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Strategy

  • Record results for Ace Hardware

    Ace CEO John Venhuizen

    Even with one less week in the calendar year, Ace Hardware Corp. ran up its wholesale sales to a record $5.0 billion. Along the way, the Oak Brook, Illinois-based co-op delivered a pre-tax return on equity of 33%.

    “I'm honored to report the third consecutive year of record financial performance for the company," said John Venhuizen, president and CEO.

  • Online marketplace Etsy outlines path to profitability

    Etsy’s goal of “reimagining commerce,” is a long-term proposition, which explains why after the company lost money again in the fourth quarter it tempered the news with a rosy three year sales and profit forecast.

  • Heidenberg Properties celebrates Southport's silver anniversary

    Shirley, N.Y. -- Heidenberg Properties announced that its Southport Shopping Center, located in Shirley, New York, marks its 25th anniversary. The center is 100% leased, anchored by Marshalls, Petland and Kohl's.

    The center first opened to the public in 1990 with original anchors Caldor and Waldbaum's. Over the years, the retail mix has evolved and the center has expanded from 207,000 to 299,000 sq. ft. The first major expansion was the addition of a 33,000 square foot Sears Hardware in 1998.

  • Consumer confidence slips in February

    Consumer confidence fell into a slump in February, driven largely by a less optimistic view of business conditions.

    According to the Conference Board, the index currently stands at 92.2, down from 97.8 in January.

  • Build-A-Bear Workshop adds toy, social media expertise to board

    Build-A-Bear is adding two new board members whose backgrounds should serve the company well as it moves forward with its transformation plan.

    Build-A-Bear announcedthat Tim Kilpin and Sarah Personette have been appointed to the company’s board of directors.

  • Whole Foods to take Instacart partnership to new level

    Whole Foods Market has been offering deliveries via Instacart in select markets for about a year, but reportedly is significantly extending the scope of the deal.

    According to Re/code, Whole Foods has at least in principle made an unspecified investment in Instacart. Whole Foods has also reportedly signed a five-year deal making Instacart its exclusive perishables delivery provider.

  • Stein Mart details store expansion plans

    Just a few weeks after reporting sales growth of 3.2% for 2015, Stein Mart is embarking on the first phase of its 2016 store expansion plan.

    The Florida-based retailer plans to open 12 new stores this year, with five of those stores scheduled to open this spring.

  • CBRE ranked among Fortune Magazine’s most admired companies for fourth consecutive year

    Los Angeles -- CBRE Group announced that it has been ranked among Fortune’s Most Admired Companies in the real estate industry for the fourth consecutive year.

    Fortune rates companies on attributes related to corporate performance. In the 2016 program, CBRE was the top-rated real estate firm for people management and also scored notably well on quality of services, quality of management, financial soundness and innovation. Overall CBRE achieved a score of 6.69, up from 6.23 in 2015.

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