Industry News

Target Corp. is cutting ties with one of the world's biggest textile manufacturers after it discovered that the company passed off sheets as being made from Egyptian cotton when they were not. The Minneapolis-based retailer said Friday that it is terminating its relationship with India-based Welspun Global Brands after an "extensive investigation" confirmed the deception. It has already pulled the products from its store shelves."/>
Target cuts ties with vendor for deceptively selling Egyptian cotton sheets [Star Tribune (Minneapolis)]
Macy's stores in the Sarasota and Bradenton counties may not be at strong risk for closing as part of the retailer's plans to close about 14 percent of its stores, according to a report. The report from Morningstar Credit Ratings, which follows an announcement last week that Macy's intends to close 100 stores, identifies 28 locations with a higher probability of closing, based on below-average tenant sales. The chain has 728 stores."/>
Southwest Florida not listed as high risk for Macy's closures [Sarasota Herald-Tribune, Fla.]
McDonald's at the corner of North Tucker Avenue and East Main Street."/>
1st Carl's Jr. in San Juan County opens Sunday [The Daily Times, Farmington, N.M.]
Microsoft's efforts to fight cybercrime, counterfeiting and fraud. "It's not just a server room issue."/>
Corporate directors focusing on cybersecurity [The San Diego Union-Tribune]
Johnson Controls today announced that Adient, the automotive seating and interiors business that it plans to spin-off on October 31, 2016, has successfully closed the offering of $900 million aggregate principal amount of 4.875% dollar-denominated senior unsecured notes due 2026 and €1 billion aggregate principal amount of 3.50% euro-denominated senior unsecured notes due 2024, in a private offering exempt from the registration..."/>
Adient Announces Closing of Approximately $2.0 Billion Private Placement of USD and EUR Senior Notes
M and A Navigator: Deal pipeline –19 August
Dollar General has opened new stores at 2891 Spring Road in Middlesex Township and at 540 Shermans Valley Road in Centre Township, Perry County. Dollar General offers a variety of items including food, housewares, seasonal items, cleaning supplies, apparel, and health and beauty products."/>
BRIEF: Dollar General opens new stores in Cumberland and Perry counties [The Patriot-News, Harrisburg, Pa.]
Dick's Sporting Goods has acquired California, US-based sports management technology company Affinity Sports, the company said. Affinity Sports will provide key services to various youth sports National Governing Bodies and large-scale organizations under the Dick's Team Sports HQ platform. Dick's Team Sports HQ launched in January of 2016 and provides an all-in-one platform that offers youth sports..."/>
Dick's Sporting Goods Acquires California Sports Management Technology Firm Affinity Sports

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