Topeka, Kan. — Payless ShoeSource has filed for Chapter 11 bankruptcy and announced plans to immediately close nearly 400 underperforming stores.
Grand Rapids, Mich. — A&G Realty Partners has been tapped to manage the sale of 58 MC Sports leases in seven states across the Midwest following the Grand Rapids-based retailer’s Chapter 11 bankruptcy filing on February 14.
St. Paul, Minn. — Gander Mountain Co. and its subsidiaries have filed for Chapter 11 bankruptcy protection.
Fargo, N.D. — Vanity Shop of Grand Forks Inc. is closing all 137 of its Vanity stores in 27 states.
Atlanta — Restaurant Brands International Inc. (RBI) (NYSE: QSR) has agreed to acquire Atlanta-based Popeyes Louisiana Kitchen Inc. (NASDAQ: PLKI) for $1.8 billion.
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has promoted Katie Reinsmidt to the position of CIO.
Oak Brook, Ill. — Samantha Spinell Schnell has joined IRC Retail Centers as director of leasing.
Columbus, Ohio — Limited Stores LLC, parent company of women’s fashion apparel retailer The Limited, has filed for Chapter 11 bankruptcy protection.
Deerfield, Ill. and Camp Hill, Pa. — Walgreens Boots Alliance (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) have agreed to sell 865 Rite Aid stores and some assets related to store operations to Fred’s (NASDAQ: FRED) for $950 million in an all-cash transaction.
Chicago — Chicago-based GGP has promoted Shobi Khan to president and COO.