Monday, May 21, 2012

Industry News: Decelerating

Cumberland Farms will sell 18 convenience stores and two retail development sites. The properties are located in a mix of urban and suburban markets in Massachusetts, New York, Rhode Island, Maine, Connecticut, New Hampshire, Pennsylvania, and Vermont...Wolverine Worldwide Inc. has partnered with equity firms Blum Capital Partners and Golden Gate Capital to acquire Payless ShoeSource parent Collective Brands Inc. for $1.3 billion. Wolverine, parent of Merrell and Hush Puppies, will buy Collective's unit that owns Keds, Saucony and Stride Rite...OfficeMax Inc. plans to close as many as 35 US stores this year, and open one or two others.

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