Weekly Perl: A Commercial Real Estate News Recap
7-Eleven parent company appoints new CEO, plans US IPO
Stephen Dacus, current lead outside director of the board, will take over as the company evaluates a takeover bid from Alimentation Couche-Tard.
Retailer Ross Stores extends expansion push as off-price sellers shine
Ross Stores plans to keep pace with its 2024 expansion by opening 90 stores this year, including a batch this weekend, as the U.S. off-price retail sector maintains its appeal to budget-conscious shoppers and broadens its brick-and-mortar footprint.
Foot Locker swings to Q4 profit, comp growth; to refresh 300 stores in 2025
Foot Locker delivered fourth-quarter earnings and comparable sales that topped analysts forecasts but sales that fell short.
Walgreens reportedly close to being sold to private-equity firm in $10B deal
Sycamore Partners is finalizing a deal to acquire the 120-year-old retail pharmacy giant in a transaction valued at approximately $10 billion, reported The Wall Street Journal.
Shaquille O’Neal’s Big Chicken brand joins the Craveworthy Brands portfolio
The Genghis Grill and Taim Mediterranean Kitchen parent company has become a managing partner and investor in Shaq’s chicken brand.
Costco returns to pre-pandemic expansion mode with new Bay Area store
Costco, America's classic big box retailer, is set to open a new store in the suburbs of the San Francisco Bay Area as part of its ongoing expansion in the region.
Nordstrom doubles down on expansion of discount brand for future growth
Retailer Nordstrom is looking to capitalize on growing demand for its discount Rack store concept by opening 21 locations this year, nearly matching last year’s total.
