The report below gives a good overview of the fourth quarter M&A activity in the Consumer and Retail Industry Sector. M&A activity for North American based target companies in the Retail and Consumer sector for Q3 2017 included 93 closed deals, according to data published by industry data tracker FactSet.
E-commerce is continuing to dominate retail and e-commerce solutions have been a big spark for M&A. In September Pitney Bowes, Inc. acquired Newgistics Inc., a portfolio company of Littlejohn & Co LLC, for US$475 million in cash. Newgistics, Inc. provides e-commerce services to retailers. It offers end-to-end e-commerce solutions that integrate every step in the order life cycle from customer acquisition through fulfillment, delivery and returns.
- Total US consumer spending, an indicator of nonstore retail sales rose 1.6%, primarily from services expenditures, in September 2017 compared to the same month in 2016.
- US retail sales for nonstore retailers, a measure of demand, increased 10.1% in the first ten months of 2017 compared to the same period in 2016.
Posted by Joe Sands.