Strategy

New York -- The International Council of Shopping Centers named a 26-year Deloitte veteran as the fourth individual to lead the global trade association in its 58-year history.

Thomas (Tom) McGee, currently vice chairman, Deloitte LLP, was appointed president and CEO of ICSC, effective Sept. 21. He succeeds current ICSC President and CEO, Michael P. Kercheval who announced his retirement earlier this year.

Staples is injecting more starpower into its latest promotion aimed at supporting education.

The retailer is building on its decades-long support of teachers, students and education by funding 176 local classroom projects in New York City, as part of its recent $10 million pledge to Think It Up, a new national initiative of the Entertainment Industry Foundation that seeks to inaugurate a new movement in support of students, teachers and schools, helping to create a culture of excitement about learning everywhere in America.

Cedar Hill, Texas -- Trademark Property Co. announced that it has broken ground on its multi-million dollar renovation of Hillside Village, formerly Uptown Village at Cedar Hill, located in Cedar Hill, Texas.

As Target moves to reimagine the shopping experience for customers who visit its stores, the retailer has applied for two liquor licenses for a future store in Chicago.

USA Today reports that the company has applied for packaged goods and consumption on premises licenses.

The retailer may be trying to follow the lead of Kroger, Duane Reade and other retailers looking to expand their alcoholic offerings, which could pose operational challenges at these stores.

Boise, Idaho -- Haggen’s acquisition of 146 Albertsons and Safeway stores is shaping up as a disaster and the reasons why are detailed in a new lawsuit that puts the blame squarely on the parent company — Albertsons Holdings — of the divested stores.

Toronto – Real estate transactions helped Sears Canada swing to a profit in the second quarter even as revenue and same-store sales decreased.

The retailer on Wednesday reported net earnings of $13.5 million, compared to a net loss of $21.3 million the same quarter a year earlier. The company, which has been working to turn around its business, also announced additional cost-cutting plans and real-estate sales.

Louisville, Ky. -- A new off-price outlet concept that opened its first store in November 2014 is expanding.

Retail4LESS announced the opening of two new locations in Kentucky — one in Madisonville, and the second in Franklin — with both due to open in the late fall.

The opening of the two new stores will mark the first new stores for the off-price retailer since the launch of its inaugural location last year, in its home base of Louisville.

Build-A-Bear Workshop is embarking on an effort to make its iconic in-store experience more fun than ever for kids of all ages with the opening of a new format at America's largest shopping mall.

Part of a company-wide brand refresh, the reformatted store, located on the first level in the north wing, officially re-opened its doors this morning after a multi-month renovation. The ribbon-cutting ceremony featured special guests from Parents in Community Action, Inc., a private, nonprofit that operates Head Start and Early Head Start programs in Hennepin County, Minn.