New York City — Walgreens is buying Rite Aid for approximately $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world. The deal combines the largest and third-largest U.S. drugstore chains, based on store counts.
retailers
Nashville, Tenn. and Philadelphia — The Pep Boys – Manny, Moe & Jack and Bridgestone Retail Operations, LLC (BSRO), a wholly owned subsidiary of Bridgestone Americas, Inc., have entered into a definitive merger agreement under which BSRO will acquire Pep Boys in an all-cash transaction for approximately $835 million in aggregate equity value.
New York — On October 27, Century 21 Department Store will open an approximately 70,000-square-foot, two-level store at Green Acres Mall in Valley Stream, N.Y., on the South Shore of Long Island. It will be the 10th department store for the legendary Manhattan-based retailer.
Vancouver — Smartcool Systems Inc. has completed installations in four Kappy’s Fine Wine & Spirits stores located in Massachusetts. Smartcool deployed its new smart thermostat to deliver not only substantial energy savings from its compressor optimization algorithm but a communication platform that allows the customer to view in real time operational data at each site.
Honolulu — Bloomingdale’s will enter the Hawaii market with the opening of its new Ala Moana store on November 12, 2015 in Honolulu on the Island of O’ahu. This location will serve as the centerpiece of a major retail expansion and common area renovation at Ala Moana Center, the world’s largest open-air shopping mall.
New York City, Hong Kong, Beijing and Shanghai — Brooks Brothers Group, Inc and Walton Brown Group, a subsidiary of The Lane Crawford Joyce Group, Asia’s premier fashion retail and brand management group, have established a joint venture that will open more than 10 points of sale for Brooks Brothers in the first 2 years.
Dubai, United Arab Emirates — Seven Emirates Investment LLC, a master franchisee of 7-Eleven, Inc., opened its first 7-Eleven store in the Middle East on October 6, 2015. The 2,000-square-foot store is in Bay Square, near downtown Dubai and the world’s tallest building, Burj Khalifa Tower.