The ICSC Blog

June 30, 2011
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BJ’s to go private

Private-equity firms Leonard Green & Partners and CVC Capital Partners said they will acquire BJ’s Wholesale Club for $2.8 billion in cash. The deal, which remains subject to shareholder approval and is expected to close during the fourth quarter, would be the sixth-largest U.S. retail transaction since 2006, according to data provider Dealogic.   BJ’s…

June 30, 2011
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Discounter Aldi Opens First Enclosed Mall Store

In May, German discount grocer Aldi, which has been methodically opening new stores in company-owned, freestanding sites the United States for decades, did something it had never done before in this country. The company opened a new store in an enclosed shopping mall, the 833,000-square-foot Westfield Chicago Ridge in southwest suburban Chicago Ridge, Ill. "The…