Strategy

Cincinnati - Macy’s Inc. plans to relocate its West Sacramento, California-based direct-to-consumer fulfillment center to a larger facility in a nearby location in Sacramento County to support continued sales growth driven by its omnichannel strategy. Contingent on approvals by the Sacramento County Board of Supervisors, Macy’s will begin operations in summer 2015 at a 385,000-sq.-ft. facility, creating approximately 100 new jobs.

Macy’s plans to quadruple the size of a central California distribution facility that has played a key role in the execution of the retailer’s omnichannel strategy.

The company plans to relocate its West Sacramento, Calif., direct-to-consumer fulfillment center to a larger facility in a nearby location in Sacramento County to support continued sales growth driven by Macy's omnichannel strategy.

Guilford, Conn. -- The Fresh Market continues to grow its specialty grocery chain in the state of Connecticut with a new location slated for Guilford. The store, expected to open in late 2015, will be located in Guilford Commons, a new retail project being developed by Beechwood, Ohio-based DDR and situated near the intersection of Interstate 95 and Boston Post Road.  

Once opened, the Guilford Fresh Market will be the grocer’s third in the state, joining stores in Avon and Westport.

San Francisco -- Schneider Electric and Autodesk are teaming up to advance building information modeling (BIM) technology and principles for building lifecycle management. As part of the collaboration, the two companies are exploring ways to complement each other’s strengths to make buildings more energy efficient, from the design and construction stage and continuing through operation and end-of-life phases.

Seattle -- Starbucks Corp. has appointed Kevin Johnson as president and chief COO, effective March 1. He replaces the company's current COO, 23-year Starbucks veteran, Troy Alstead, who, as previously announced, will take a sabbatical beginning March 1. Over the next month, Alstead will work to immerse Johnson into his levels of responsibility as they work together to ensure a smooth transition.
 

Irving, Texas – The underwriters of a public offering of 18.8 million shares of The Michaels Companies common stock have priced it at $23.52 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2.82 million shares of common stock.

The selling stockholders will receive all of the net proceeds from this offering. No shares are being sold by the company.
 

Fort Worth, Texas - RadioShack Corp. announced that it received a continued listing standards notice from the New York Stock Exchange (NYSE) on Jan. 15. The retailer received the notice because its average market capitalization was less than $50 million during a period of 30 consecutive trading days and stockholders' equity of the company was below $50 million.

Bi-Lo Holdings has turned to a veteran Australian retail executive to take over as president and CEO.

The parent company of Bi-Lo, Harveys and Winn-Dixie grocery stores said that Ian McLeod has been appointed president and CEO effective March 2. McLeod succeeds Randall Onstead, who will remain in place through March 2.