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  • Office Depot helps small businesses get much needed loans

    BOCA RATON, Fla. — Office Depot announced that it is partnering with Superior Financial Group (SFG), a leading small usiness administration (SBA) lender, to provide qualified small business customers with access to capital in the form of SBA Loans between $5,000 to $25,000. Customers can apply for a loan by visiting www.officedepot.com/sba.

  • Target wins approval to add bulls-eye to Chicago landmark building

    New York City -- Target Corp. has won approval to put its signature red logo on one of Chicago's most famous buildings. The Permit Review Committee of the Commission on Chicago Landmarks on Thursday approved the chain’s request to allow its bull's eye to be placed on its new store planned for downtown Chicago.

  • Sheetz to add DC in North Carolina to support expansion

    New York City -- Convenience-store operator Sheetz will open a distribution facility by 2014 to support its expansion plans and increasing number of stores in the state, according to a report by The News & Observer. The distribution facility also will serve stores in southern Virginia and West Virginia, the report said.

    Sheetz currently has 394 stores, with more than half in Pennsylvania. With a goal of 500 stores in three years, the chain is targeting North Carolina and West Virginia its top markets for expansion.

  • Bob Evans Farms to remodel 44 units

    New York City -- Bob Evans Farms will extend its “Farm-Fresh Refresh” renovation project to 44 locations in the Detroit and Toledo, Ohio, areas. The renovations are expected to begin in August 2011 and be finished by this November.

    The new stores will include a bakery, a carry-out area and a redesigned retail area. The updated design features murals in the entryway depicting the heritage of Bob Evans and more modern furnishings, light fixtures and brighter color schemes in the dining room.

  • Macy’s names new VP merchandising

    Cincinnati -- Macy’s announced that Steven Derwoed has been appointed VP merchandising for the Macy’s Store Planning and Design group (SPACE).

    Prior to joining Macy’s, Derwoed served as principal in the New York office of Callison Architects and partner, VP design at RYA Design Consultancy.

  • Former Safeway exec joins commercial brokerage firm

    Former Safeway real estate executive Dan Clayton has joined Denver-based Laramie Company as VP leasing. He previously served as real estate director at Safeway and in his new role will focus on tenant representation and project leasing.

  • Kmart cooks up a deal with Gordon Ramsay

    HOFFMAN ESTATES, Ill. — Kmart that it will be the exclusive retailer for the new Gordon Ramsay Everyday kitchen collection. The collection will debut in stores this fall and will include cookware, dinnerware, cooking utensils and small kitchen appliances.

  • Rite Aid shuffles executives in HR, operations departments

    CAMP HILL, Pa. — Rite Aid announced Thursday changes in its human resources and operations departments.

    The 4,700-store chain named Brian Fiala as EVP human resources and Robert Thompson as EVP store operations. Rite Aid also appointed Bill Romine as SVP of the chain’s western division.

    Fiala had previously served as EVP store operations, having joined the company in 2007 after working for 24 years at Target. He replaces Steve Parsons, who is leaving the company to take another position, and will report to president and CEO John Standley.

  • Sears inks deal with military exchanges

    Sears Home Services has entered into agreements with three branches of the military to provide delivery and installation services for merchandise sold through their stores in the continental U.S.  After success with initial pilots, Sears began the nationwide launch on June 8,  at various Navy, Army, and Air Force Exchanges that sell home improvement services such as siding, windows, cabinet refacing, kitchen remodeling, roofing, carpet, and upholstery cleaning, air duct cleaning and garage door installation and repair.

  • With flat June sales, Fred's expects Q2 to be at low end of projected range

    MEMPHIS, Tenn. — Fred's on Thursday reported sales of $179 million for the five weeks ended July 2, representing a relatively flat 0.1% increase, compared with the year-ago period.

    Comparable-store sales for the month dropped 0.7%, compared with an increase of 1.7% in the same period last year.

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