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This private equity giant is sticking with retail

At a time when most private equity firms are growing increasingly cautious about investing in retail, one firm is going against the grain.   Sycamore Partners is raising its biggest-ever fund, which it will use to invest primarily in retail, CNBC reported. The firm is looking to raise between $3 billion and $4 billion, according to the report.    The news comes a month after Sycamore closed on its $6.9 billion acquisition of Staples, which it is splitting into three parts

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Costco ends year on an upbeat note

Marianne Wilson Costco Wholesale Club reported better-than-expected profit and revenue for its fourth quarter.   read more






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Small retailer with devoted fans is closing its doors

Marianne Wilson A New England-based retailer that has the distinction of being the first curtain catalog company is closing up shop.    read more






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Amazon gets bill for back taxes

Marianne Wilson The European Union has hit Amazon with a tax bill.    read more






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Office Depot makes $1 billion acquisition

Marianne Wilson Office Depot took a first step toward its goal of transforming itself from a traditional office products retailer to a broader business services and technology products platform.   read more






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Ace Hardware acquires e-commerce startup

Ken Clark Ace Hardware Corp. has solidified its relationship with The Grommet.   read more






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NRF: Holiday sales to increase 3.6% to 4%

Marianne Wilson One of the most closely watched holiday forecasts has good news for retailers.   read more






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Walmart ups same-day delivery capabilities with Big Apple acquisition

Marianne Wilson Walmart is determined not to be bested by Amazon when it comes to same-day delivery.   read more






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Department store retailer’s attempt to go private stalls

Nordstrom may not be going private anytime soon.   read more






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Blockbuster retail deal in Canada

Michael Johnsen One of the largest grocers in Canada has just expanded its presence in the drugstore business.    read more






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