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PetSmart has entered into a definitive agreement to be acquired by a consortium led by private equity firm BC Partners, Inc. at a price of $83 per share in cash, representing a premium of approximately 39% over PetSmart’s unaffected closing share price on July 2. The transaction would be valued at approximately $8.7 billion
Abercrombie & Fitch announced today that embattled CEO Michael Jeffries is retiring. He will also be retiring as a board member, effective immediately. See what this will mean for the retailer.
The Alliance for Main Street Fairness launched a television advertising campaign against Alibaba this week to educate lawmakers on what it calls an imminent threat to U.S. retailers. But are AMSF’s claim against Alibaba true?
The transaction provides Speed Commerce with a diverse list of marquee clients on long-term contracts, adds substantial fulfillment services assets, and solidifies the company’s position as one of the fastest growing providers of end-to-end ecommerce services.
Petco has entered into an agreement to acquire Drs. Foster and Smith, a leading veterinary-owned online pet supply company. The acquisition will unite one of the largest pet specialty retailers with one of the largest online pet retailers in the country.
When you compare Sears Holdings with its big box counterparts, it seems to be ahead of the curve when it comes to innovation and technology. However, Sears Holdings is losing money like crazy, and rumor has it store closings will escalate. Here’s a look at some of the technology and innovation that’s making Sears Holdings brands Sears and Kmart look like winners.
JC Penney has named Marvin Ellison, currently the executive vice president of stores at Home Depot, as its new president and CEO-designee effective Nov. 1, according to a press release.
Ali Wing has accepted the position of Chief Marketing Officer, EVP of Digital Commerce at maurices, a subsidiary of Ascena Retail Group.
Batteries Plus LLC has acquired privately held LED Hut Ltd., a leading provider of LED lighting products, including bulbs and light fixtures, to customers throughout Europe.
Online floral retailer 1-800-Flowers announced it has acquired specialty gift retailer Harry & David Holdings Inc. for $142.5 million, according to a press release.