Strategy

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., opened a new store in Lafayette, Louisiana, on June 27.  

The 21,000-sq.-ft. store is located in the Karam Shopping Center, a 100,238-sq.-ft. site at Evangeline Throughway and Willow Street.  
 

Dublin, Calif. -- Ross Dress for Less will open two new stores in the Raleigh, North Carolina, area on July 18.  The stores are located in the Wake Forest Crossing in Wake Forest, 15 miles northeast of downtown Raleigh, and the Shops at Cameron in Sanford, 50 miles southwest of Raleigh.  

These openings are part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.  
 

New York -- Kohl's has thrown its hat in the growing off-price market.
 
The company has officially debuted its new off-price format, Off Aisle by Kohl’s, with a test store in Cherry Hill, New Jersey.

Barnes & Noble is hoping that hiring a CEO with experience launching electronics products will help revive its Nook e-reader division.

The retailer has named Ronald D. Boire, currently president and CEO of Sears Canada Inc., to become the CEO of its new retail division.

Dublin, Calif. -- Ross Dress for Less will open new stores in Corbin, Kentucky, and in Middletown, Kentucky, both on July 18.  

The 22,000-sq.-ft. Corbin store is located in the Trademart Shopping Center at Highway 25 and Master Street.

The 25,000-sq.-ft. Middletown store is located in Middletown Commons at Interstate 265 and Shelbyville Road, 14 miles east of Louisville.  

Both are part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.  

San Jose, Calif. – PayPal Inc. is getting itself “in the money” with a major acquisition as the company prepares for its impending July 17 split from eBay Inc.

PayPal will purchase digital money transfer service Xoom Corp. for $25 per share in cash, or about $890 million.

QVC has named a Procter & Gamble veteran as its next business planning and analysis chief, as the company looks to maximize efficiencies and organizational synergy.

Washington, D.C. -- The National Retail Federation upped its criticism of President Obama’s proposal to extend overtime pay, saying it would turn “professionals into clock-watchers.”