Monday, October 1, 2018

Decelerating News

A total of 82 former Toys “R” Us and Babies “R” Us stores and other real estate assets will be auctioned this month. The auction will include 52 ground-leased properties, 29 building leases and one parking lot lease, including Toys “R” Us and Babies “R” Us, as well as side-by-side or combined stores...Henri Bendel is shutting all 23 Bendel’s stores nationwide, including its landmark flagship at 714 Fifth Avenue, after 123 years. The closing was announced by its parent company L Brands, which also owns Victoria’s Secret and Bath & Body Works...Supervalu Inc. has agreed to sell 19 of its 36 Shop ‘n Save grocery stores to Schnuck Markets Inc. 15 of the 19 stores have pharmacies, which will also be purchased by Schnucks. The pharmacies will remain open under the Schnucks banner. Schnucks is additionally acquiring 4 of Shop ‘n Save’s 7 fuel centers. Supervalu operates 3,495 wholesale primary stores and 111 grocery stores under three banners. Schnucks operates 99 stores in the Midwest... Del Frisco’s Restaurant Group Inc. is selling all 14 locations of the Sullivan’s Steakhouse chain to Romano’s Macaroni Grill for $32 million. The deal is expected to close by Sept. 30. Macaroni Grill operates 85 company-owned restaurants in 22 states and 23 franchise locations globally.

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