Strategy

Fremont, Calif. -- The Men's Wearhouse has extended the expiration date of its tender offer for all outstanding common shares of Jos. A. Bank, in accordance with terms of the March 11 merger agreement. The offer and withdrawal rights are now scheduled to expire on April 9, 2014, unless further extended.

Sidney, Neb. -- Cabela’s Incorporated plans to open a store in Noblesville, Ind., serving the greater Indianapolis area. Construction is scheduled to begin later in 2014 and the store is expected to open in fall 2015.

The 80,000-sq.-ft. store will be located in the new Saxony Campus development adjacent to Hamilton Town Center. It will be Cabela’s second Indiana store, joining the Hammond location opened in 2007, and is expected to employ approximately 170 full-time and part-time employees.

Bentonville, Ark. – Wal-Mart is offering its largest outdoor living, lawn and garden event of the year, featuring Black Friday-like prices. Starting at 8 a.m. on March 21, through March 29, Walmart’s Spring Savings Event will offer its lowest prices of the season on more than 60 outdoor essentials.

Wal-Mart’s Spring Savings Event will include $1.97 per bag red, black or brown mulch as well as brand-name lawn mowers and grills for less.

With technology continuing to reshape the store experience, global retail real estate leader Simon Property Group is upping its digital game with the creation of a new venture capital group.

The company, which owns or has an interest in 325 retail properties encompassing 243 million square feet, has created Simon Ventures Group for the purpose of investing in retail innovation focused on opportunities that enhance the shopping experience.

Columbus, Ohio – Lane Bryant is opening a new store in Kennesaw, Ga. The store will be located in Town Center at Cobb, right next to the store's previous location at the mall.

The new store is slated to open March 21 and will have a grand opening celebration March 21-23.

Supervalu reduced its organizational structure from three divisions to two and name Kevin Kemp president of the east region and Bill Chew president of the west region.

The company did not indicate what roles Kemp and Chew played in the organization previously, but did note that the east region will be headquartered in Mechanicsville, VA and the west region will be based in Hopkins, MN near the company’s Eden Prairie headquarters.

New York — Warby Parker, the hip eyeglass brand, has leased the iconic retail space on the southeast corner of the intersection of Lexington Avenue and 82nd Street in the Upper East Side.

Winick Realty Group (www.winick.com) represented the landlord Samy Mahfar of SMA Equities in the transaction. Thor High Street Advisors represented Warby Parker.

Sizable new standalone sections of Disney brand consumer products have been created at 15 stores worldwide operated by the Army & Air Force Exchange Service (AAFES).

The merchandising initiative, dubbed “Disney at the Exchange” features a wide range of Disney, Marvel and Star Wars products and will be available in 15 AAFES installations by this summer. The assortment will include dolls, action figures, role play items and clothing, as well as toys and other merchandise tied to current Walt Disney Company theatrical releases and television content.