Finance & Capital Management

The ever-expanding Dollar General has entered its 44th state.   The discounter opened a store in Hankinson, North Dakota. The company plans to open six additional locations in the state through spring 2017.   

Birchbox is launching a new, pricier service.   The online beauty subscription retailer will debut a service that enables shoppers to better customize their monthly box of samples, along with other perks, TechCrunch said.    The service, which is only currently available to current subscribers, is $14 per month. The original subscription is $10 per month.

Whole Foods Market is feeling the impact of increased competition by mainstream supermarkets.   The retailer is slowing down its rate of opening new stores, reported the Austin Business Journal, and no longer has a goal of 1,200-plus stores.    

L.L. Bean is in a cost-cutting mode.    The company, which is evaluating all aspects of its business, is offering early retirement incentives (it hopes to trim about 500 positions), freezing pensions and taking a “hard look” at its free shipping and generous re-turns policy, the Associated Press reported.   

It’s not over yet for the embattled Sears Holdings, which is streamlining its operations on the heels of what appears to be a brutal fourth quarter.    The long-struggling retailer on Friday announced a comprehensive restructuring that will cut at least $1 billion in operating costs a year. The plan involves reducing corporate overhead (although Sears did not specify, job cuts are likely), closer integration of the Sears and Kmart operations and improving its merchandising, supply chain and inventory management.

J.Jill Group is looking at a return to the public markets. The apparel retailer, which is owned by private-equity firm TowerBrook Capital Partners LP, announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. TowerBrook acquired J.Jill from Arcapita and Golden Gate Capital in 2015. The chain was previously owned by The Talbots.

J.Jill Group is looking at a return to the public markets.   The apparel retailer, which is owned by private-equity firm TowerBrook Capital Partners LP, announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. TowerBrook acquired J.Jill from Arcapita and Golden Gate Capital in 2015. The chain was previously owned by The Talbots.    

The Iowa-based Von Maur department store chain will be installing a 90,000-sq.-ft. location at PREIT’s Woodland Mall in Grand Rapids, Michigan, in a space to be vacated by Sears. A 2019 opening is planned.   A 145-year-old, family-owned chain of 31 stores in 14 states, Von Maur’s offerings aspired to the high end with brands like Eileen Fisher, Coach, and Tommy Bahama.