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Strategy

  • Publix looking to enter D.C. market

    Publix has hired a broker and is actively looking for sites in the Washington, D.C., area, according to a new report. 

    The Washington Business Journal reported that the Florida-based grocery chain had a booth at the International Council of Shopping Centers’ Mid-Atlantic Dealmaking and Conference last week in Southern Maryland.  Publix spokeswoman Kim Reynolds told the publication that indeed, the chain is looking to open stores throughout Virginia, including in Northern Virginia. 

  • Ex-Walmart, Sears exec joins Conn's board

    Conn's is adding two independent directors with deep retail expertise to its board.

    The company announced that James Haworth and Oded Shein have been appointed as independent directors.

    “Jim and Oded are proven leaders with more than a half century of combined retail experience,” said Theodore M. Wright, non-executive chairman of the board, Conn’s. “They add even greater depth to our Board as we continue implementing Conn’s strategic plan.”

  • Report: Hy-Vee invests $3.6 million in new training center

    Hy-Vee invested $3.6 million in a new training center for employees and to serve as a headquarters for the Hy-Vee Aisles Online, the company's online grocery division, KCCI Des Moines reported earlier this week. "We are excited to have a creative environment and innovative tools to help grow our future store leaders," stated Denise Broderick, VP education/training for Hy-Vee. "We understand that growing and improving our workforce is crucial to our company’s continued success.

  • NRF tells Fed to lower swipe fees further

    The National Retail Federation is pressing for a further reduction in per transaction fee banks charge retailers when customers use debit cards five years after the Federal Reserve cut the fee in half.

    In a letter the National Retail Federation sent to the Federal Reserve the trade group said the cap on debit card swipe fees enacted by the Federal Reserve five years ago has helped reduce costs for retailers and consumers but is still higher than intended by Congress and should be lowered.

  • Ross Dress for Less expands in Tennessee

    Ross Dress for Less opened a store in Sevierville, Tennessee, on March 5.

    The 25,000-sq.-ft. store is located in Sevierville Commons, 20 miles southeast of Knoxville at the southeast corner of Winfield Dunn Parkway and Old Douglas Dam Road.

    The opening is part of the retailer’s 2016 expansion program, totaling about 70 new locations during the year.

  • Dollar General to open 1,000 stores in 2017

    Dollar General will break its own record for store expansion in 2017. And that’s saying a lot.

    The discounter is already in high gear, with plans to open a record 900 stores and remodel or relocate about 875 existing locations in 2016. But it’s upping the total for 2017, forecasting some 1,000 new stores and 900 remodels or relocations, which is in line with its model of 6% to 8% square footage growth.

  • CEO of REI joins Williams-Sonoma board

    Williams-Sonoma has added some brand-building and specialty retail operations expertise to its board with the election of REI CEO Jerry Stritzke.

    “We are thrilled to have Jerry join our board,” said Adrian Bellamy, chairman of the board of Williams-Sonoma Inc. “He brings extensive specialty retail experience that we believe will add great value to our board.”

  • Phillips Edison Grocery Center REIT II, Inc. and TPG Real Estate announce partnership

    Cincinnati -- Phillips Edison Grocery Center REIT II and TPG Real Estate announced the formation of a partnership to acquire high-quality, value-added grocery-anchored shopping centers throughout the United States. The Partnership will invest up to $250 million of equity and plans to leverage this capital to achieve a $750 million acquisition target.

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