Strategy

Students at Boston University have a new, convenient shopping option.   Target Corp. has opened one of its smaller format stores adjacent to the West Campus section of the university, reported BU Today. Similar stores are set to open in the coming months near the University of Chicago and at Penn State.   The 16,000-sq.-ft. Boston store carries merchandise specifically geared toward college students, from food staples like ramen noodles to bedding and bath essentials.  

On the heels of announcing plans to open smaller, “local” stores, lululemon athletica hopes to further extend the breadth of its brand by expanding its ship-from-store service — just in time for the upcoming holiday shopping season.    The program, which currently encompasses 11 stores, will grow to 65 locations, a move that will streamline fulfillment of online orders, Laurent Potdevin, lululemon’s CEO, said during the company’s fiscal second quarter 2016 earnings call last week.  

Francesca’s Holdings Corp. posted better-than-expected sales and earnings for its second quarter, helped in part by higher online sales.   The retailer reported a profit of $10.6 million, or 27 cents a share, compared with a profit of $9.3 million, or 22 cents a share, in the year-ago period.      Sales increased 9% to $115.3 million, helped by a net gain of 44 stores over the year-ago period. Online sales rose 37%.    

A pioneer in mobile ordering and payment capabilities, Subway is making a bold move to keep its digital strategies innovative.  

Kohl’s comprehensive omnichannel distribution network is about to get even bigger.   The department store chain is preparing to open a new distribution center in Plainfield, Ind., just in time to manage the 2017 holiday season.  

Photo: Noel Mannion   Noel Mannion, who spent the bulk of his career with the National Realty & Development Corp., has been named the Purchase, New York-based company’s executive VP of property operations.   Mannion, previously managing director of operations, will be responsible for overseeing budgeting, maintenance, repair and improvement projects, billing, lease administration, and risk management for NRDC’s portfolio of more than 78 projects in 14 states.  

Pacific Sunwear of California Inc. has won court approval to exit Chapter 11 bankruptcy.   The chain’s reorganization plan was approved by the court on Tuesday. Under the plan, the chain will give all its stock to affiliates of private equity firm Golden Gate Capital, its senior lender.   

PayPal Holdings has expanded its growing foothold in physical retail.    The payments services company has entered into a partnership with MasterCard that will allow shoppers to use PayPal’s services in stores. In July, PayPal signed a similar agreement with Visa.