Framingham, Mass., and New York City — On June 29, 2017, Staples, Inc. and Sycamore Partners, a leading private equity firm, entered into a merger agreement in which investment funds managed by Sycamore Partners will acquire Staples for approximately $6.9 billion.
retailers
Columbus, Ohio — DSW Inc., a leading branded footwear and accessories retailer, is opening its first warehouse in the Middle Eastern country of Oman. Located at the Muscat Grand Mall, the new store marks the first expansion of DSW Designer Shoe Warehouse outside North America.
Manhattan Beach, Calif. — SKECHERS USA, Inc., a global leader in the lifestyle and performance footwear industry, has opened its largest SKECHERS mall-based factory outlet store. The approximately 24,000-square-foot store is located at Ontario Mills in Ontario, Calif.
Dublin, Calif. — dd’s DISCOUNTS® opened its first store in the state of Pennsylvania, in Philadelphia, on June 24, 2017. With this new opening, dd’s DISCOUNTS now operates 201 locations in 16 states. The opening is a part of the retailer’s 2017 proposed expansion program of about 20 new dd’s DISCOUNTS locations nationally during the year.
Cape Coral, Fla. — Creighton Commercial Development and Construction has completed construction services for the new Shoot Center in Cape Coral, Fla., located at 1122 Del Prado Blvd. S. The Creighton Construction team was led by project manager Tom Misotti and superintendent Tracy Saylor.
Dublin, Calif. — dd’s DISCOUNTS®, a division of Ross Stores, Inc. will open its 200th store in Manteca, Calif., on June 24, 2017. The 18,000-square-foot Northern California store is located in the Stadium Center at Highway 120 and Airport Way. The new location will increase the store count to 84 in California.
Cleveland — Lisa Gavales has resigned from her post at Things Remembered as chairman, chief executive officer and president. Nelson Tejada has been promoted from senior vice president and chief merchandising officer to president, and Dave J. Helkey, has been promoted from chief financial officer to chief operating officer and chief financial officer.
Seattle — Online retail giant Amazon has agreed to acquire high-end grocery chain Whole Foods Market Inc. for $13.7 billion. The all-cash transaction amounts to $42 per share and includes the Austin, Texas-based grocer’s net debt. Whole Foods Market will continue to operate stores under the Whole Foods Market brand. John Mackey will remain CEO of Whole Foods Market, and the company’s headquarters will remain in Austin.