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Strategy

  • Ikea eyes second Denver location

    Ikea has tabbed a 123-acre parcel 17 miles north of downtown Denver as the potential site of its second location in the metro. The Swedish furniture retailer made its debut in the area with a store in Centennial in 2011.   Ikea set no time frame for the opening of the second store, though the city of Denver has begun the process of incorporating a new Ikea into the master-planned retail center destined for the site in Broomfield at the intersection of Interstate 25 and State Highway 7.  

  • Weis Markets begins aggressive expansion into Baltimore market

    Weis Markets on Thursday announced it has converted and reopened five former Mars Super Markets as Weis Markets stores located in Baltimore County, including two locations in Dundalk and individual units in Essex, Arbutus and Carney.  

  • Fred’s sales take a hit in July

    Fred's Inc. saw July sales drop 7% to $154 million, compared to $165.6 million in the same period last year.    Comparable store sales for the month declined 4.6%, compared with an increase of 0.7% in the year-earlier period.   Fred's total sales for the second quarter of fiscal 2016 decreased 3.4% to $527.7 million, from $546.1 million for the same period last year. On a comparable store basis, second quarter sales decreased 2% versus an increase of 0.9% for the year-earlier period.

  • HSN taps moves c-suite exec to anchor Cornerstone division

    HSN’s CFO and COO is taking a new job, but she won’t have to travel far.   Judy Schmeling has assumed the helm of the Cornerstone Brands division of HSN, which consists of home and apparel banners such as Frontgate, Garnet Hill, Grandin Road and TravelSmith.    Schmeling, who will continue to report to HSN CEO Mindy Grossman, will maintain her COO position at HSN, and she will remain CFO until a successor is appointed.  

  • HSN moves c-suite exec to anchor Cornerstone division

    HSN’s CFO and COO is taking a new job, but she won’t have to travel far.   Judy Schmeling has assumed the helm of the Cornerstone Brands division of HSN, which consists of home and apparel banners such as Frontgate, Garnet Hill, Grandin Road and TravelSmith.    Schmeling, who will continue to report to HSN CEO Mindy Grossman, will maintain her COO position at HSN, and she will remain CFO until a successor is appointed.  

  • Menear says Home Depot plans to stay on a roll

    Thanks to homeowners who are sitting on their houses and Millennials who are starting to buy some, Home Depot CEO Craig Menear sees a rosy revenue picture ahead for home centers. 

  • Publix reports a 2.1% sales boost in Q2

    Publix’s sales for second quarter 2016 were $8.1 billion, a 2.1% increase from last year’s $8 billion. Comparable-store sales for second quarter 2016 increased 1.1%.    The company says sales were negatively impacted by 1.2% due to the effect of the Easter holiday being in the first quarter in 2016. In 2015, the effect of the Easter holiday was in the second quarter.  

  • Sally Beauty meets Q3 forecasts; names cyber-security expert to board

    Sally Beauty Holdings Inc. reported fiscal third-quarter earnings of $67.9 million, which matched Wall Street expectations.    Revenue for the period was $998.2 million, missing Street forecasts of $1 billion.   In other news, the Sally board named global cyber security expert Erin Nealy Cox as an independent director, effective Aug. 1.   
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