Strategy

Tanger Factory Outlet Centers has closed on the sale of five non-core outlet centers for a total cash sales price of $150.7 million.

The five properties sold are located in Barstow, California; Kittery, Maine (two properties); Tuscola, Illinois; and West Branch, Michigan.

The CEO of The Container Store says the company is still on track to maximize profitability despite a disappointing second quarter that produced little sales and revenue growth.

The Texas-based chain reported that for the second quarter ended Aug. 29, revenue edged up 1.2% to $195.5 million. Net income fell by more than 60% to $2.67 million, with earnings of $0.06 per share, a penny less than the consensus forecast and down by more than half from last year's $0.14 per share showing.

Lifetime Fitness has selected a fixturing solution from Cubic Visual Systems for use in its pro shops.

“Their retail fixturing solutions seemed to offer the durability and design flare that we were searching for in our pro shops,” said Julie Yager, senior VP of Lifetime Fitness.

The Chanhassen, Minnesota-based fitness company, which has its own millwork resources, is using Cubic Visual Systems’ hardware resources in eight to 10 shops. Lifetime Fitness intends to work with Cubic Visual Systems going forward.

Troubled retailer Lumber Liquidators is reaching out to customers in a new and unusual way.

The company, which has experienced significant financial difficulty since 60 Minutes ran a report in March alleging dangerously high levels of formaldehyde in Chinese hardwood products it sells, is launching an online “Before and After” gallery.

Walmart Canada is joining forces with a C-store giant to make online shopping as convenient as possible.

In a pilot project, Walmart’s Canadian subsidiary is partnering with 7-Eleven Canada to expand Walmart Canada’s Grab & Go locker network to six 7-Eleven stores in the greater Toronto area.

Nearly a year after a massive data breach, the Home Depot is looking to a cybersecurity veteran to add expertise to its board directors.

The world's largest home improvement retailer said it has appointed Linda R. Gooden to the company's board of directors. Gooden will serve on the company's Audit and Leadership Development and Compensation Committees. Her appointment gives the company 12 directors, 11 of whom are independent.

A.R.E. (Association for Retail Environments) and POPAI (Point of Purchase Advertising International) have merged. The new association, which will be renamed in the coming months, creates one industry association representing all of the companies that provide end –‐to –‐end products and services for retail store environments and customer experiences.

Gelson's Markets is joining Smart & Final on the acquisition of some Haggen properties in Southern California.

Gelson's, a regional supermarket chain operating in Southern California, announced it is bidding on eight Haggen locations across five counties: Los Angeles County (Santa Monica); Orange County (Laguna Beach, Ladera Ranch); Riverside County (Rancho Mirage); San Diego County (Carlsbad, Del Mar, Pacific Beach); and Ventura County (Thousand Oaks).