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Finance & Capital Management

  • Gap exec rejoins company as board member

    Veteran apparel retailer Tracy Gardner will join the Gap Inc. board, effective Nov. 11.

    Gap has relied on Gardner on multiple occasions the past 25 years as an employee and advisor. Gardner worked at the company from 1991 to 1994 in various creative roles and from 1998 to 2004 in senior leadership positions, including head of Gap adult merchandising. This past year she served as an advisor to the Gap brand and functioned in a similar role in 2012.

  • Dunkin’ brewing up aggressive growth

    Dunkin’ Donuts isn’t letting lackluster sales in its most recent quarter stand in the way of store expansion.

    The coffee chain, a division of Dunkin’ Brands Group Inc., on Thursday said it is on track to add between 410 and 440 net new U.S. stores this year. The expansion represents greater than 5% net new locations.

    Globally, the company -- which also owns Baskin-Robbins -- expects to open between 615 and 750 net new restaurants across the two brands.

  • Report: Jeff Bezos goes shopping at Costco

    Costco Wholesale has sold an airplane hanger to Poplar Glen, the limited liability company owned by Amazon’s Jeff Bezos, the Puget Sound Business Journal reported. Bezos owns two airplanes, including a recently acquired Gulfstream, according to the report. [Puget Sound Business Journal]

  • Report: Struggling grocer turning out the lights

    Fresh & Easy, which opened its first store in 2007 and was U.K. giant Tesco’s first U.S. venture, is closing its stores, the Los Angeles Times reported. The chain, which was never able to gain a foothold in the competitive U.S. grocery market, filed Chapter 11 in 2013, and was acquired by grocery billionaire Ron Burkle's Yucaipa Cos. with a loan from Tesco. [Los Angeles Times]

  • Pioneer shopping center magnate passes away at 93

    One of the shopping center industry's early stars—and a man who endured many hardships, including internment in a Nazi labor came, has died.

  • Five Below looks for sales to sizzle with new agency

    Five Below is looking to generate brand awareness and traffic after selecting a new advertising agency to handle creative and media duties.

    The teen and pre-teen retailer known for selling products for $5 or less chose Zimmerman Advertising, a division of Omnicon, as its agency of record and Five Below CEO Joel Anderson couldn’t be happier.

  • Dunkin’ Donuts not cutting back on store expansion

    Dunkin’ Donuts announced new locations as it works towards its goal of opening 410 to 440 net new restaurants in 2015.

    The chain announced multi-unit store development agreements totaling 24 new restaurants over the next several years in Minnesota with two franchise groups, Kod Kod Enterprises, LLC, and existing franchise group, VANTive Group.

  • Westward ho for Sportsman's Warehouse

    Sportsman's Warehouse is growing its store presence out West.

    The retailer will open a store in Slidell, Louisiana, its first in the state, and another in Las Cruces, New Mexico.

    The Louisiana store will be located in the Rouse Shopping Center, and is expected to open in early 2016.

    The store in Las Cruces will be located on Telshore Boulevard and is expected to open in the summer of 2016.

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