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Sycamore Partners acquiring Staples for $6.9 billion

Sycamore's assets include Talbots, Coldwater Creek, Hot Topic and Nine West.

Staples plans to close another 70 stores

Total company sales fell 2.8 percent and total comparable store sales were down 7 percent for fiscal 2016.

Office supply retailers agree to $1.2B merger

Office Depot Inc. announced that it would acquire OfficeMax Inc. for $1.17 billion in stock as the two retailers seek to gain ground on Staples Inc., the nation's largest office supplies chain.

Gold coastal property

KenCast is relocating to Norwalk, and other real estate moves in Fairfield County.

In brief

News and notes from around Fairfield County and Connecticut.