Skip to main content

Strategy

  • CBL & Associates Properties names former Target exec to board

    Chattanooga, Tenn. -- CBL & Associates Properties, Inc. announced the appointment of John Griffith to its board of directors. Griffith fills the unexpired term of Tom DeRosa, resulting from his retirement from CBL's board effective Jan. 7.

    Griffith served as executive VP of property development for Target Corporation until his retirement in May 2014. He joined Target in 1999, and played an instrumental role in its expansion and the development of new store prototypes and formats.

  • Four 2015 Retail Trends You Haven’t Already Heard About

    By Dave Weinberger, CBX

    Have you read any 2015 retail trend forecasts lately? Let’s face it, many so-called trends for the year ahead — the need to focus on things like mobile payment, customization, foodservice, smaller formats or millennial shoppers, to name a few — are at this point just the cost of doing business.

  • REI veteran is new Bartell Drugs president

    Bartell Drugs has selected former REI executive Brian Unmacht as its new president.

    Prior to joining the 63-store pharmacy retailer, Unmacht served as REI’s EVP and CEO. He has served as a member of Bartell Drugs’ board of directors since 2011.

    Bartell Drugs’ chairman and CEO George D. Bartell said that filling the position at the family-owned company supports future succession plans as it celebrates its 125th anniversary in 2015. Bartell Drugs is the oldest and largest family-owned drug store chain in the United States.

  • Zulily mulls closing U.K. operations

    Seattle --  A Seattle-based flash sales site may just be sputtering overseas, as a Forbes report on Thursday said that Zulily may shutter its United Kingdom operations, which currently serve as the concept’s first and only international office. According to Zulily CEO Darrell Cavens in a Forbes interview, changes in the apparel flash site’s international focus has led the company to consider its options.  

  • Best Buy Canada sells private label cards to Desjardins

    Burnaby, Canada - Canadian financial cooperative Desjardins Group is acquiring both the Best Buy Canada and Future Shop private-label credit card portfolios from Best Buy Canada Ltd. Along with the two branded credit card portfolios, Desjardins will also be acquiring most outstanding loans and client accounts.

    In addition, all Best Buy Canada and Future Shop stores nationwide will offer Desjardins' Accord D financing, a product to finance in-store purchases.

  • Wet Seal closing 338 stores, laying off nearly 3,700 employees

    Foothill Ranch, Calif. -- The Wet Seal announced it would 338 stores, or about 66% of its total portfolio, “on or about” Jan. 7, resulting in the termination of some 3,695 full and part-time employees. The struggling teen apparel retailer said the decision to close the stores was based on its overall financial condition and an inability to negotiate meaningful concessions from its landlords.   

  • Billabong transforms supply chain with GT Nexus

    Oakland, Calif. – Teen lifestyle brand Billabong is positioning its supply chain on the GT Nexus platform to support transformation of its wholesale and retail businesses. Billabong will connect suppliers and trading partners in a cloud-based network to facilitate and automate processes for supply chain financing, order collaboration, invoice management, in-transit visibility and payment management.

  • Supervalu tops expectations as profit more than doubles; sales up across segments

    Minneapolis -- Supervalu Inc.’s third-quarter profit more than doubled as the supermarket chain experienced sales growth in all three of its business segments. Its results beat analysts' expectations.

    Supervalu reported an overall profit of $79 million for the quarter ended Nov. 29, up from $31 million a year earlier. Revenue rose 4.8% to $4.2 billion.

X
This ad will auto-close in 10 seconds