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Finance & Capital Management

  • Belk still expanding despite sale rumors

    At a time when the future of the company is unclear, Belk Inc. is reportedly building another flagship store.

    Rouse Properties Inc. announced it has signed a lease with Belk Inc. to open a new 237,000 square foot flagship store at The Shoppes at Bel Air in Mobile, Ala. Belk will be taking the place of an existing Sears, and expanding on its already integral presence at The Shoppes at Bel Air.

  • Bon-Ton Stores names retail vet as COO

    Bon-Ton Stores has hired a 30-year veteran of the retail industry as its chief operating officer.

    The Bon-Ton Stores Inc. has named William Tracy to the position of COO, effective July 27. Tracy will have responsibility for stores, information systems, supply chain, distribution & logistics, omnichannel strategy, real estate, and HR.

  • Wolverine Worldwide to close 120 stores as profit dips 8.7%

    Wolverine Worldwide reported profit declines for the second quarter as the retailer shaved the number of stores it plans to close to 120.

  • Jet rolling on $20 billion runway

    Boasting a proprietary dynamic pricing algorithm, the new online shopping club Jet.com officially launched on July 21 with plans to reach a lofty sales milestone faster than other retailer.

  • A&P store sell-off begins

    Quincy, Mass. – The sell-off of stores from the newly bankrupt Great Atlantic and Pacific Tea Co. (A&P) has begun. The Stop & Shop Supermarket Co. LLC has entered into an agreement with A&P to acquire 25 A&P stores in greater New York for $146 million.

  • Report: eBay makes acquisition after PayPal split

    San Jose, Calif. – eBay Inc. is not wasting any time in moving on now that its long-anticipated split with PayPal Inc. is official. According to MarketWatch, eBay has acquired online consignment apparel retailer Twice, and will not maintain the Twice brand.

  • Amazon competitor prepares for Tuesday takeoff

    Hoboken, N.J. – The countdown is on for the latest competitor to Amazon.com to take off. Jet.com, which hopes to compete with the Amazon Prime membership service using “profit-free” pricing, has an online clock on its homepage counting down to launch at 6 a.m. ET on Tuesday, July 21.

  • TreeHouse, Austin, Texas

    TreeHouse is a first-of-its-kind home improvement store. Specializing in curated products and services that promote healthy and sustainable spaces, the 25,000-sq.-ft. eco-friendly space is a hub for everything tied to smart, thoughtful building.

    TreeHouse is airy and inviting, with skylights and an open feel. There are lots of displays, product vignettes and graphics that explain how things work and tout the benefits of non-toxic paint and the like.

  • Dunkin’ Donuts seeks gold with California expansion

    Canton, Mass. – “California, I’ll be knocking on the golden door.” Dunkin’ Donuts executives may find themselves singing these words from the Grateful Dead classic “Estimated Prophet” as the coffee retailer pursues a massive expansion strategy in the most populated U.S. state.

  • Instacart expands employee option

    San Francisco - Instacart  is expanding a program that lets some contract workers become part-time employees. The online grocery delivery service is now offering its contractor in-store shoppers in Houston and Austin, Texas, the option of applying for new employee roles with expanded responsibilities.

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