Skip to main content

Strategy

  • Lowe’s approves $5 billion stock repurchase program

    New York -- A surging housing market is giving Lowe’s Cos. a feeling optimistic, to the tune of $5 billion.

    The company’s board of directors announced that it has authorized a new repurchase program of $5 billion of the company's common stock. This new repurchase program has no expiration date and adds to the previous program's balance, which was $2.4 billion as of Jan. 30.

  • DirectBuy names manufacturing vet as VP of sales

    Merrillville, Ind. – Membership-based buying club DirectBuy has named Curt Fisher VP of sales. He brings more than 20 years of experience customer relationship management in Fortune 500 companies, including the past three years as Chicago-area general manager of residential HVAC manufacturer Goodman Manufacturing.

  • The Melting Pot goes global with Indonesia location

    Tampa, Fla. – The Melting Pot Restaurants Inc. has opened its first restaurant outside of North America in Jakarta, Indonesia. The latest opening comes on the heels of the company announcing its plans for continued international expansion.

    The Melting Pot is on track to open its first restaurants in Dubai, United Arab Emirates and Riyadh, Saudi Arabia later in 2015, as well as its fourth location in Mexico City, Mexico.

  • Fresh & Easy to close 55 stores as it transitions to new convenience model

    New York -- Fresh & Easy plans to close 55 stores, which would leave the chain with about 110 locations, the Orange Country Register reported. Fresh & Easy is owned by the Yucaipa Cos., which bought the supermarket chain out of bankruptcy in 2013 from U.K. retailer Tesco. It operates stores in Nevada, California and Arizona.

    The stores slated for closing do not meet Fresh & Easy’s new model of “modern convenience.”

  • SEC to allow Wal-Mart vote on independent chairman shareholder proposal

    New York -- The Securities and Exchange Commission (SEC) rejected a request by Wal-Mart Stores to prevent shareholders from voting on a proposal to elect an independent board chairman at the retailer’s annual meeting in June.

    Wal-Mart had argued that the proposal, which was submitted by the International Brotherhood of Teamsters General Fund, should be omitted because it was vague in its standard of independence, according to Reuters. But the SEC rejected the argument.
     

  • McAlister’s Deli sees rising Phoenix franchise opportunity

    Alpharetta, Ga. - McAlister's Deli is targeting Phoenix for franchise growth. The fast-casual dining chain is seeking experienced multi-unit restaurant operators to help expand McAlister's presence in the market through multi-unit development agreements in areas such as Mesa, Tempe, Chandler, Gilbert, Glendale and Goodyear.

  • 4 things every retailer needs to know about mobile

    The rapid changes in the digital and mobile world are radically affecting consumer behavior, disrupting traditional means of retailer/consumer interaction and influencing buying behavior and payment options in an unprecendented way.

    Capitalizing on these technological innovations means keeping a close eye on the ways in which innovations in technology are turning the retail world upside down. There is no better way to do this than attend Mobile World Congress.

  • Papa Murphy’s plans Southeast expansion

    Vancouver, Wash. – Pizza retailer Papa Murphy's Holdings Inc. plans to strengthen and grow its presence in the Southeast.

    The company, which currently has more than 1,400 locations in 38 states, recently completed acquisitions of existing Papa Murphy's franchise stores in Jacksonville, Forida, as a springboard for further expansion throughout the Southeast.

X
This ad will auto-close in 10 seconds