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 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.

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.  

New York – Aeropostale Inc. is expanding in Asia through new licensing agreements in India and Indonesia. The company plans to open stores in India through a licensing agreement with Arvind Lifestyle Brands Ltd., and in Indonesia through a licensing agreement with PT Mitra Adiperkasa TBK (MAP).

Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. has named William (Will) A. Powell as CEO and president. Powell succeeds W. Bruce Johnson, who as previously announced is stepping down as CEO and president.

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., opened a new store in Tampa on June 27.  

The 22,000-sq.-ft. store, located in University Plaza on the northwest corner of Fletcher Avenue and Bruce B. Downs Boulevard, marks the retailer’s 26th store in Florida and secures the state as dd’s third-largest in terms of store counts.

Dublin, Calif. -- Ross Dress for Less will open two new stores in the Raleigh, North Carolina, area on July 18.  The stores are located in the Wake Forest Crossing in Wake Forest, 15 miles northeast of downtown Raleigh, and the Shops at Cameron in Sanford, 50 miles southwest of Raleigh.  

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

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.