Finance & Capital Management

Dublin, Calif. -- Ross Dress for Less will open new stores in Corbin, Kentucky, and in Middletown, Kentucky, both on July 18.  

The 22,000-sq.-ft. Corbin store is located in the Trademart Shopping Center at Highway 25 and Master Street.

The 25,000-sq.-ft. Middletown store is located in Middletown Commons at Interstate 265 and Shelbyville Road, 14 miles east of Louisville.  

Both are part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.  

QVC has named a Procter & Gamble veteran as its next business planning and analysis chief, as the company looks tomaximize efficiencies and organizational synergy.

Having passed the calendar’s mid-point, we thought it would be interesting to take a look at the top 10 most-viewed stories of the year (to date) on Chainstoreage.com.

New York – Barnes & Noble Inc. has tapped Ronald D. Boire, currently president and CEO of Sears Canada Inc., to become the CEO of its new retail division, effective Sept. 8.

It might seem counterintuitive to suggest that Houston, the nation’s fourth most populous city, is ever in danger of being overlooked, but the reality is that, for a long time, this rapidly growing Texas metropolis has frequently not been thought about in the same category as its peers. That is changing, however, and in many ways Houston has become that gateway market it has always longed to be. With the kind of population growth the city has been experiencing, population projections of 8 million - 9 million people in the not-too-distant future do not seem too far-fetched.

Littleton, Mass. – Specialty equestrian retailer Dover Saddlery Inc. is jumping into a new business arrangement.

Dover Saddlery has completed its merger with a company formed by Webster Capital. Dover shareholders will receive $8.50 per share in cash in the merger, and all in-the-money stock options and warrants will be cashed out.

New York -- Kohl's has thrown its hat in the growing off-price market.
 
The company has officially debuted its new off-price format, Off Aisle by Kohl’s, with a test store in Cherry Hill, New Jersey.

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., opened its newest Arizona store on June 27 – a 22,000-sq.-ft. unit in North Tucson.

The newest store is located in the Oracle Gateway off of North Oracle Road and Pastime Road, 3.7 miles north of downtown Tucson, and it brings the total number of stores in the Tucson area to four.