Strategy

With plans to double in size over the next two years, the fast-casual Newk’s Eatery chain is on the fast-track. And it is testing a new design prototype to help it accomplish its goal.

Dubbed the "Generation Two" design, the new concept represents a fresh, on-trend look for the brand, and is designed to resonate in new markets and elevate the overall guest experience.

Godiva Chocolatier has opened an in-store boutique in Macy’s Herald Square flagship in Manhattan.

Shoppers can create their own bespoke assortment of chocolates in the shop, which is accented with the brand’s signature gold throughout. The boutique features the largest chocolate case in North America. It’s also the first to include a large communal table, complimented by café seating.

Mega deals worth more than $1 billion drove the U.S. retail and consumer sector’s strong third quarter, according to PwC’s U.S. quarterly R&C Deals Insights report.

During the three-month period ending Sept. 30, 36 deals valued over $50 million were announced for the sector, with deal value up 64% in the third quarter, accounting for $46.6 billion, compared to $28.4 billion in the second quarter. Deal volume went up 6% from the second quarter, but down 36% from third quarter 2014.

Office Depot achieved impressive third quarter same-store sales growth and asserted that its merger with Staples could close as early as this year.

Walmart and Hobby Lobby top the retailer list of the first ever annual Faith Equality Index.

Faith Driven Consumer, a group that represents 41 million Christian consumers, has published an index rating the faith compatibility of major brands both in the consumer and entertainment spheres, as well as serving as a voice for this community.

The top executive over Health and Wellness of Walmart's U.S. division is leaving to join Brookdale Senior Living as its COO.

Labeed Diab will have responsibility for all aspects of Brookdale’s operations, including community and field operations, marketing and sales.

The top executive over Health and Wellness of Walmart's U.S. division is leaving to join Brookdale Senior Living as its COO.

Labeed Diab will have responsibility for all aspects of Brookdale’s operations, including community and field operations, marketing and sales. 

Mega deals worth more than $1 billion drove the U.S. retail and consumer sector’s strong third quarter, according to PwC’s U.S. quarterly R&C Deals Insights report.

During the three-month period ending Sept. 30, 36 deals valued over $50 million were announced for the sector, with deal value up 64% in Q3, accounting for $46.6 billion, compared to $28.4 billion in Q2. Deal volume went up 6% from Q2, but down 36% from Q3 2014.

DSW Inc. has promoted its omnichannel retailing chief to be its new CEO as the company positions itself for long-term growth.

The company said Roger L. Rawlins, executive vice president and CIO, will succeed Michael R. MacDonald as CEO effective Jan. 1. MacDonald, who is retiring from DSW and from the board of directors, will remain with the company through the end of the year to help ensure a smooth transition. Rawlins will be appointed to the DSW board effective Jan. 1. 

A private equity group better known for investing in established companies is creating a new dollar store brand after acquiring 330 Family Dollar stores from Dollar Tree.

Dollar Tree acquired Family Dollar earlier this year and to satisfy federal regulators, the company agreed to divest 330 Family Dollar stores. The acquiring company is a newly created portfolio company of the private equity firm Sycamore Partners called Dollar Express.