July 26, 2023
LIDL U.S. CEO Michal Lagunionek will step down in four weeks from the role that he has held since April 2021. Joel Rapoldt, partner and managing director at consulting firm AlixPartners, will replace Lagunionek, making him the fourth person to assume the top role si ... Read more
July 19, 2023
In the DAVIDS BRIDAL, DIP case, reports indicate the Court approved the going concern sale of the Davids Bridal business to Cion Investment Corporation, avoiding a liquidation. This follows our initial reporting that Cion was selected as the successful winner at an aucti ... Read more
July 12, 2023
Lidl will be closing five stores in four states, in each instance citing underperformance as the reason the locations are being shuttered. Stores in Short Pump and Charlottesville, VA, North Augusta, SC; Howell, NJ; and Thomasville, NC are all expected to close on or about July 16 ... Read more
July 5, 2023
Cardenas Markets, LLC has acquired El Rancho Supermercado, a Texas-based grocery chain with 28 locations; details were not disclosed. Cardenas plans to continue to operate the stores under the El Rancho banner, which joins its existing Cardenas (57 stores), Tonys Fresh Market (21), ... Read more
June 28, 2023
Deteriorating operations have forced Neiman Marcus to evaluate either a sale of its Bergdorf Goodman stores in New York City or possibly a disposition of the whole company, according to sources, who indicated that top executives plan to meet with prospective buyers for Bergdorf in ... Read more
June 21, 2023
Home Depot was notified that TRC Capital Investment Corporation made an unsolicited “mini-tender” offer to purchase up to 500,000 shares (less than 5% of total shares) of Home Depot’s common stock, at an offer price of $280 per share. This price is 4.5% lower tha ... Read more
June 14, 2023
Wegmans plans to close its Natick Mall store in Natick, MA this summer due to underperformance. The 134,000 square-foot supermarket opened in 2018 and is one of the largest operated by the chain. The location previously included a Mexican restaurant called Blue Dalia Restaurant an ... Read more
June 7, 2023
At a recent investor conference, Yum Brands CEO David Gibbs outlined the Company’s growth potential, saying it has the possibility to add “another 100,000” units, on top of the 55,000 stores the Company currently operates. Gibbs stated, “Five years from now, ... Read more
May 31, 2023
FY23 got off to a strong start for Dollar Tree with comps up 3.4% at Dollar Tree and 6.6% at Family Dollar. Both comp gains were primarily driven by increased traffic. During the quarter the Company added 107 stores and closed 29. The Company is looking to add 600 to 650 stores ... Read more
May 24, 2023
WHP Global, which acquired Toys “R” Us in 2021, entered into a partnership with travel retailer Duty Free America to open the first Toys “R” Us airport location. The store will be located in Terminal A at Dallas Fort Worth International Airport, slated to ope ... Read more