Finance & Capital Management

Ross Dress for Less opened a new store North El Centro, California on March 5. The opening is part of the retailer’s 2016 expansion program, totaling about 70 new locations during the year.

The 26,000- sq.-ft. store is located at Centro Commons, 11 miles north of the California-Mexico border, at the intersection of Imperial Avenue and Cruickshank Drive. With this location, Ross operates 277 stores in California, its largest state.

Finish Line has hired a high power technology executive to make sure it avoids recent technology implementation challenges in the future while keeping pace with athletic footwear consumers’ desire for an omnichannel experience.

Ross Dress for Less on March 5 opened two new stores in the Chicago area.

The retailer opened a 27,000-sq.-ft. location in Berwyn, in Cermak Plaza, nine miles west of downtown Chicago at the southeast corner of West Cermak Road and Harlem Avenue.

It also opened an Archer Heights location, a 25,000-sq.-ft. store in the Pulaski Promenade, nine miles southwest of downtown Chicago at the northwest corner of 42nd Place and Pulaski Road.

Gap Inc. CEO Art Peck was in New York on March 16 to receive the 2016 Catalyst Award from an organization focused on accelerating progress for women through workplace inclusion.

Finish Line has hired a high power technology executive to make sure it avoids recent technology implementation challenges in the future while keeping pace with athletic footwear consumers’ desire for an omnichannel experience.

Albertsons on Monday submitted a binding bid letter and form of Asset Purchase Agreement to Haggen for the purchase of 29 of Haggen's core stores, confirming reports that Alebertsons would seek to acquire the remaining Haggen core. This is a step in the process to obtain bankruptcy court approval, following Haggen's Chapter 11 filing on September 8, 2015, which is required for consummation of the purchase.

Stein Mart has named a new CEO just a week after a tough fourth quarter in which the retailer posted a decline in profit.

The Florida-based company says it has appointed Dawn Robertson as CEO and a member of the board of directors. Robertson will also have the responsibilities of chief merchant for the foreseeable future, the company said. She succeeds Jay Stein, the company's founder and long standing CEO, who had advised the board of his desire to step back from that position but remain Stein Mart's chairman of the board.