Sears Holdings Corp will be halting the operations of its flagship store in Chicago in April in a bid to bring down the number of its outlets and rely more on online retail, Reuters reported.
India-based online baby and kids store FirstCry.com scored $15 million in a Series C funding round led by Vertex Venture Management to expand its online, offline, and mobile presence.
With a recovery in the IPO market propelling private equity backers to exit their investments, lenders are readying to list more UK retailers on the London bourse, the Financial Times reported.
Singapore-based private equity firm Nalanda Capital has increased its holding in Mumbai, India-based underwear manufacturer Lovable Lingerie Ltd to 8.79% in a deal valued at $3.25 million.
Wisconsin-based firm Salon Management Enterprises has acquired Fantastic Sams' seven hair grooming outlets in the Fox Cities and Green Bay region for an undisclosed sum, to be upgraded and re-branded to its NewStyle Salons brand.
Sources told The Wall Street Journal that private equity-owned discount retailer Dots LLC is readying itself to file for bankruptcy as the company struggles from the competition given by flash sites.
Shareholders were asked by the Jos. A. Bank Clothier's Inc board to refuse a hostile bid amounting to $1.61 billion from Men's Wearhouse, Reuters reported.
Dallas-based Neiman Marcus Group Ltd was given two weeks by Florida Attorney General Pam Bondi to answer questions about the cyber breach that happened during the holiday rush, Bloomberg reported.
Rhode Island, US-based startup Teespring has raised $20 million in its first round of funding led by Andreessen Horowitz to sell custom and pre-ordered T-shirts for a cause.
To help it restructure its debt, retailer Brookstone Co has hired a financial adviser Jefferies Group and law firm K&L Gates, according to sources interviewed by Bloomberg.
New York, US-based clothes retailer Aeropostale Inc contacted private equity groups amid pressure from investors to sell itself, according to sources cited in a Bloomberg report.
Van Nuys, California-based apparel brand licensing firm Cherokee Inc acquired the Huntington Beach-based clothing brand of legendary skateboarder Tony Hawk in a deal valued at $19 million in cash.
Chicago-based daily deals firm Groupon purchased New York-based flash fashion site Ideeli in a deal valued at $43 million in cash in a bid to compete with Amazon and other retail businesses.
Sports Direct, the biggest sporting goods seller in the UK, picked up a 4.6% stake in London-based multinational retail chain Debenhams for an undisclosed sum.
Private equity-owned luxury retailer Neiman Marcus Group Inc said a cyber breach in the middle of December may have compromised some of its customer cards, Bloomberg reported.
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