Retailing

Grupo Comercial Chedraui Announces the Acquisition of Smart & Final

Friday, May 14, 2021 - 12:14am

Celebrating its 150th anniversary in 2021 and headquartered in Commerce, Calif., Smart & Final operates more than 250 stores under two banners: Smart & Final and Smart & Final Extra!, in California, Arizona and Nevada.

Key Points: 
  • Celebrating its 150th anniversary in 2021 and headquartered in Commerce, Calif., Smart & Final operates more than 250 stores under two banners: Smart & Final and Smart & Final Extra!, in California, Arizona and Nevada.
  • Smart & Final stores service both household and business customers, representing approximately 70% and 30% of revenues, respectively.
  • For the fiscal year ended January 3, 2021, Smart & Final generated U.S. GAAP revenues of approximately U.S.$4.1 billion and Adjusted EBITDA of U.S.$167 million.\nJos\xc3\xa9 Antonio Chedraui Egu\xc3\xada, CEO of Chedraui, said, \xe2\x80\x9cWe are excited about the combination of Grupo Comercial Chedraui and Bodega Latina with Smart & Final, which further scales and expands our U.S. footprint.
  • Under the ownership of Grupo Comercial Chedraui and Bodega Latina, Smart & Final will benefit from their guidance given their recognized and established position in the food retail space while contributing our own best practices and experience.

Alexander’s Announces IKEA Exercises its Option to Purchase Paramus Property

Thursday, May 13, 2021 - 9:34pm

b'PARAMUS, N.J., May 13, 2021 (GLOBE NEWSWIRE) -- ALEXANDER\xe2\x80\x99S, INC. (New York Stock Exchange: ALX) announced today that it received notice from IKEA Property, Inc. of its election to exercise its purchase option of the Paramus, New Jersey property.

Key Points: 
  • b'PARAMUS, N.J., May 13, 2021 (GLOBE NEWSWIRE) -- ALEXANDER\xe2\x80\x99S, INC. (New York Stock Exchange: ALX) announced today that it received notice from IKEA Property, Inc. of its election to exercise its purchase option of the Paramus, New Jersey property.
  • The purchase price is $75 million and after repayment of the $68 million mortgage, the Company expects to receive net cash proceeds of approximately $6 million after costs.
  • The financial statement gain will be approximately $60 million and the tax gain will be approximately $63 million.
  • Such factors include, among others, risks associated with the performance by IKEA of its obligations to purchase the Paramus property.\n'

Sprouts Farmers Market to Present at the BMO Capital Markets 16th Annual Farm to Market Virtual Conference

Thursday, May 13, 2021 - 9:02pm

b'PHOENIX, May 13, 2021 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that Jack Sinclair, chief executive officer, and Denise Paulonis, chief financial officer, will present at the BMO Capital Markets 16th Annual Farm to Market Conference.

Key Points: 
  • b'PHOENIX, May 13, 2021 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that Jack Sinclair, chief executive officer, and Denise Paulonis, chief financial officer, will present at the BMO Capital Markets 16th Annual Farm to Market Conference.
  • True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store.
  • Sprouts inspires wellness naturally with a\xc2\xa0carefully curated\xc2\xa0assortment of better-for-you products paired with purpose-driven people.
  • The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free.

MRP Capital Group Sells Nebraska Walmart-Anchored Shopping Center for $2.65 Million

Thursday, May 13, 2021 - 7:30pm

b'MRP Capital Group announces the sale of Starwood Shopping Center in Omaha, Nebraska.\nThis press release features multimedia.

Key Points: 
  • b'MRP Capital Group announces the sale of Starwood Shopping Center in Omaha, Nebraska.\nThis press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20210513005064/en/\nStarwood Shopping Center | Omaha, Nebraska (Photo: Business Wire)\nMRP acquired this Walmart-Anchored Shopping Center in October 2017.
  • This 22,164 square foot shopping center is located directly in front of a high-performing Walmart Supercenter.
  • MRP Capital Group\xe2\x80\x99s current portfolio is comprised of over 1.5 million square feet of retail space across 17 states.

Canadian Tire Corporation Announces Election of Directors

Thursday, May 13, 2021 - 9:35pm

b'Final voting results on all matters voted on at the Meeting will be filed shortly with the Canadian securities regulators.\nCanadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or "CTC", is a family of businesses that includes a Retail segment, a Financial Services division and CT REIT.

Key Points: 
  • b'Final voting results on all matters voted on at the Meeting will be filed shortly with the Canadian securities regulators.\nCanadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or "CTC", is a family of businesses that includes a Retail segment, a Financial Services division and CT REIT.
  • Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.
  • Party City, PartSource and Gas+ are key parts of the Canadian Tire network.
  • In addition, CTC owns and operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway.

Meijer Opens New Supercenters in Ohio and Indiana

Thursday, May 13, 2021 - 7:00pm

"\nKeyes said that various digital shopping solutions Meijer has developed will be equally popular at the new stores as they have been across the Midwest over the past 12 months.

Key Points: 
  • "\nKeyes said that various digital shopping solutions Meijer has developed will be equally popular at the new stores as they have been across the Midwest over the past 12 months.
  • Customer usage of Shop & Scan , which allows shoppers to scan barcodes via a mobile app and bag their items as they shop, has made checkout easier.
  • "\nAbout Meijer: Meijer is a Grand Rapids, Mich.-based retailer that operates more than 255 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin.
  • Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/meijer-opens-new-supercenters-in...\n'

Sally Beauty Holdings Appoints Matt McAdam as Group Vice President of Beauty Systems Group Merchandising

Thursday, May 13, 2021 - 2:05pm

b'DENTON, Texas, May 13, 2021 /PRNewswire/ -- Today Sally Beauty Holdings, Inc. (NYSE: SBH) announced the appointment of Matt McAdam as Group Vice President of Beauty Systems Group (BSG) Merchandising, which operates the Cosmo Prof and Armstrong McCall businesses across the U.S. and Canada.\nMcAdam comes to BSG with more than 30 years of experience in the merchandising industry.

Key Points: 
  • b'DENTON, Texas, May 13, 2021 /PRNewswire/ -- Today Sally Beauty Holdings, Inc. (NYSE: SBH) announced the appointment of Matt McAdam as Group Vice President of Beauty Systems Group (BSG) Merchandising, which operates the Cosmo Prof and Armstrong McCall businesses across the U.S. and Canada.\nMcAdam comes to BSG with more than 30 years of experience in the merchandising industry.
  • Most recently, he served as Senior Vice President of Merchandising at Family Dollar.
  • "\nSally Beauty Holdings, Inc. (NYSE: SBH), as the leader in professional hair color, sells and distributes professional beauty supplies globally through its Sally Beauty Supply and Beauty Systems Group businesses.
  • For more information about Sally Beauty Holdings, Inc., please visit https://www.sallybeautyholdings.com/ .\nView original content to download multimedia: http://www.prnewswire.com/news-releases/sally-beauty-holdings-appoints-m...\n'

ChannelAdvisor to Present at the 16th Annual Needham Virtual Technology & Media Conference

Thursday, May 13, 2021 - 2:00pm

b'RESEARCH TRIANGLE PARK, N.C., May 13, 2021 (GLOBE NEWSWIRE) -- ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions, today announced that David Spitz, the company\xe2\x80\x99s Chief Executive Officer, will present at the 16th Annual Needham Virtual Technology & Media Conference on Thursday, May 20th, 2021 at 11:00 a.m. Eastern Time.\nA live webcast, as well as the replay, will be available on the \xe2\x80\x9cEvents & Presentations\xe2\x80\x9d page of the Company\xe2\x80\x99s investor relations website at\xc2\xa0ir.channeladvisor.com.\nChannelAdvisor (NYSE: ECOM) is a leading e-commerce cloud platform whose mission is to connect and optimize the world\xe2\x80\x99s commerce.

Key Points: 
  • b'RESEARCH TRIANGLE PARK, N.C., May 13, 2021 (GLOBE NEWSWIRE) -- ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions, today announced that David Spitz, the company\xe2\x80\x99s Chief Executive Officer, will present at the 16th Annual Needham Virtual Technology & Media Conference on Thursday, May 20th, 2021 at 11:00 a.m. Eastern Time.\nA live webcast, as well as the replay, will be available on the \xe2\x80\x9cEvents & Presentations\xe2\x80\x9d page of the Company\xe2\x80\x99s investor relations website at\xc2\xa0ir.channeladvisor.com.\nChannelAdvisor (NYSE: ECOM) is a leading e-commerce cloud platform whose mission is to connect and optimize the world\xe2\x80\x99s commerce.
  • For nearly two decades, ChannelAdvisor has helped brands and retailers worldwide improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.
  • Thousands of customers depend on ChannelAdvisor to securely power their sales and optimize fulfillment on channels such as Amazon, eBay, Google, Facebook, Walmart, and hundreds more.
  • \xc2\xa0For more information, visit www.channeladvisor.com .\n'

InVastor, the Ecommerce Marketplace Startup That Wants to Turn 32 Million US Businesses to one Great Shopping Experience

Thursday, May 13, 2021 - 1:36pm

A consumer should be able to buy insurance, pay a cable bill, buy coffee, shop for grocery and cloths at the same time.

Key Points: 
  • A consumer should be able to buy insurance, pay a cable bill, buy coffee, shop for grocery and cloths at the same time.
  • Businesses need to connect and complement each other, than compete.
  • Those who can\'t offer customers a great experience will not survive as can be seen with the bankruptcies of many major businesses.
  • InVastor wants to connect businesses to provide a great experience for customers.\n'

Bed Bath & Beyond Names Experienced Retail Merchant Stacey Shively As SVP, General Merchandise Manager To Enhance Position As Home Authority In The $180B Market

Thursday, May 13, 2021 - 1:11pm

b'UNION, N.J., May 13, 2021 /PRNewswire/ --Bed Bath &Beyond Inc.(Nasdaq: BBBY) has named Stacey Shively as Senior Vice President and General Merchandise Manager for Home effective May 17, 2021.

Key Points: 
  • b'UNION, N.J., May 13, 2021 /PRNewswire/ --Bed Bath &Beyond Inc.(Nasdaq: BBBY) has named Stacey Shively as Senior Vice President and General Merchandise Manager for Home effective May 17, 2021.
  • Shively will be responsible for further accelerating merchandising plans for key categories including bed, bath, seasonal, dcor, kitchen, dining, organization, electrics and general merchandise as part of the Company\'s three-year transformation strategy.
  • "Stacey brings a wealth of knowledge and experience in retail with exceptional leadership skills delivering positive sales results in fast-paced, transformational environments.
  • Shively joins Bed Bath & Beyond with more than 25 years of retail experience in merchandising, product development and inventory management.