospitality industries. The company will continue to be led by CEO Chuck Zich....

By Mark Scott

November 17, 2019

Croton Holding’s Par Mar buys Mountaineer Marts

Par Mar Convenience Stores has reached a deal to acquire Mountaineer Marts, a 17-store chain based in Buckhannon, West Virginia, CStore Decisions reports. Pittsburgh-based Croton Holding Co. owns Par Mar Oil Co. and its operating division, Par Mar Stores....

By Jayne Gest

November 12, 2019

Longaberger intellectual property sold

Xcel Brands Inc. and Chicago-based Hilco Global have acquired the intellectual property of Longaberger. Xcel Brands, a media and consumer products company, will manage the American heritage home and collectibles brand out of its New York City headquarters going forward....

By Jayne Gest

November 12, 2019

Loop raises $10M Series A round

Loop, the Columbus e-commerce SaaS platform, has closed a $10 million Series A funding round. The funding will allow Loop to strengthen its proprietary technology, which focuses on automating a customer’s return service, and help the company further expand....

By Jayne Gest

November 6, 2019

David’s Bridal recapitalizes

David’s Bridal Inc. has received firm commitments for $55 million of new capital from existing lenders to fund growth investments....

By Adam Burroughs

November 1, 2019

Big Lots sells California distribution center

Big Lots Inc. completed the sale of its distribution center in Rancho Cucamonga, California, for $191 million. The facility was sold as a result of the company’s move to a new distribution center in Apple Valley, California....

By Jayne Gest

October 10, 2019

These sisters roll up their sleeves for the nitty gritty hard work of growing The W Nail Bar

Manda Mason and Lauren Hunter share the story behind their rapidly growing nail salon business, which includes a unique store-within-a-store partnership deal with DSW....

By Jayne Gest

October 3, 2019

Serial Entrepreneur Dan Pries On Financial Vs Strategic Buyers

Serial entrepreneur Dan Pries, who is currently running OptivityX, talks about selling businesses and what he’s learned about the differences in strategic and financial buyers....

By Adam Burroughs

September 30, 2019

Tecum invests in Ace Hardware franchisee

Tecum Capital Partners has invested in The Helpful Hardware Co., an Ace Hardware franchisee. Tecum provided subordinated debt and equity to support Maryland-based JPB Partners’ acquisition. HHC is poised for continued growth given management’s deep experience and proven strategy in acquiring and continuously enhancing locations....

By Jayne Gest

September 30, 2019

DICK’s to sell eight locations

Sportsman’s Warehouse Holdings Inc. has agreed to acquire eight Field & Stream locations from DICK’S Sporting Goods Inc. for $28 million. The deal is consistent with Sportsman’s strategy to return to a more typical store growth pattern, following investment in omni-channel capabilities, technology and debt reduction over the last two years....

By Jayne Gest

September 26, 2019

Radius sold to Texas technology company

TRUNO, a national provider of integrated retail technology solutions, intends to buy Columbus-headquartered Radius Solutions, in a strategic acquisition that comes as a part of the technology partner’s continuing expansion across the country....

By Jayne Gest

September 19, 2019

Taubman Centers Completes $300M Sale Of South Korean Shopping Center

Starfield Hanam is the largest Western-style shopping center in South Korea at nearly 1.7 million square feet....

By Mark Scott

September 17, 2019

MPE Partners invests in Arizona Shower Doors

Arizona will partner with MPE's existing portfolio company, DreamLine, a distributor of shower related products....

By Adam Burroughs

August 29, 2019

Abercrombie & Fitch reports dividend, repurchases shares

Abercrombie & Fitch Co.’s board has declared a quarterly cash dividend of $0.20 per share on its Class A common stock. It also repurchased 3.5 million shares during the second quarter....

By Jayne Gest

August 29, 2019

Designer Brands reports dividend

The board of Designer Brands Inc., one of North America’s largest designers, producers and retailers of footwear and accessories, declared a quarterly cash dividend of $0.25 per share....

By Jayne Gest

August 28, 2019

True North Energy buys Schmuckal Oil

Brecksville, Ohio-based True North Energy LLC has closed on the purchase of 25 convenience retailing and petroleum marketing assets from Schmuckal Oil Co. and its affiliates in the Traverse City, Mich., market....

By Adam Burroughs

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