Macy’s to close another 100 stores; stock jumps

Reported by Yahoo Finance | August 11, 2016 Written by Sruthi Ramakrishnan, Reuters   View Original Article Here   (Reuters) - Macy's Inc said it plans to close another 100 stores, or 14 percent of the total, as it seeks to turn around its business after six quarters of falling sales, sending its shares soaring.   The … [Read more...]

Staples, Office Depot Stocks Plummet After $6.3B Merger’s Demise

Posted on | May 11, 2016 Written By Nathan Bomey and Kevin McCoy View Original Article Here   Shares of Staples and Office Depot nosedived Wednesday after their $6.3 billion merger deal collapsed.   Investors flocked away from both retailers after the office supply giants scrapped their deal in the wake … [Read more...]

Travel Centers of America Closes Purchase of Quaker Steak and Lube

Published April 25, 2016 | The Business Journal View Original Article Here     WESTLAKE, Ohio – TravelCenters of America LLC says it has completed its acquisition of the Quaker Steak & Lube restaurant chain for $25 million.   “We expect to grow Quaker Steak & Lube into a nationally recognized brand … [Read more...]

Arby’s Leads QSR Industry with 8.1% U.S. System Sales Growth in 2015

Posted on | February 1, 2016 View Release Here Brand opened 60 new U.S. restaurants, most since 2008 ATLANTA (February 1, 2016) –Arby’s achieved industry-leading system U.S. SameStore Sales (SSS) growth of 8.1% in 2015 – more than three times the growth rate of a sample of the larger Quick Service Restaurant (QSR) … [Read more...]

Plano-based At Home is Recycling Old Spaces into New Stores

Posted on | February 5, 2016 By Maria Halkias   View Original Article Here Photo: Andy Jacobsohn/Staff Photographer   A former Wal-Mart on LBJ Freeway in Farmers Branch and a Kohl’s that’s closing in Plano will become the newest locations of Plano-based home decor retailer At Home.   Although At … [Read more...]

Dollar Tree Inc. Upgraded To ‘BB+’ by Standard & Poor’s

Posted on   Dollar Tree Inc. Upgraded To 'BB+' On Continued Debt Reduction, Outlook Stable; Issue-Level Ratings Also Raised 29-Jan-2016 09:50 EST View Analyst Contact Information Discount retailer Dollar Tree Inc. continues to integrate its Family Dollar Stores Inc. acquisition and … [Read more...]

Walmart to Streamline Business by Closing Express Stores

Published By | January 19, 2016 Written By Zacks Equity Research,   View Original Article   The largest global retailer Wal-Mart Stores Inc. (WMT) has been facing severe challenges since the last few quarters and showing signs of acute weakness. Amid the weak scenario, the retailer plans to close 269 … [Read more...]

FTC Rejects Staples-Office Depot Deal Without a Counteroffer

Posted on Bloomberg Business | By David McLaughlin December 21, 2015   View Original Article Here     Staples Inc. will have to do more to smooth government opposition to its proposed takeover of Office Depot Inc. after the U.S. rejected its latest attempt to win antitrust approval.   Staples offered to … [Read more...]

Rite Aid Buy Makes Ripples in NNN Market

Posted 11/3/2015 | By Brian J. Rogal View Original Article Here CHICAGO—The recent decision by Walgreens to buy Rite Aid for more than $9.4 billion in cash will set off ripples in the market for triple net lease properties. Drug stores like these are among the most popular options for investors, but the uncertainty … [Read more...]

Walgreens Likely To Go on Real Estate Diet if Deal for Rite Aid Wins Approval

Published on | October 28, 2015 Written by Mark Heschmeyer View Original Article Here   Rite Aid Accepts $17.2 Billion Buyout Offer from Walgreens Boots Alliance, Execs See $1 Billion in Cost Savings   The newly announced merger agreement between Walgreens Boots Alliance Inc. and Rite Aid Corp. has the potential … [Read more...]