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Strategy

  • Electronics/appliances retailer files Chapter 11; finds buyer

    Indianapolis-based Hhgregg has filed for bankruptcy.    The move came just days after the struggling chain announced a big wave of store closings.    In a statement, Hhgregg said it has reached an agreement with an anonymous party to purchase its assets, which will allow the company to exit Chapter 11 debt free “with significant improvement in liquidity for the future stability of the business.” Terms of the agreement were not disclosed.   

  • Specialty retailer deploys new platform to improve merchandising, store ops

    The DNA of Altar’d State is based on delivering a distinctive store experience and merchandise offerings, while always “standing out for good” in the world.  

  • Nordstrom expanding important employee benefit

    New parents working at Nordstrom are about to get a break.   Starting May 1, the department store retailer will offer up to 12 weeks of fully paid leave to birth mothers, and up to six weeks of fully paid leave to other new parents, the Seattle Times reported.    Nordstrom’s current maternity leave policy is six weeks of disability paid at 60% for birth mothers.

  • Urban Outfitters posts double-digital sales growth in online channel

    Urban Outfitters Inc. ended its fiscal year more or less on target.    The retailer on Tuesday reported net income of $64.3 million, or 55 cents a share, just one cent shy of analysts’ estimates, and down from $72.9 million, or 61 cents a share, in the year ago period.   Total net sales rose 2% to $1.03 billion, matching Street forecasts.  

  • Brixmor buys grocery-anchored center in Ann Arbor

    Brixmor Property Group has purchased Arborland Center, a 404,000-sq.-ft. center in Ann Arbor, Michigan, for $102 million. The center is anchored by Kroger and Nordstrom Rack and is situated between the University of Michigan and Eastern Michigan University.

  • Dick’s Sporting Goods details expansion; tops Q4 earnings, sales

    The struggles — and exits — of former rivals has proved a boon for Dick’s Sporting Goods, which reported fourth quarter sales and earnings on Tuesday that beat the Street.       The company also announced aggressive store expansion plans.   

  • Dunkin’ Donuts expanding in the South

    Dunkin’ Donuts is growing its footprint in Alabama and Mississippi.   The chain signed development agreements with two franchise groups to develop 17 locations throughout the two states during the next several years.   Existing franchisee Birmingham Donut Holdings plans to develop nine new Dunkin' Donuts restaurants in Birmingham, Alabama.  The group currently operates 34 restaurants throughout Alabama and Florida.   

  • Walgreens looks to speed up Rite Aid merger

    Walgreens Boots Alliance is considering a move that would force the Federal Trade Commission to vote on its planned merger with Rite Aid within 30 days.   Walgreens is considering declaring that it has “certified compliance” in its application, which would mean that the drugstore chain believes it has given regulators substantially all the information they need to make a decision, The New York Post reported.
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