Retail

Sears Puts Sears Canada Shares Up for Sale

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings is putting 40 million of its shares in Sears Canada up for sale, in a move expected to generate up to $380 million, according to separate statements from the U.S. retailer. The shares will be offered for C$10.60 a share (slightly less than $9.50), the closing price for Sears Canada stockMore »

Last updated: October 2, 2014

Wayfair Prices IPO at $29 Per Share

Wayfair.com

BOSTON-Wayfair has priced its initial public offering of 11 million shares of class A common stock at $29 per share. The online home furnishings retailer announced its IPO in August, and the shares are expected to begin trading today on the New York Stock Exchange, under the symbol “W.” Wayfair is offering 10.5 million sharesMore »

Last updated: October 2, 2014

Dollar General Extends Deadline for Family Dollar Offer

Dollar General

GOODLETTSVILLE, Tenn.-Dollar General has moved the deadline for its $80-per-share offer for Family Dollar to 5 p.m. EST, on Oct. 31. The offer was originally set to expire on Oct. 8 at 5 p.m. EST. As of Sept. 30, 5 p.m. EST, 126,499 of the approximately 114 million outstanding Family Dollar shares (as of theMore »

Last updated: October 2, 2014

Williams-Sonoma to Reopen at Original Store Site

Chuck Williams

SAN FRANCISCO-On Oct. 4, Williams-Sonoma will reopen a retail location and cooking school in Sonoma, Calif., at the same location where its first store opened almost 60 years ago. The store reopening coincides with the birthday of Williams-Sonoma founder Chuck Williams, who just celebrated his 99th birthday. Williams purchased a hardware store in Sonoma in 1956More »

Last updated: October 3, 2014

Consumer Confidence Falls in September

Conference Board

NEW YORK-After four straight months of gains, the consumer confidence index dived 7.4 points in September, according to The Conference Board, which compiles the monthly indicator. The index’s September reading was 86.0, down from 93.4 in August. The expectations index and present situations index, the two component indexes for the overall number, both dropped asMore »

Last updated: October 1, 2014

Mattress Firm Closes Purchase of Back to Bed, M World Mattress, MCStores and TBE Orlando

Mattress Firm

HOUSTON-Mattress Firm has completed the acquisition of the mattress specialty retail assets of Back to Bed Inc., M World Mattress, MCStores and TBE Orlando. Collectively, these companies operate Back to Bed and Bedding Experts retail stores in Illinois, Indiana and Wisconsin, and Bedding Experts and Mattress Barn stores in Florida. The acquisition adds about 135More »

Last updated: October 1, 2014

Family Dollar: States Looking Into Dollar General Proposal

H09-FamilyDollar3_R1

MATTHEWS, N.C.-A number of state attorneys general are investigating Dollar General’s bid to acquire Family Dollar, according to a filing by Family Dollar with the U.S. Securities and Exchange Commission. The filing consists of a number of amendments to an earlier SEC filing made by Family Dollar related to Dollar General’s offer to purchase allMore »

Last updated: September 30, 2014

Instagram’s Systrom Joins Walmart Board

Kevin Systrom

BENTONVILLE, Ark.-Walmart’s board of directors has appointed Kevin Systrom, co-founder and CEO of Instagram, to the board, effective Sept. 26. Systrom, who is the 15th member of the retailer’s board, also serves as a member of the company’s Technology and E-commerce Committee and its Compensation, Nominating and Governance Committee. Rob Walton, Walmart’s chairman, said Systrom’sMore »

Last updated: September 30, 2014