We were just wondering about Toys "R" Us the other day, when we randomly came across this article. The toy chain is apparently in a push to open 70,000-sf superstores around the country to combat the toy departments of Wal-Mart and other discounters. These concepts combine both the Toys and Babies "R"...
The Wall Street Journal has a report that Barnes & Noble's management isn't interested in acquiring Borders Group, which put itself up for sale in March. The Journal article says that there are bound to be a bunch of bitter investors who bought up Borders stock in anticipation of such an acquisition....
In one of the larger retail acquisitions we've seen for a while, CVS is buying Longs Drugs for $2.9 billion, adding over 500 stores to its 6,300-unit portfolio. What intrigues us about the deal is that CVS is pulling the trigger to beef up its store base on the West Coast. What? There is an area of the...
Well, they're saying the stimulus checks are all spent. Though we saw some boosts in July sales, particularly at discounters like Costco and Wal-Mart, apparel and department stores were both hammered by same-store sales plunges. We guess people were a little more interested in necessities than getting...
We had no idea (and could've been the last to know...excuse us) that Tim Brown, former star wide receiver for the Oakland Raiders and Notre Dame, has an investment-advice column. In this one, he talks up Starbucks as a stock pick, saying it "has great brand recognition and customer loyalty here in the...
We haven't followed Buca di Beppo for a while, so it came as a surprise when we saw that Planet Hollywood is buying the 88-restaurant Italian chain for $28.5 million including debt. We knew that Buca was having some troubled financial times - even before the economy started going way south - and always...
A recent New York Times article says that Whole Foods is trying to change its image to attract more shoppers searching for everyday items. Executives hope that Whole Paycheck, the nickname it has earned due to its high-priced items, will go away. It might be a tough battle. Says the article: "Told of...