One man’s dream has grown from Car Phone Store in Wethersfield After hitting high marks expanding south and east, Middletown franchiser Wireless Zone wants to take its brand national, especially as its products gain further recognition. Founded in 1988 as the Car Phone Store in Wethersfield, the franchise has grown by leaps and bounds […]
By DEALBOOK BJ’s Wholesale Club said on Thursday that it had decided “to explore and evaluate strategic alternatives, including a possible sale of the company.” That only confirms what the market has known for months: that there is an auction going on for the retailer. BJ’s has hired Morgan Stanley to run the sales process. […]
According to Bloomberg, Big Lots Inc. (BIG – Analyst Report), the largest broad-line closeout retailer, is looking for strategic choices which might include the sale of the company. Big Lots, which competes with Target Corporation (TGT – Analyst Report) and Wal-Mart Stores Inc. (WMT – Analyst Report), has hired Goldman Sachs to guide on the […]
Urban Outfitters will spend up to $80 million and hire 1,000 employees as part of an expansion of its headquarters at the Philadelphia Navy Yard, company and public officials said Wednesday. In the first phase, the retailer, which sells trendy apparel and home decor, will spend $30 million to acquire and redevelop two buildings, including […]
Forget the Revolution. Long live Roma! News outlets in Italy are reporting that a group of investors with Boston ties is negotiating to buy the AS Roma soccer team. Thomas R. Di Benedetto, president of investment management firm Boston International Group and a partner at New England Sports Ventures, is reportedly the lead investor in […]
Today, Hooters of America, Inc. “HOA” announced the completion of a transaction which transfers ownership of the company from the estate of Robert H. Brooks who passed in 2006 into the hands of a consortium of private investors, including Chanticleer Holdings, Inc. (OTC Bulletin Board: CCLR) “Chanticleer”. Simultaneous with this transaction the investor group will […]
Consolidation of two commercial properties has allowed purchasers of a Minnesota shopping center to fend against a challenge by one of the center’s tenants. The shopping center is Birch Run Station in suburban St. Paul, and the challenge by the tenant—Jo-Ann Stores, Inc.—came not long after the center changed hands. The previous owner of the […]
4th Quarter 2010: Boston’s Ravenous Appetite Devours Retail Vacancies With Bostonians eating out more frequently and spending more on luxury items, seasoned restaurateurs have taken the proverbial “bull by the horns” and led the charge, absorbing dozens of retail spaces by both expanded existing spaces and having opened new concepts. Led by Boston’s entrepreneurial restaurateurs, […]
Facing identical store sales of a negative 4.9% in its third quarter, grocery store owner operator SuperValu Inc. is planning to cut costs including layoffs and closures and/or the sale of some of its store brands in the Northeast U.S. As a group, SuperValu’s Northeast banners pulled down corporate-wide store sales by more than 150 […]
