G.I. Joe’s Gets New Investment Partner
Wilsonville, Ore., G.I. Joe’s Sports & Auto Stores has completed an $11.5-million investment agreement with Nogales Investors, a Los Angeles-based private equity firm. The specialty retailer says it will use the bulk of the funding to open new stores and to acquire new locations in the Northwest.
HSN Division Acquires Direct Merchant
St. Petersburg, Fla., HSN Improvements, a direct marketing subsidiary of TV and Web retailer HSN, is spending an undisclosed sum to acquire direct merchant Alsto, a catalog and Web retailer. Alsto, owned by Dick Blick Holdings, sells outdoor decor and furnishings.
Nordstrom Names Board Member
Seattle, Nordstrom, Inc. has elected Phyllis Campbell, chief executive and president of The Seattle Foundation, to its board of directors. From 1993 until 2001, she served as president of U.S. Bank of Washington. Campbell also serves on several corporate and nonprofit boards, including Safeco, Alaska Air Group and Seattle University.