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Marketing

  • Happy New Year from CSA

    Chain Store Age offices will be closed December 30 through January 2. We will resume  publishing on Tuesday, January 3. Have a happy, healthy new year!

  • British online fashion retailer makes bid for Nasty Gal

    Los Angeles-based Nasty Gal, which filed for bankruptcy protection in November, may soon have a British owner.   Boohoo.com is bidding $20 million (£16.3 million) for the brand and its customer databases as the “stalking horse” candidate. Based in Manchester, England, Boohoo specializes in fast-fashion and targets teens and young women, the same audience as Nasty Gal.      

  • Rent the Runway raises new round of funding amid expansion

    Rent the Runway’s total investment keeps growing.    The dress rental business announced it has closed on a $60 million round of funding, led by Fidelity Management and Research Company with additional money from such existing investors as Bain Capital Ventures and Highland Capital Partners. Total investment in the company now stands at $190 million.      

  • Downtown Detroit mixed-use property opens

    The comeback of downtown Detroit, led by the expansive District Detroit project under construction, was advanced this week with the opening of The Scott at Brush Park. The upscale, mixed-use development of Broder & Sachse Real Estate and Sachse Construction is located about eight blocks north of District Detroit on Woodward Avenue.   

  • Puerto Rican shoe chain makes U.S. debut at Pembroke Lakes

    Novus, the shoe retailer with 40 years’ experience and 60 stores in Puerto Rico, has opened its first stateside location at Florida’s Pembroke Lakes Mall.   “Novus is aware of the importance of the South Florida market and the large Puerto Rican population of more than 300,000 currently residing in the area that has a close identification with the brand,” said Grupo Novus Marketing Director Sandra Castellon of the brands first steps into the U.S. market.  

  • Fred’s swallows poison pill

    Fred’s Inc. is playing defense.   The Memphis-based retailer on Tuesday adopted a shareholder rights plan, or “poison pill,” less than a week after news surfaced that an activist investor had amassed a big stake in the company. It also comes approximately one week after Fred’s announced it had agreed to purchase 865 divested Rite Aid stores as part of the expected Walgreens Boots Alliance-Rite Aid merger. The acquisition would more than double Fred’s store count.   

  • Unusual retail concept puts new spin on tech retailing

    A very tech-savvy retailer retail is expanding its fledgling physical footprint with an eye toward national expansion.    b8ta, which lets people test out products from a variety of tech companies, including many small start-up, has opened a store at University Village, Seattle, along with one at Santa Monica Place, Santa Monica, Calif. Both locations were designed by Gensler, and feature a sleek, modern design.    

  • Report: J.C. Penney test deeper dive into appliances

    J.C. Penney is testing a category more typically associated with Home Depot or Lowe’s than a department store: heating, ventilation and air-conditioning systems.    According to a report by Dallas Morning News, the test is being done in partnership with Trane, an HVAC company, and includes a display of the HVAC service near the major appliances at a few locations.

  • Top 10 Retail Stories of 2016

    From start to finish, many of this year’s biggest retail stories involved mergers and acquisitions as the industry continues to remake itself in a digital age. Here’s a look back at 10 stories that caused big buzz — and were the most viewed  by readers on Chainstoreage.com.

  • Off-price retailer acquired with eye to expansion

    Private-equity firm Warburg Pincus has agreed to acquire Gabriel Brothers (Gabe's) from Alvarez & Marsal Capital.   The terms of the transaction were not disclosed.  
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