• The Milwaukee Business Journal reports that Meijer plans to open 10 to 12 stores a year over the next few years, with a lot of that expansion concentrated in Wisconsin.
CEO Hank Meijer told a recent Milwaukee Business Journal Power Breakfast audience that there will be eight built in the Milwaukee area just in the next two years. And the expectation is that a fast Meijer expansion in the state will heighten the competitive situation there as the company goes "head-to-head with longtime dominant player Roundy’s Inc., along with Sendik’s Food Markets, Woodman Food Markets and general merchandise national players Target and Walmart."
• Men's Wearhouse said yesterday that it will acquire Jos. A. Bank for $1.8 billion, ending a six-month series of bids and counterbids as the two companies tried to get the best of each other.
No branding or strategic changes are expected at either company once the deal is complete.
There is, however, one casualty: Jos. A. Bank's planned acquisition of Eddie Bauer, seen as one way of discouraging Men's Wearhouse, has now been terminated as a result of the deal.
• USA Today reports that Green Mountain Coffee Roasters has officially changed its name to Keurig Green Mountain, acknowledging that the new name reflects the reality that single-serve coffee makers have become an enormous part of its business.
CEO Hank Meijer told a recent Milwaukee Business Journal Power Breakfast audience that there will be eight built in the Milwaukee area just in the next two years. And the expectation is that a fast Meijer expansion in the state will heighten the competitive situation there as the company goes "head-to-head with longtime dominant player Roundy’s Inc., along with Sendik’s Food Markets, Woodman Food Markets and general merchandise national players Target and Walmart."
• Men's Wearhouse said yesterday that it will acquire Jos. A. Bank for $1.8 billion, ending a six-month series of bids and counterbids as the two companies tried to get the best of each other.
No branding or strategic changes are expected at either company once the deal is complete.
There is, however, one casualty: Jos. A. Bank's planned acquisition of Eddie Bauer, seen as one way of discouraging Men's Wearhouse, has now been terminated as a result of the deal.
• USA Today reports that Green Mountain Coffee Roasters has officially changed its name to Keurig Green Mountain, acknowledging that the new name reflects the reality that single-serve coffee makers have become an enormous part of its business.
- KC's View:
