Finance & Capital Management

Dublin, Calif. -- Ross Dress for Less will open a new store in Colorado on Oct. 11. The store is located in Prairie Center in the community of Brighton, eight miles northwest of Denver.

This new opening is part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.

Hy-Vee is looking to improve operations and reduce shrink, and to that end, will be deploying Agilence’s Retail 20/20 exception reporting tool.  

"While looking for a solution we were keen on finding one that could help us improve our in-store operations, while also making exception reporting a priority," said Darren Baty, SVP and chief information officer, Hy-Vee. "After seeing Retail 20/20 in action it became clear that we would be able to reduce shrink and improve our front end with this tool."

Conshohocken, Pa. -- Ikea has begun significant demolition of a 30,145-sq.-ft. building adjacent to its Detroit-area store in Canton, Michigan. Razing of the vacant retail building will make room for the Swedish retailer’s planned expansion of its Canton location. The 311,000-sq.-ft. store, which opened June 2006, will grow nearly 44,000 sq. ft., with the project’s completion by summer 2015.

Houston - Mattress Firm Holding Corp. has completed its acquisition of the mattress specialty retail assets and operations of Back to Bed Inc., M World Mattress LLC, MCStores LLC and TBE Orlando LLC, which collectively operate Back to Bed and Bedding Experts retail stores in Illinois, Indiana and Wisconsin and Bedding Experts and Mattress Barn retail stores in Florida.

Phoenix -- Molly Busch has joined the Capital Markets group of commercial real estate firm CBRE Group Inc. in Phoenix. A senior associate, Busch will partner with VP Andrew Fosberg.

The duo focuses on investment sales with an emphasis in retail properties. Busch comes to CBRE from Grand Canyon University, where she was the director of marketing for athletics and fan development.

First Data Corporation has bolstered its senior leadership team as part of its ongoing transformation from a payments processor to a collaborative technology company and solutions provider for merchants and financial institutions around the world.

The company promoted two executives to new roles: Barry McCarthy to lead four strategic businesses including the STAR Network and Sanjiv Das to lead First Data’s international business. The company has also brought in two new hires: Andrew Gelb to lead the financial services business and Adam Rosman as general counsel.

Carle Place, N.Y. -- 1-800-Flowers.com announced the closing of its acquisition of Harry & David Holdings, a specialty retailer and producer of branded premium gift-quality fruit, gourmet food products and other gifts.

“This combination will propel our total annual revenues to more than $1.1 billion and offers numerous opportunities to accelerate our top and bottom-line growth going forward,” said Jim McCann, CEO of 1-800-Flowers.com.

Mars Petcare has opened a state-of-the-art, Gold-LEED certified $110 million global innovation center in Thompson's Station, Tennessee. The new campus is the third Mars Petcare innovation center and first in the United States.

The company selected the location in Thompson's Station in part because Tennessee is home to Mars facilities in Cleveland, Chattanooga, Lebanon and Franklin (two locations).