Industry News

Macy's said Thursday that it plans to close about 100 stores next year and boost online investments as the nation's largest department store chain tries to become more nimble in an increasingly fierce retail market. The closures represent nearly 15 percent of the stores under the Macy's brand. Officials did not say which locations would be affected."/>
Macy's to close about 100 stores, could include some in Maryland [The Baltimore Sun]
Atlas Air Worldwide flew for the e-commerce giant Amazon landed at Wilmington Air Park Wednesday, cementing what appears to be a growing relationship between the e-commerce giant and Southwest Ohio. It was the inaugural flight of the first of 20 B767-300 converted freighters provided to Amazon to support the expansion of Amazon's e-commerce air cargo network, Atlas said in a statement Thursday. Now two air carriers with ties to Wilmington--..."/>
Amazon One lands first flight in Wilmington [Dayton Daily News, Ohio]
Tupperware Brands has sold its new Kissimmee shopping center on West Osceola Parkway. The Hampshire Companies, a New Jersey real estate firm, announced the deal Thursday, buying it on behalf of a foreign investor from developer Tupperware and O'Connor Capital Partners. The selling price or name of the new buyer were not announced."/>
BRIEF: Crosslands shopping center in Kissimmee sold to foreign investor [Orlando Sentinel]
Comcast to move faster in boosting internet speed."/>
Google pushes rivals to offer high-speed internet service [East Bay Times]
Macy's annoucning cuts of more than 4,000.. Thursday offered a bit of cheer amid that gloom, with..."/>
Nordstrom profit not as bad as expected, lifting investor hopes [The Seattle Times]
Macy's announced plans Thursday to close about 100 stores nationwide as it struggles to define itself amid changing shopping patterns, but a retail analyst who follows the Valley predicts the chain's 40- year anchor at The Lehigh Valley Mall likely will be spared in the consolidation. The closures represent close to 14 percent of the chain's 728 stores nationwide. It follows Macy's move to shutter 40 stores in the spring and comes as the company..."/>
Will Lehigh Valley Mall Macy's survive closure threat? [The Morning Call (Allentown, Pa.)]
Macy's said Thursday that it will close about 100 stores early next year, as it also continues to "analyze possibilities" for flagship locations that include the one along Nicollet Mall in downtown Minneapolis. As the nation's largest department store chain fights to keep up in a fast-changing retail landscape, it has been under pressure to shed weak locations and invest in online channels and stores that are doing better. Whether it will close any of its seven stores in the..."/>
Macy's to close 100 stores, still talking about Minneapolis remake plan [Star Tribune (Minneapolis)]
Macy's department store at Fairfield's Solano Town Center learned Thursday that their employment future is in limbo, after company officials announced plans to close 100 of its stores, a worker there said. Macy's officials announced Thursday that the store is' shifting its focus to its e-commerce and digital strategy as it tries to become' America's preferred omnichannel shopping destination.' ". In it's announcement, no specific stores earmarked for..."/>
Solano Town Center Macy's employees hope store survives 100 closures [Times-Herald, Vallejo, Calif.]
Macy's plans to close 100 unprofitable stores and aggressively pursue online shoppers, the company announced Thursday. Macy's has regularly cut back on stores-- including closings announced in January-- after the end of the holiday season. However, the announcement Thursday suggests it's more aggressively boosting its digital business."/>
Macy's To Close 100 Stores Nationwide [The Hartford Courant]
Maruti Suzuki India Ltd, marking a turning point in India's attempts to tap its vast network of waterways considered economical and environment friendly to move goods and cut dependence on road and rail. Giri is owned by the Inland..."/>
Maruti Suzuki to ferry cars via waterways [Mint, New Delhi]
Macy's says it will close 100 stores. *A decision on which stores will close has not been made. *Macy's has stores in Eatontown, Freehold Township and Toms River."/>
Macy's store closings: Big impact in NJ? [Asbury Park Press, N.J.]
Macy's plans to close about 100 stores next year, and retail experts anticipate at least one of the chain's four Southwest Florida stores could be on the chopping block. The news of the closures came Thursday following reports that second-quarter profits and sales fell. Macy's-- which locally has stores at Westfield Southgate, Westfield Sarasota Square, the Mall at University Town Center and Port Charlotte Town Center-- hasn't released which stores will shut their doors."/>
Macy's to close 100 stores [Sarasota Herald-Tribune, Fla.]
Microsoft said Thursday it has acquired Beam, a Seattle startup that builds video-game streaming tools. The companies didn't disclose the purchase price. On its website, Beam lists 15 employees."/>
Microsoft buys Seattle video-game streaming startup for Xbox Live [The Seattle Times]
Macy's employees say they don't have a list, so they can't check it twice. The company responded to inquiries Thursday afternoon after its 8 a.m. announcement that 100 of its stores would close in 2017. Customers who wanted to find out if their store would be closed were left wondering, because Macy's did not identify what locations it would shut down."/>
Macy's spokeswoman addresses State College location [Centre Daily Times (State College, Pa.)]
Francesca's store and Fusian sushi restaurant will open in the near future. These two additions join several new retailers that are opening including the market's first Lovesick location, CozyMelts, Dippin' Dots and 1st and Goal."/>
New store, restaurant to open at Beavercreek mall [Dayton Daily News, Ohio]
Atlas Air Worldwide flew for the e-commerce giant Amazon landed at Wilmington Air Park Wednesday, cementing what appears to be a growing relationship between Amazon and Southwestern Ohio. It was the inaugural flight of the first of 20 B767-300 converted freighters provided to Amazon to support the expansion of Amazon's e-commerce air cargo network, Atlas said in a statement Thursday. Now two air carriers with ties to Wilmington-- Atlas and..."/>
First Amazon 'Prime Air' flight lands at Wilmington airport [Dayton Daily News, Ohio]
NEXT GROUP CLOSES ACQUISITION OF US TELECOMMUNICATIONS MARKETING BRAND TEL3. Miami, Florida-based telecommunications company Next Group Holdings, Inc. has closed the acquisition of the US-based telecom marketing brand Tel3, together with the assets and client database of Tel3, from NXGH CEO Arik Maimon, the company said."/>
M and A Navigator: Deal pipeline –12 August
Sizmek Inc., stated today that he is in strong opposition to the sale of Sizmek to an affiliate of Vector Capital announced Wednesday August 3, 2016. Alex Meruelo, together with Meruelo Investment Partners LLC and Alex Meruelo Living Trust beneficially own approx. 13.8% of the Company's outstanding shares of Common Stock. As disclosed in the Meruelo Parties' Schedule 13 D/A filed on August 4,..."/>
Sizmek Inc. Largest Shareholder Alex Meruelo Opposes Sale To Vector Capital
Sizmek Inc. has agreed that an affiliate of California-based technology-focused private equity firm Vector Capital will acquire all outstanding shares of Sizmek common stock for USD3.90 per share in an all-cash tender offer, the company said. Vector Capital, founded in 1997, is a San Francisco-based private equity firm that partners with management teams to transform and grow technology businesses."/>
Vector Capital to Acquire Ad Manager Sizmek in 122m Deal

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