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retaildive | March 26, 2019
Sycamore Partners, which bought Staples in 2017, is eyeing a recapitalization plan that would load the office supplies retailer with roughly $1 billion in additional debt, people with knowledge of the plan told Bloomberg.Such a deal would allow the private equity firm to regain about two-thirds of the $1.6 billion it put up to take Staples private, leaving about $600 million of equity in the business, according to Bloomberg. Over the next year, Sycamore could exit the investment through an initi...
Staples | June 15, 2020
To provide parents, teachers, owners of small companies and telecommuters with an additional avenue to shop, Staples US Retail teamed with Instacart to roll out same-day delivery from over 1,000 U.S. stores. The tie-up lets customers choose between an array of products such as back-to-school products and home office items as well as personal protective equipment (PPE) and cleaning supplies, according to an announcement. Instacart Vice President of Retail Chris Rogers said in the announcement, &l...
fxstreet | January 16, 2020
Thursday's US economic docket highlights the release of monthly retail sales figures, scheduled at 13:30 GMT. Consensus estimates point to modest growth of 0.3% for December as compared to the previous month's 0.2% increase. Sales excluding automobiles (core retail sales) are seen rising by 0.5% during the reported month as against a dismal 0.1% growth recorded in November. Meanwhile, the closely watched Retail Sales Control Group is expected to rise by 0.4% following a 0.1% increase in ...
businesswire | January 15, 2020
VTS, the commercial real estate industry’s leading leasing and asset management platform, today announced VTS Retail the industry’s only leasing platform designed specifically for the retail sector solving major issues retail landlords have in their leasing process. Unlike any existing offering for retail landlords, VTS Retail transforms the leasing process by enabling retail landlords to significantly reduce the time from prospect to tenant move-in and proactively manage shopping ce...
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