Finance & Capital Management

Dublin, Calif. -- Ross Dress for Less will open a new store in Montrose, Colorado, on July 18, as well as a new store in Phoenix on the same day, adding to its western U.S. store counts.

The 27,000-sq.-ft. Montrose, Colorado, store is located in the River Landing shopping center at US Highway 550 and Rio Grande Avenue, 60 miles southeast of Grand Junction.  

Sears Canada Inc. is looking for its fourth CEO in a little over two years as the company seeks to return to profitability.

Sears said Ronald D. Boire will be departing from his position as president and CEO of the company at the end of the summer to pursue an opportunity in the United States. On the same day, Barnes & Noble announced that opportunity is CEO of that company's retail business.

Sears Canada said that Brandon G. Stranzl, chairman of the board of the corporation, has been named executive chairman effective immediately.

Dublin, Calif. -- Ross Dress for Less (“Ross”) isn’t slowing down its brick-and-mortar expansion.

The chain will open a new location in Salina, Kansas, on July 18. The 25,000-sq.-ft. store is located in the Central Mall, 80 miles north of Wichita. The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.  

Sears Hometown and Outlet Stores has promoted its chief operating officer to CEO.

The board of directors has elected William (Will) A. Powell as the company’s chief executive officer and resident, effective immediately. Powell succeeds W. Bruce Johnson, who as previously announced is stepping down.

Academy Sports is marking a company milestone this week when it opens a store in Tupelo, Miss.

"I want to thank all of our corporate, store, and distribution center associates for their tremendous efforts in supporting us as we achieve this milestone in our strategic five-year growth plan," said Rodney Faldyn, president and CEO of Academy Sports + Outdoors. "We have no intention of stopping our growth at 200 as we're committed to bringing our stores to active communities throughout the Midwest, South, and Southeast U.S."

New York -- The top state for business is a high-tax, high-wage, union-friendly, cold-climate state, according to an annual ranking by CNBC.
 

Time is often considered the most precious resource of all, because once it is spent, it can never be replenished. While there is no way to create new time, retailers can reduce the amount of time spent on such tasks as scheduling and payroll with automated workforce management technology. And as the old saying goes, time equals money.

Taking proactive approach can save energy, costs

Unexpected heating, ventilation and air-conditioning system repairs or breakdowns can result in unplanned store downtime or customer comfort issues for retail stores. With comfort such an important part of the customer experience, one that can impact sales, HVAC systems are indeed a critical component for retail stores.

In addition, HVAC systems are one of the largest sources of energy consumption in retail stores.