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Strategy

  • Report: Children’s apparel retailer preparing bankruptcy filing

    Gymboree Corp.’s debt and mounting losses may have finally caught up with it.   The embattled retailer is preparing to file for Chapter 11 bankruptcy protection, Bloomberg reported, as it faces a June 1 interest payment on its debt.   Gymboree has more than $1 billion in debt resulting from its Bain Capital buyout in 2010. It warned in March that it was running short on cash.   

  • Report: Fraudsters zero in on Amazon marketplace merchants

    Amazon’s third-party sellers are hackers’ latest victims.   In recent weeks, attackers targeted the growing population of third-party sellers on Amazon.com, using stolen credentials from dormant accounts to sell nonexistent merchandise at bargain prices, and then collect the cash, according to Fox Business.   

  • Office supplies giant honored for energy efficiency

    Staples has been named a 2017 Energy Star Partner of the Year – Sustained Excellence Award winner for continued leadership in protecting the environment through superior energy efficiency achievements. It is the eighth year in a row the company has been so honored.   

  • Walgreens expanding its in-store beauty format

    Walgreens is increasing its in-store beauty presence.

  • Report sends Amazon’s stock price surges

    Amazon’s upward trajectory is not going to stop anytime soon — and it’s not going unnoticed on Wall Street.  

  • Fast-growing beauty retailer coming to nation’s largest mall

    Ulta Beauty is touching down at Mall of America.   The retailer will open an 11,000-sq.-ft. location at the mammoth shopping center, which is located in Bloomington, Minnesota, in fall 2017.    In addition to more than 20,000 products, Ulta Beauty will also feature an in-store offering a variety of hair, skin, and brow services.   

  • Legoland opens first Pennsylvania location

    Joe Coradino’s experience-driven rebuilding of PREIT malls has given kids in Pennsylvania something new to build on — or, more like, in.   The state’s first Legoland Discovery Center has opened in the Plymouth Meeting Mall, north of Philadelphia, pushing the percentage of the property’s dining and entertainment space above 45%, compared to an average of 17% at other PREIT malls.  

  • Department store retailer enters new market

    Von Maur has opened its first location in Wisconsin.   The family-owned company opened a 150,000-sq.-ft. store at The Corners of Brookfield in Brookfield, Wisconsin.   Von Maur has been expanding with its eye on a national footprint. After expanding beyond its Midwestern footprint in 2011 with the opening of its first location in Georgia, Von Maur has since grown in additional new states including New York, Alabama and Oklahoma.   
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