retail news in context, analysis with attitude

• The Wall Street Journal reports that Buffalo Wild Wings has agreed to be purchased by Arby’s Restaurant Group, “taking the restaurant chain private for $2.44 billion in cash.” Arby’s is controlled by Roark Capital Group.

The story notes that Buffalo Wild Wings now operates more than 1,200 locations worldwide, but “has recently been hurt by rising chicken prices and slumping traffic in its restaurants.”

• The New York Times had an interesting analysis the other day, reporting that Macy’s real estate holdings are worth more than its market value. Its “vast network of more than 600 stores across the country” has “an estimated value of $16 billion,” far more than the company’s market value of $6.4 billion.

The story notes that some analysts have concluded that Macy’s ought to shrink its store sizes, and develop some of its spaces for other uses.
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