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Finance & Capital Management

  • Specialty game retailer files Chapter 11

    Apparently mind-challenging games and puzzles weren’t big on holiday lists last year.   Marbles: The Brain Store has filed for Chapter 11 bankruptcy protection, with plans to close its 37 stores, reported The Chicago Tribune. In its filing, the Chicago-based retailer cited a "dramatic downturn" in its 2016 holiday business that left it short on cash.   

  • Warby Parker in store expansion

    Warby Parker is making a big commitment to brick-and-mortar.    The hip eyewear retailer plans to open at least 25 stores this year, The Wall Street Journal reported.   The new locations, planned for Miami, Philadelphia, Los Angeles and other cities, are expected to bring Warby Parker’s total store count to about 70 by year end.    The stores will range in size and include freestanding as well as mall locations, the report said. 

  • This old store: Keys for transforming historic spaces

    For a retailer, the allure of a historic building is obvious. A renovated historic space conveys a unique degree of character and a memorable and defining sense of place. It can help a brand or business stand out in a crowded and competitive retail marketplace and deliver that all-important experiential element.  

  • Wal-Mart increases stake in Chinese e-commerce giant

    Wal-Mart Stores keeps upping its investment in JD.com.   The discounter has increased its stake in the Chinese online company to 12.1%, (worth about $4.87 billion), from the 10.8% stake it had in October, and the 5.9% stake it had in June of last year, according to a report by Business Insider.  

  • Report: Alibaba sets up shop in Australia

    To tap growing global demand among shoppers in Australia and New Zealand, Alibaba opened its new international office in Melbourne.   On Saturday, Feb. 4, the e-commerce giant opened its new headquarters as a means of extending its reach — and product availability — to shoppers across the two countries, Reuters reported.   

  • Apple to double size of Fifth Avenue flagship

    Apple is going really big in Manhattan.   The retailer is expanding its flagship at the General Motors building on Fifth Avenue from its current 32,000-sq.-ft. to over 77,000 sq. ft. The Apple space is renowned for the glass cube located on the street level.    While the store is undergoing the expansion, Apple has temporarily moved into a space in the building that was formerly occupied by FAO Schwarz.     

  • North Face exec joins Wolverine

    Wolverine World Wide announced the appointment of Todd Spaletto as president of the Wolverine outdoor and lifestyle group.   Spaletto will lead the growth of the Merrell, Chaco, CAT, Hush Puppies, and Sebago brands around the world. He brings 23 years of experience in branded apparel and footwear, and most recently served as president of The North Face, where he led the growth of this industry-leading global brand for six years.   

  • Tiffany CEO out

    On the heels of disappointing financial results, Tiffany & Co. said that Frederic Cumenal has stepped down as CEO, effective immediately.    Cumenal, who had run the company since April 2015, is being succeeded on an interim basis by chairman and former CEO Michael Kowalski, while the company searches for a permanent replacement.    
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