Casual Male Buys Seven Big and Tall Locations
Canton, Mass. Casual Male Retail Group on Tuesday said it bought seven Big and Tall men’s stores in five states from privately held Dahle Management Corp.
Terms of the transaction were not disclosed. Jeff Unger, VP of investor relations for Casual Male, said the deal has already closed.
The stores are located near Salt Lake City; Billings, Mont.; Boise; Idaho; Phoenix; and Las Vegas. Casual Male, which operates Rochester Clothing stores in addition to its namesake chain, said the deal would expand its operations into 47 states, along with Canada and London.
Casual Male said it will keep the Dahle’s employees in the stores it is buying.
Dahle’s will remain the owner of the properties in question, and will become Casual Male’s landlord at the seven locations.
Casual Male will also acquire Dahle’s customer list from its Internet and catalog business, which will no longer be operated by Dahle’s.
The transaction is expected to contribute to Casual Male’s earnings in fiscal year 2009. The purchased stores, which have annual sales of about $5 million, will be converted to Casual Male XL brand stores by the holiday season, the company said.
Dahle’s will liquidate its eight other stores and close them by January, according to Casual Male. A representative for the Murray, Utah-based company could not be immediately reached early Tuesday.
Stop & Shop joins MyPyramid to promote healthy eating
QUINCY, Mass. Stop & Shop said it has joined the U.S. Department of Agriculture as part of “Partnering with MyPyramid: Corporate Challenge,” to encourage consumers to shop for healthy foods and live a healthy lifestyle.
“At Stop & Shop, we readily accept the challenge to help our customers live a healthy lifestyle because the supermarket plays an important role in providing healthful food choices, said consumer advisor, Andrea Astrachan. “Because millions of customers shop our stores weekly, we have a unique opportunity to share the core messages of MyPyramid right where purchasing decisions are made.”
The company will provide key messages to customers such as “Vary Your Veggies” and “Make Half Your Grains Whole, as well as encourage customers to use the new interactive tools on MyPyramid.gov such as the MyPyramid Menu Planner and MyPyramid to plan menus and track their daily intake.
Supervalu to eliminate some corporate jobs
MINNEAPOLIS Supervalu said it will eliminate more than 100 jobs at its corporate offices in Minneapolis and Boise over the next 12-18 months as it switches to a third-party provider for some of its financial services.
In a statement, Supervalu said the decision was made “after months of careful analysis as part of our ongoing efforts to improve operational efficiencies and enhance our competitiveness.” Supervalu did not identify the third party provider in its statement.