(Forbes) – Yesterday, CVS Health announced it will acquire Target’s 1,600 pharmacies and 80 clinics for $1.9 billion, with plans to operate them as in-store shops.
Last month, the Ascena Retail Group said it will buy Ann Taylor parent Ann Inc., making the owner of Lane Bryant one of the nation’s largest apparel retailers, amounting to an estimated $7.3 billion in sales and nearly 5,000 stores.
Meanwhile, Back in February, Macy’s revealed plans to buy beauty chain Bluemercury for $210 million.
And there’s more to come.
The retail landscape is poised for a spate of mergers and acquisitions, according to EY’s 12th Global Capital Confidence Barometer, a biannual survey of more than 1,600 executives in 54 countries, including the U.S.