Target “expects more and pays less” for its data centers.
retailers
Framingham, Mass. & Boca Raton, Fla. — Staples, Inc. and Office Depot, Inc. have entered into a definitive agreement under which Staples will acquire all of the outstanding shares of Office Depot. Staples began discussions to acquire Office Depot in September 2014. The agreement has been unanimously approved by each company’s board of directors.
Los Angeles — Marc Crossman has tendered his resignation as president and chief executive officer of Joe’s Jeans Inc. In conjunction with his resignation, Crossman will be transitioning to a consulting position with the company. Samuel Joseph Furrow, Jr. (Jay Furrow) will serve as interim CEO.