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The potential merger of Lew’s retail interests after the decision to spin off the growth brands, Smiggle and Peter Alexander, into new listed entities cleans up his investments. The problem with spinning off those two well performed retailchains was that it left Lew and Premier Retail’s less dynamic apparel brands stranded.
Earlier this month, several members of the Nordstrom family, including the company’s CEO Erik Nordstrom and president Pete Nordstrom, offered to acquire the legacy departmentstorechain for US$3.8 billion in partnership with Mexican retail company El Puerto de Liverpool. Today it is valued at just US$3.7
The booming retail business Aside from the retail properties, SM Investments also has a separate retail arm consisting of about 3850 departmentstores, supermarkets, hypermarkets and specialty stores. Same-store sales have been increasing at a rate above 6 per cent and twice that at its 74 departmentstores.
Additionally, exhibitors can leverage the show’s reputation and targeted audience with a variety of different buyers such as: Departmentstores Regional retailchains Wholesale distributors E-commerce Farm and fleet stores Mutli-unit independent garden centers and more!
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