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Hudson’s Bay Company announced the completion of its acquisition of Saks Inc. Hudson’s Bay Company acquired Saks Inc. at a value of $2.9 billion.
Closeout retailer Big Lots has decided to exit the wholesale business. The merchant will wind down operations of Big Lots Wholesale, Consolidated International, and Wisconsin Toy wholesale operations by the end of fiscal 2013.
The merger of equals proposed by OfficeMax and Office Depot would create a $17 billion office supplies empire.
MSC Industrial Direct’s net sales for the fourth quarter were aided by the recently acquired Barnes Distribution North America, business contributed approximately $73.6 million its figures.
Blyth confirmed that it has received an unsolicited proposal from CVSL, Inc. to acquire, subject to conditions, all of the public common shares of Blyth for approximately $269 million payable in CVSL shares or cash.
Systemax today announced financial results for the third quarter and nine months ended September 30, 2013.
The Conference Board Consumer Confidence Index, which had declined moderately in September, decreased sharply in October as the federal government shutdown and debt-ceiling crisis took a particularly large toll on consumers’ expectations.
The company said that separating Lands’ End and Sears Auto Center would allow them to pursue their own strategic opportunities, optimize their capital structures, attract talent, and allocate capital in a more focused manner while bringing the business unit structure to life outside of the Sears Holdings portfolio.
Ingram Micro announced that it has entered into a definitive agreement pursuant to which it will acquire global fulfillment service provider Shipwire. Terms of the deal were not disclosed.
Loyalty programs are becoming increasingly popular among retailers and consumers alike. However, as more and more consumers are opting in to these types of programs, over 30% of shoppers say the amount of personal information requested by a merchant is a major factor when considering signing up for a loyalty program or not.