PITTSBURGH-Apollo Management is selling the 4,800-store chain to a private-equity firm and a pension fund for $1.65 billion.

NEW YORK CITY-Luxury department stores are still outperforming other sectors; retailer's same-store sales rose 3.7% as a whole.

RICHMOND, VA-The electronics retailer is closing seven domestic units and 62 stores north of the border as a result of gross-margin pressure.

ANAHEIM, CA-Pacific Sunwear plans to close 74 underperforming Demo stores, leaving the hip-hop chain with about 150 units.

CHEVY CHASE, MD-Mills' board is considering the $24-per-share offer proposed by Simon Property Group and Farallon Capital earlier this week.

CHEVY CHASE, MD-Mills' board is considering the $24-per-share offer proposed by Simon Property Group and Farallon Capital earlier this week.

CANTON, MA-Same-store sales declined 10% year over year as projection-television sales plummeted.

CHATTANOOGA, TN-CBL & Associates and Bain Capital are investing $60 million in a China-based retail-development firm.