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Strategy

  • Conn's to open new stores; names board member

    Conn’s is planning tomake investments in technology, credit and personnel in 2016 as the retailer looks to expand its footprint with some 10 to 15 new stores and improve profitability.

    For the fourth quarter ended Jan. 31 the retailer said revenues increased 7% to $456.8 million. Same store sales decreased 1.7%. Conn's said its credit segment operating loss increased from $11.3 million to $19.3 million, driven primarily by bad debts.

  • Ex-PwC partner joins Children's Place board

    The Children’s Place has appointed an expert in financial auditing to its board.

    The compay said John E. (“Jeb”) Bachman has been named to the company’s board of directors, effective immediately. Bachman will serve as an independent Class I Director and will stand for election at the 2016 Annual Meeting of Stockholders. Bachman will serve on the audit committee.

  • CityCenter enters into agreement to sell The Shops at Crystals in Las Vegas

    Las Vegas -- CityCenter Holding -- a venture between MGM Resorts International and Infinity World Development Corp. -- announced that it has entered into an agreement with a venture led by Invesco Real Estate and Simon Property Group to acquire The Shops at Crystals in Las Vegas, for a purchase price of approximately $1.1 billion.

  • Foot Locker treads new territory on Wall Street

    Following a record performance in 2015, Foot Locker has become the newest member of the S&P 500 index, which bodes well for the performance of the company’s share price.

    After the close of trading on Friday, April 1, Foot Locker will replace oil and gas equipment services provider Cameron International as the newest constituent in the S&P 500 index, according to a statement by S&P Dow Jones Indices LLC, a part of McGraw Hill Financial. A spot on the S&P 500 index opened up after Cameron was acquired by Schlumberger Ltd.

  • Petco adds new leadership to accelerate growth plans

    Petco has added two key leaders to its executive ranks and expanded the role of its supply chain chief.

    The company announced that it has hired Jodi Watson as senior VP, Petco Direct, and Spencer Insolia as VP, Petco and president, Doctors Foster & Smith. The company has also named John Carcasi as senior VP, supply chain & merchandise planning, expanding his previous role to encompass all supply chain and inventory related activity across the company.

  • Instacart maintains busy 2016 pace

    Online delivery service Instacart is launching its first expansion of 2016 – and it’s a big one.
     
    Instacart is now offering deliveries in as little as one hour from Whole Foods Market, Gelson’s Market, Stater Bros. Markets, Ralphs, Smart & Final, Costco (no membership needed), Petco, and H Mart to residents of Orange County, California. Whole Foods will offer delivery via Instacart at prices that are the same as shoppers find in-stores.
     

  • Baker Katz breaks ground on redevelopment totaling 33,000 sq. ft.

    Atascocita, Texas -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm specializing in retail tenant representation, investment sales, and project development and leasing, announced that it has broken ground on the redevelopment of two buildings totaling 33,000 sq. ft. on 4.5 acres of land located Atascocita, Texas.

  • A different kind of drone rolls into Walmart’s backyard

    A major experiment is set to begin soon on the campus of the University of Arkansas that could determine how retailers use robots, also known as autonomous terrestrial drones, to make deliveries.

    Beginning April 1, London-based Starship Technologies will be turning heads on the rolling hills of the University of Arkansas campus as an important experiment gets underway to gauge human interaction with autonomous land-based vehicles.

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