Hunters of Zombie Retailers Chase Acquisition Deals

Making money in retail these days can seem as difficult as rocket science.

So it helps that Alex Mehr, one of the new owners of brands such as Modell’s Sporting Goods, Pier 1 Imports and Dressbarn, is a former National Aeronautics and Space Administration scientist.

Retail Ecommerce Ventures LLC, founded last year by Mr. Mehr and fellow entrepreneur…