Content about United States

May 16, 2013
Kohl’s Q1 profit falls 5% but beats Street

Kohl's Corp. reported a 5% drop in first-quarter profit on weak sales fell due to unseasonably cold weather in large parts of the United States.

May 16, 2013
SDL Survey: Consumers expect same pricing, discounts and sales across channels

Sixty-nine percent of shoppers expect a brand’s online store, mobile app and physical store to offer same pricing, discounts and sales, according to a survey by SDL that looked at the mobile and social media habits of consumers in the United States, United Kingdom, Australia and Singapore.

May 13, 2013
Sembler names development VP

The Sembler Co. has promoted John Paul (J.P.) Guzzardo to the position of VP development, charging him with leading the Build to Suit department focused on ground-up development projects in the U.S.

May 10, 2013
Private equity firm TowerBrook Capital to acquire True Religion for $835 million

True Religion Apparel has entered into a definitive merger agreement with New York and London-based investment management firm TowerBrook Capital Partners, in a transaction valued at approximately $835 million.

May 7, 2013
Le Duff America Ignores the Slow Recovery

Chain Store Age asked Paul Carolan, chief development officer for Dallas-based Le Duff America, about the bakery-café company's aggressive growth plan in the United States.

The North American subsidiary of Paris-based Groupe Le Duff SA, Le Duff America now manages four brands in the United States: Bruegger's Bagels, la Madeleine Country French Café, Brioche Dorée and Mimi's Café, which was acquired in March.

May 7, 2013
Real Estate's 10 Under 40

In an era where brick-and-mortar retailers face increasing challenges from the Internet and a still slow recovery, they must rely on their real estate staff — particularly those under the age of 40 — more than ever before. These professionals, who bridge the "tried-and-true" methods of their mentors and the technology-driven next generation, are creating the stores, the shopping centers, the streets of today and tomorrow.

May 7, 2013
Wrap-up coverage of Chain Store Age's 49th annual SPECS
Store Development and Facilities

Store development and facilities professionals from some of the nation's biggest retail and restaurant chains gathered in Dallas to attend Chain Store Age's 49th annual SPECS Conference, at the Hilton Anatole Hotel. The event attracted professionals involved in the design, planning, and construction of stores and restaurants, along with those in facilities management.

May 3, 2013
Accenture: Retailers scale back global expansion

The world’s largest retailers have been scaling back their global expansion activities, particularly in Asia, and turning their attention inward by integrating operations and strengthening their store, Internet and mobile sales channels, according to a new report by Accenture.

May 2, 2013
Delhaize Group names Maura Smith general counsel

Global supermarket operator Delhaize Group, whose U.S. divisions include Food Lion and Hannaford Bros., has named Maura Smith as executive VP, general counsel and general secretary.

May 1, 2013
Getting Creative

Sometimes, to meet consumer demand you have to get creative. That’s what developer Centergy Retail, LLC, Dallas, did in the conceptualization of a hybrid power-lifestyle center in the heart of El Paso, Texas.

April 29, 2013
Report: Consumer spending rises more than expected

A report released Monday by the Commerce Dept. said that March consumer spending in the U.S. advanced more than forecast – rising 0.2% after a 0.7% increase in February.

April 26, 2013
George Soros takes 7.9% stake in J.C. Penney

Giving a much-needed boost to J.C. Penney Co., George Soros’ Soros Fund Management bought 17.4 million shares of the troubled retailer, according to a filing with the Securities and Exchange Commission.

April 24, 2013
Jones Group to close 170 stores, cut workforce

The Jones Group Inc. announced Monday that it will put into action a series of events designed to shore up profitability, the most significant of which includes shuttering 170 underperforming stores in the U.S. by mid-2014.

April 18, 2013
Howard Hughes Corp. taps RKF to lease South Street Seaport

Following unanimous approval in March by the New York City Council for the redevelopment of Pier 17, The Howard Hughes Corp. said it has named RKF as the exclusive consultant and leasing agent for the South Street Seaport.

April 8, 2013
Macy's, J.C. Penney back to court over Martha Stewart dispute

Macy’s and J.C. Penney are slated to be back in New York state court on Monday unless a last-minute settlement regarding Macy’s right – or not – to sell certain Martha Stewart products is reached.

April 8, 2013
Macy’s, Martha Stewart and J.C. Penney back in court

The fight over Martha Stewart resumed with both Macy's and J.C. Penney Co. back in a New York court on Monday.

March 29, 2013
CVS Caremark chief’s compensation leapt 44% last year

An SEC filing revealed that the total compensation for CVS Caremark Corp. CEO Larry Merlo jumped 44% last year to $20.3 million.

March 29, 2013
Report: Tesco exploring options for Fresh & Easy

New York -- British grocery giant Tesco is moving closer to selling off its U.S. Fresh & Easy division, with Tesco CEO Philip Clarke traveling to the United States next week to try and strike a deal, according to a report in the British newspaper, The Telegraph.

Tesco has held discussions with Trader Joe’s and others about selling Fresh & Easy, but a break-up of the business is considered the most likely option, the report said. Other options include closing the business and selling off assets.

March 26, 2013
Kohl’s receives EPA’s highest Energy Star award

Kohl’s Department Stores will be recognized by the U.S. Environmental Protection Agency as a recipient of the 2013 Energy Star Partner of the Year – Sustained Excellence Award for the company’s continued leadership in protecting the environment through superior energy efficiency initiatives.

March 25, 2013
Founder Schulze returns to Best Buy as chairman emeritus

Shortly after abandoning buyout possibilities of his former company, Best Buy co-founder and former chairman Richard Schulze announced Monday that he is returning to the retailer as chairman emeritus.

March 21, 2013
Supervalu completes sale of five chains to Cerberus-led investor group

Supervalu announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium.

March 20, 2013
Delhaize banners earn Energy Star award

Delhaize's Food Lion, Harveys and Reid's chains have earned their 12th consecutive Energy Star award from the U.S. Environmental Protection Agency.

March 19, 2013
Hodgdon Group completes 15th retail project for Ashley Furniture

The Hodgdon Group announced that it has completed construction of the conversion of a former Babies "R" Us building at Eastland Center in West Covina, Calif., for the opening of an Ashley Furniture HomeStore on March 15.

March 15, 2013
Mobile Payments

Consumer use of smartphones and tablets is helping to drive the growth of mobile transactions in retail. Chain Store Age spoke about the growing trend with Don Kingsborough, VP retail services, PayPal, which recorded $14 billion in mobile payments in 2012 and expects to exceed $20 billion this year. According to Kingsborough, PayPal is well-positioned to tap into mobile payment growth as it already has three key elements in place: a large consumer base (55 million-plus in the United States), a network of merchant partners and "ecosystem" partners.

March 15, 2013
The Retail M&A Market: Trends for 2013

Mergers and acquisitions transaction activity in the U.S. retail sector jumped 39% in 2012 for deals greater than $50 million, while total deal value more than doubled. These gains point to an industry undergoing major changes, one that is attracting considerable interest from a wide range of players.

© 2013