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  • Sporting goods giant cuts full-year outlook and jobs amid Q2 loss

    After several years of explosive growth, Under Armour is hunkering down amid increased competition and weaker demand. And the brand, best known for its performance edge, is putting a new emphasis on lifestyle.  

  • Publix Q2 sales, earnings rise; cuts stock price

    Florida's largest supermarket chain on Tuesday reported higher sales and revenues for its second quarter. Prior to releasing its results, the company cut the price of its stock.   Publix’s sales in the second quarter rose 3.6% to $8.4 billion, from last year’s $8.1 billion. Same-store sales increased 1.6%.      Net earnings increased 3.5% to $495.1 million, compared to $478.2 million in the year-ago period.    

  • Westlake Ace Hardware promotes two execs

    Westlake Ace Hardware has announced two executive promotions.   The company promoted current COO Joe Jeffries to president and COO, continuing to support CEO Tom Knox. In addition, Andrew Schmitt will be promoted to the position of VP of operations for Westlake Ace Hardware. Schmitt currently holds the position of director of retail operations – Western Division, for Ace Hardware Corporation.  

  • Discounter adds new hiring academy

    Walmart is making good on its promise to open 200 learning centers by year’s end.   The discounter is planning to open another employee training academy. The new location, which will be in Sioux Falls, South Dakota, is expected to open by end of 2017, according to the Argus Leader, a division of USA Today.  

  • Connected Experiences for Retail from Microsoft Dynamics

  • Department store retailer plans $40 million investment in remodels, new stores

    Not all department store retailers are closing stores.   Charlotte, North Carolina-based Belk said it plans to open three new stores, part of a nearly $40 million investment in store remodels, capital improvements and new store openings in 2017.  

  • New Market closes on 34th center

    Formed just three years ago, an aggressive acquirers of grocery-anchored centers has purchased its 34th property.   New Market Properties, a wholly-owned subsidiary of Preferred Apartment Communities, has acquired Irmo Station, a Kroger-anchored center in Columbia, South Carolina. The company targets high-yield suburban markets in Texas and the mid-Atlantic and Southeast regions and market-leading grocery anchors such as Publix, Kroger, and HEB.  

  • Analysis: Amazon can sustain buying sales at the expense of the bottom line

    While many other retailers are bumping along the bottom in terms of growth, Amazon increased its sales line (in its second quarter) by almost a quarter.  In real terms, this means the online behemoth took some $7.5 billion more in revenue this quarter than during the same period last year. By any standards, this is an impressive performance -- but it is doubly so for a company of the size and scale of Amazon.  

  • Promotion at Nest

    Nest, a leading consultative advisor and technology provider specializing in multi-facility maintenance and construction services, announced the promotion of James Porreca to director of estimating and construction.    Due to recent growth and client demands, Nest made the commitment to add a new division to the company that will help serve their clients’ needs in a more enhanced way.  

  • Another department store retailer targeted for its real estate

    Macy's and Sears are by no means the only department store companies with valuable real estate.    Activist investor Snow Capital Partners has built a position in Dillard's Inc. and is planning to push for changes at the retailer, including unlocking the value of its real estate portfolio, Bloomberg reported.  
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