Content about Bain Capital

December 30, 2013

Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake of its business to Bain Capital for an undisclosed amount.

Manchester, Conn. — Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake of its business to Bain Capital for an undisclosed amount. Bob's management team will continue to own a "significant stake" after the deal and will remain involved in operations, according to the company, which has been majority owned by private equity firm KarpReilly/Apax for the past nine years.

December 30, 2013

Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake of its business to Bain Capital for an undisclosed amount.

Manchester, Conn. — Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake of its business to Bain Capital for an undisclosed amount. Bob's management team will continue to own a "significant stake" after the deal and will remain involved in operations, according to the company, which has been majority owned by private equity firm KarpReilly/Apax for the past nine years.

October 16, 2013

Back in March, Bloomberg ran a story headlined, “Private Equity’s $36 Billion Retail Bet Not Going So Well.” In a nutshell, this piece catalogued how investment firms like Bain Capital had poured large amounts of money into brick-and-mortar chains in the run-up to the recession, only to be met with lackluster results.

By Todd Maute, todd@cbx.com

October 16, 2013

Back in March, Bloomberg ran a story headlined, “Private Equity’s $36 Billion Retail Bet Not Going So Well.” In a nutshell, this piece catalogued how investment firms like Bain Capital had poured large amounts of money into brick-and-mortar chains in the run-up to the recession, only to be met with lackluster results.

By Todd Maute, todd@cbx.com

May 13, 2013

Toys "R" Us has appointed Antonio Urcelay, 61, the head of its European operations, as interim CEO, according to a filing the retailer made on Monday with the Securities and Exchange commission, The Record reported.

New York -- Toys "R" Us has appointed Antonio Urcelay, 61, the head of its European operations, as interim CEO, according to a filing the retailer made on Monday with the Securities and Exchange commission, The Record reported.

Urcelay replaces Gerald Storch, who announced in February that he would be stepping. At the time, Storch said he would remain as CEO during the transition. While his role as chief executive ended Sunday, he continues to serve as chairman of the board.

April 23, 2012

Burlington Coat Factory will open a flagship in Manhattan this fall.

Burlington, N.J. -- Burlington Coat Factory will open a flagship in Manhattan this fall. It will be the off-price retailer’s sixth location in New York City. The 92,000-sq.-ft., three-level store will be in a building managed by Vornado Real Estate, on the south end of Union Square.

The Union Square flagship is part of a broader plan by Burlington to open more than 20 new stores in 2012.
 

March 28, 2012

Staples announced the appointment of Willem Vos as director of e-commerce, Staples Europe.

Framingham, Mass. -- Staples announced the appointment of Willem Vos as director of e-commerce, Staples Europe.

Vos will report to Peter Howard, senior VP, head of Staples online and marketing, Staples Europe.

January 26, 2012

Staples announced the opening of a new e-commerce innovation center in Kendall Square in Cambridge, Mass.

Framingham, Mass. -- Staples announced the opening of a new e-commerce innovation center in Kendall Square in Cambridge, Mass. The office will house teams responsible for designing and implementing innovative new e-commerce solutions for the business customers who shop Staples websites and stores.

January 12, 2012

Staples said it has appointed Kirk Saville as VP global communications, charged with overseeing Staples’ internal and corporate communications, marketing, public relations, community relations and corporate events.

Framingham, Mass. -- Staples said Thursday it has appointed Kirk Saville as VP global communications, charged with overseeing Staples’ internal and corporate communications, marketing, public relations, community relations and corporate events.

Saville, who joins Staples from The Hershey Co. where he was VP corporate communications, will report to Steve Fund, Staples senior VP global marketing.
 

January 3, 2012

Brookstone announced that Jackson Tai, chairman of the board, will also serve as interim president in the wake of the resignation of Ron Boire, the chain’s president and CEO.

Merrimack, N.H. -- Brookstone announced that Jackson Tai, chairman of the board, will also serve as interim president  in the wake of the resignation of Ron Boire, the chain’s president and CEO. The company will undertake a search for a permanent successor for Boire, who resigned from Brookstone, effective Jan. 3, to join Sears Holdings Corp. as its new executive VP, chief merchandising officer and president, Sears and Kmart Formats.

December 15, 2011

Toys"R"Us announced that its stores nationwide will remain open for 112 uninterrupted hours beginning at 6am on Tuesday, Dec. 20 and continuing through 10 p.m. on Christmas Eve.

WAYNE, N.J. -- Toys"R"Us announced that its stores nationwide will remain open for 112 uninterrupted hours beginning at 6am on Tuesday, Dec. 20 and continuing through 10 p.m. on Christmas Eve.

In conjunction with continuous shopping during the last few days leading up to Christmas, Toys"R"Us will hold a two-day sale from Tuesday, Dec. 20 to Wednesday, Dec. 21.

November 15, 2011

Staples Inc. reported that profit for the third quarter climbed 13% to $326.4 million, from $288.7 million a year earlier. Earnings met Wall Street expectations.

Framingham, Mass. -- Staples Inc. reported Tuesday that profit for the third quarter climbed 13% to $326.4 million, from $288.7 million a year earlier. Earnings met Wall Street expectations.

Revenue rose 1% to $6.57 billion from $6.54 billion, missing analysts’ expected $6.71 billion. North American retail unit revenue was flat at $2.7 billion, with same-store sales down 1%. International revenue slid 7% on a local currency basis to $1.3 billion, leading the retailer to adjust its full-year forecast downward.

November 7, 2011

Mobile commerce enabler Firethorn Mobile Inc., a wholly owned subsidiary of Qualcomm Inc., and Brookstone announced Brookstone as its latest retail partner for its Swagg mobile application, which provides shoppers with mobile access to purchase digital gift cards.

Atlanta -- Mobile commerce enabler Firethorn Mobile Inc., a wholly owned subsidiary of Qualcomm Inc., and Brookstone announced Brookstone as its latest retail partner for its Swagg mobile application, which provides shoppers with mobile access to purchase digital gift cards. Mobile shoppers also can receive special offers and manage customer loyalty programs through the app. 

October 28, 2011

Toys "R" Us holiday plans mix technology — QR — codes and retro ads that speak to the company’s heritage.

Wayne, N.J. -- Toys "R" Us holiday plans mix technology — QR — codes and retro ads that speak to the company’s heritage.

As part of its 2011 holiday advertising campaign, the chain will air a series of themed television commercials designed to showcase the company's toy expertise and its strengths as a specialty retailer. The commercials include two ads from its archives which celebrate the heritage of the brand. Another group of ads feature products exclusive to Toys “R” Us.

September 21, 2011

Domino's Pizza announced that at after just three months since its launch, the new Domino's App for iPhone and iPod touch has achieved $1 million in sales over a single week.

Ann Arbor, Mich. -- Domino's Pizza announced that at after just three months since its launch, the new Domino's App for iPhone and iPod touch has achieved $1 million in sales over a single week.

The app, offering customers the ability to order from almost all of Domino's nearly 5,000 U.S. locations with no login required, is well-received by consumers and fans.

August 24, 2011

X Team International, an international alliance of retail real estate advisors, said that Charlotte, N.C.-based partner The Chambers Group has completed a lease for the first small-format Burlington Coat Factory store in Charlotte.

Charlotte, N.C. -- X Team International, an international alliance of retail real estate advisors, said that Charlotte, N.C.-based partner The Chambers Group has completed a lease for the first small-format Burlington Coat Factory store in Charlotte.

Scheduled to open Oct. 1 at Woodlawn Marketplace, the smaller format store will be roughly 48,000 sq. ft. and joins T.J. Maxx and Family Dollar.
 

August 1, 2011

The reviews are coming in, and Domino’s Pizza is streaming them atop a billboard in one of the country’s busiest intersections: Manhattan’s Times Square.

Ann Arbor, Mich. -- The reviews are coming in, and Domino’s Pizza is streaming them atop a billboard in one of the country’s busiest intersections: Manhattan’s Times Square.

July 20, 2011

Staples announced the promotion of Christine Putur to chief information officer.

Framingham, Mass. -- Staples announced the promotion of Christine Putur to chief information officer. In her new role, Putur will have global responsibility for information technology strategy and execution.

Putur joined Staples in 1999, and has since held various leadership roles on the company’s e-commerce, technology strategy, program management and US Retail technology teams. She most recently served as senior VP information systems for the company’s North American Delivery businesses.
 

July 11, 2011

Dunkin’ Brands Group is seeking to raise as much as $460.6 million in its initial public offering, 15% more than the company planned in May, Bloomberg reported.

New York City -- Dunkin’ Brands Group is seeking to raise as much as $460.6 million in its initial public offering, 15% more than the company planned in May, Bloomberg reported.

Dunkin’ Brands is offering 22.3 million shares for $16 to $18 each, the chain said in a filing with the U.S. Securities and Exchange Commission today. The company may sell an additional 3.33 million shares, given sufficient demand.

June 23, 2011

Staples has revealed plans to shrink its overall store footprint and grow its break rooms as a means to lower costs and increase sales productivity.

Framingham, Mass. -- Staples has revealed plans to shrink its overall store footprint and grow its break rooms as a means to lower costs and increase sales productivity.

In a presentation to analysts at a Jefferies & Co. conference in New York City on Wednesday, Staples U.S. president Demos Pareros said new stores will be about 15,500 sq. ft. to 16,000 sq. ft., down from the current prototype of 18,000 sq. ft. and the 2000 prototype of 24,000 sq. ft.

June 2, 2011

Staples Europe announced Thursday that it has appointed Amee Chande to managing director UK retail & direct and Andrew Gabriel to director of technology and services European retail.

Framingham, Mass. -- Staples Europe announced Thursday that it has appointed Amee Chande to managing director UK retail & direct and Andrew Gabriel to director of technology and services European retail.

Chande will have overall responsibility for Staples retail and delivery businesses in the United Kingdom, a key market for the company. Chande joined Staples in 2009 as senior VP strategy, responsible for developing and driving the company’s growth agenda.

May 19, 2011

Big Lots has decided not to sell itself after bids from private equity firms came in below the company's expectations, according to The Wall Street Journal.

New York City -- Big Lots has decided not to sell itself after bids from private equity firms came in below the company's expectations, according to The Wall Street Journal.

The chain reportedly had received interest from several buyout firms earlier this year, following which it decided to explore a sale. Two groups of private-equity firms — Bain Capital and TPG Capital, and Thomas H. Lee Partners and Advent International — had put in final bids, but they were below Big Lots expectations, the report said.

May 18, 2011

Staples reported Wednesday that first-quarter profit rose 5% to $198.2 million, boosted by overseas strength and increased buying by small businesses in North America.

Framingham, Mass. -- Staples reported Wednesday that first-quarter profit rose 5% to $198.2 million, boosted by overseas strength and increased buying by small businesses in North America. Its results were softer than expected, and the company slashed its full-year earnings guidance and said it is scaling back on new store construction.

February 28, 2011

A New York Post report on Saturday said that Toys “R” Us is considering an initial public offering in April to raise around $800 million, although a final decision has not been reached.

Wayne, N.J. -- A New York Post report on Saturday said that Toys “R” Us is considering an initial public offering in April to raise around $800 million, although a final decision has not been reached.

The retailer shelved IPO plans in 2010; it has not commented on the latest report that IPO talks have resurfaced.

February 8, 2011

Multiple news sources reported late Monday that discounter Big Lots is exploring its options, including a potential sale. No reports have yet been confirmed by the retailer.

Columbus, Ohio -- Multiple news sources reported late Monday that discounter Big Lots is exploring its options, including a potential sale. No reports have yet been confirmed by the retailer.

According to Bloomberg, which cited an unnamed source, Big Lots is exploring a possible sale of the company after receiving interest from buyout firms. Big Lots has a total enterprise value of $2.6 billion, according to Capital IQ.