Oracle Buys ProfitLogic
Redwood City, Calif., Oracle, which acquired Retek earlier this year, has added to its retail technology portfolio once again with an agreement to acquire Cambridge, Mass.-based pricing solutions provider ProfitLogic. Terms of the deal were not disclosed.
Organized Living to Dispose Leases
Great Neck, N.Y., Keen Realty has been retained to market and dispose of Organized Living’s retail leasehold interests throughout the United States. The storage-and-organization products retailer filed for Chapter 11 bankruptcy protection eight weeks ago.
Sites to be disposed of range from 17,000 sq. ft. to 26,000 sq. ft., mostly in shopping centers. Keen’s marketing efforts will culminate in an auction on July 25, with a deadline of July 21 for bid submission.
Wal-Mart Expands in Brazil
Sao Paulo, Brazil, Wal-Mart Stores, Brazil’s third-largest supermarket chain, opened its second supercenter in Sao Paulo in the last 12 months.. In all, the chain operates eight supercenters in Sao Paulo, the nation’s largest city, and 16 in the larger metropolitan area.