Strategy

Office Depot’s is looking to elevate its business performance with a range of new insights and operational capabilities resulting from an expanded relationship with Teradata.

Office Depot had an existing relationship with Teradata, a leading provider of analytic data platforms, marketing applications and related services, but its involvement with the technology leader is expanding at a time when Office Depot is looking to elevate its performance in the wake of last year’s merger with OfficeMax.

City of Commerce, Calif. – 99 Cents Only Stores is reopening six stores in California the weekend of Aug. 15 – Aug. 16. On Aug. 15, 99 Cents Only will kick off the grand re-opening celebration of its Concord, Poway and Sanger stores.

On Aug. 16, 99 Cents Only Stores will kick off the grand re-opening celebration of its San Bernardino, Escondido and Rohnert Park stores.

Gap posted positive comps in July for the four-week period ended August 2, buoyed by sales at Banana Republic; but preliminary second-quarter results show that comparable store sales were flat compared to the same period last year.

Net sales in July increased 5% to $1.17 billion compared with net sales of $1.12 billion for the four-week period ended August 3. For the second quarter, Gap Inc.’s net sales increased 3% to $3.98 billion compared with $3.87 billion for the second quarter last year.

Los Angeles – American Apparel has relocated its Aix-en-Provence store in France. Set in a former private hotel, the new location features an open, single floor layout and flower garden.

The shop maintains much of the building's early architecture including stone walls, a fireplace (transformed into a shoe display) and double front doors depicting the city's emblem of two lion faces. With history dating back to the 16th century, it marks the company's oldest interior in Europe.    

Columbus, Ohio -- DSW’s Affiliated Business Group division and Yellow Box Corporation have opened the first-ever Yellow Box Footwear store in California, at the Westfield Topanga Mall, in Canoga Park.

Founded in 1998, Yellow Box is a footwear wholesaler best known for its jeweled sandals for women. The Yellow Box retail concept made its debut in June, with a store in Miami.

Richardson, Texas -- Commercial real estate development and investment firm KDC announced that Regency Centers will build a 40,000-sq.-ft. store for Whole Foods Market in its CityLine Market development at KDC’s 186-acre mixed-use CityLine project in Richardson, Texas.

Polygroup Limited, Chartpak and Tru Vue were among the trading partners and service providers recognized by The Michaels Companies as Partners of the Year.
 
The arts and crafts retailers held a gala event in Dallas on August 7 and singled out 11 companies who demonstrated a commitment to surpassing expectations and continually providing excellence in service, quality and innovation.
 

Miami Beach, Fla. -- Terranova Corp. and Acadia Realty Trust have reportedly agreed to sell six retail buildings on Lincoln Road in Miami for $342 million. According to the Miami Herald, the buildings were purchased for a combined $191 million in 2011 and 2012, marking a $151 million profit in a few years.

Tenants include Starbucks, Fossil, and A/X Armani Jeans. The deal is with an unnamed institutional investor and is not yet completed. It ranks as the most expensive retail real estate transaction in Miami history.