Read All About It: Store Performance
New York City, Bridging the gap between strategy and execution is a challenge for any organization. It’s especially challenging for retailers.
In an article titled “Moving Retail to the Next Level: Consistent Store Performance Management,” StorePerform president and CEO Srikant Vasan talks about rising to the challenge.
“While every retailer has stores that outperform the pack, until now, retailers have lacked the tools to leverage these best practices and attain consistent performance in all stores,” Vasan writes.
For the complete article, click on “Guest Commentaries” above.
Toys “R” Us Sold for $5.7 Billion
Wayne, N.J., Add another billion-dollar retail transaction to the history books. Toys “R” Us, the original category killer, agreed to be bought by a consortium of two different private equity firms and Vornado Realty Trust. The trio, which will be equal partners in the deal, agreed to pay $5.7 billion for the toy chain. The investors, Vornado, Kohlberg Kravis Roberts, and Bain Capital Partners, agreed to pay $5.7 billion for the toy stores as well as the Babies “R” Us stores. The chain had originally hoped to split the two business, and focus on the faster-growing Babies.
The deal once again brings attention to the valuable real estate holdings at some struggling retailers. While Toys “R” Us has been steadily losing the market-share battle to Wal-Mart over the years, its leases are increasingly valuable. According to reports, the trio of new owners will continue to operate Toys “R” Us as a toy chain for the foreseeable future. Reports also indicate that Toys “R” Us president John Barbour will stay on board.