Wednesday, January 16, 2013

Industry News: Accelerating

The TJX Cos. has acquired Sierra Trading Post, an online retailer, for $200 million in cash. As part of this transaction, TJX acquired Sierra’s office, fulfillment center and photography studios in Cheyenne, WY, and its four outlet stores in Idaho, Nevada and Wyoming...Gap Inc. has acquired women’s apparel retailer Intermix Holdco. Intermix operates 32 stores and an e-commerce site with a mix of luxury brands including merchandise from up-and-coming designers. Intermix’s senior team will continue to operate the business from New York…Polaroid will launch a new experiential retail concept called Polaroid Fotobar, opening at least 10 locations in 2013. The stores are designed to allow consumers to take images from digital devices and easily turn them into museum-quality art. The format will debut in February, in a 2,000 s/f Florida store l...TC Global Inc., which operates  47 company-owned and 12 franchised Tully's Coffee stores, has sold its assets to Global Baristas in a private auction which included bidders Starbucks Coffee and Baristas Coffee. Tully's filed for protection under Chapter 11 in October, closing 19 unprofitable stores…Leslie's Poolmart Inc. purchased two dozen Warehouse Pool Supplies locations. Leslie's runs 770 retail and commercial service stores across the US...Uniqlo continues its US expansion by opening two mall locations, at Palisades Center in West Nyack, NY, and Ridge Hill in Yonkers, NY. Both stores will open in spring 2013. The clothing and accessories retailer currently operates 5 US stores, 3 in New York City, 1 in San Francisco and 1 in Paramus, NJ…During its last fiscal year, which ended April 2012, QuikTrip Corp. added 46 stores and it plans to add more. The convenience retailer is currently in 11 states and operates 639 stores. 15 stores are currently under construction in the Carolinas. The chain plans to have them all open by April...Orange Leaf frozen yogurt opened its first store in Manhattan.  Orange Leaf has more than 200 locations nationwide.

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