A just-released report from the Wall Street Journal said that Best Buy founder Richard Schulze, who resigned his chairman of the board seat earlier this month, may be looking into buying out the company.
Citi Trends said that its president and CEO David Alexander has resigned the company, effective immediately, and will be replaced by prior CEO Ed Anderson, who led the retailer from 2001 to 2009.
LandMark Retail Group, a subsidiary of NewMark Merrill Cos., has partnered with Accubranch, a strategic planning and market research group that specializes in providing real estate advice to the regional banking industry.
Gap has entered into a new $500 million revolving credit facility with a syndicate of banks led by BofA Merrill Lynch, J.P. Morgan and Citigroup Global Markets.