Strategy

For many retail brands, Chapter 11 is not always the end of the story. Just consider the sequel being crafted by home furnishings retailer Bombay Company, which was founded in 1978 as a mail-order operation and grew to a national presence with 461 stores before filing for bankruptcy in late 2007 and closing all its U.S. locations.

Brookshire Brothers has launched a comprehensive lighting update involving in-store, parking lot, exterior signage and refrigerated case fixtures.

Using a combination of new linear fluorescent lighting and LED technologies — from GE Lighting, East Cleveland, Ohio — Brookshire Brothers will reduce its annual operating costs more than $235,000. The relamping has eliminated more than 3.8 million lbs. of CO2 emissions, with a reduction of 2.4 million kilowatt hours (kWhs) in electricity use.

Parking lot maintenance is taking top billing in retail, as a growing number of facilities managers realize that extending the life cycle of an existing parking lot paves the way toward reduced expense in the long run.

Chain Store Age talked with Rose Paving’s C.B. Kuzlik about retail’s renewed focus on maintenance in today’s cost-conscious climate.

What role does weather play in parking lot management?

Blending multiple components in a single development isn’t a new idea. In fact, the Urban Land Institute first turned the phrase “mixed use” some 30 years ago, defining it as three or more significant revenue-producing uses in a single project.

Retail has weathered the recessionary climate, but a quick temperature check will tell you that renovations continue to trump new builds even in a recovering economy.

San Jose, Calif. -- Orchard Supply Hardware Stores Corp. said Friday it will add two California stores to its rollout of a new neighborhood format, with the grand re-openings of a pair of stores in the company’s hometown of San Jose on Oct. 6.

Both stores have been operational for years, but the company said that the reformatting is so significant that they would be marked by grand re-opening celebrations.

San Juan -- Taubman Centers and New Century Development announced Friday the groundbreaking on the 650,000-sq.-ft. Mall of San Juan, the island's first luxury retail development. The $405 million, two-level mall will feature the first Saks Fifth Avenue and Nordstrom in the Caribbean.  

Of the approximately 100 stores and restaurants, it is expected that 60% will be new to the island.

Atlanta -- The Home Depot said Friday it has named Mark Vadon, co-founder of online jeweler Blue Nile, to its board of directors.

Vadon will serve on the audit and finance committees. His appointment gives the company 11 directors, 10 of whom are independent.

New Delhi, India -- A Friday report by the Wall Street Journal disclosed that Wal-Mart Stores Inc. expects to open its first retail stores in India within the next 12 to 18 months.

In an interview with WSJ, Scott Price, Asia president and CEO of Wal-Mart, said that the retailer has not pinpointed where the first stores will be located or ultimately how many there will be. But the latest decision handed down by the Indian government allowing megastore retailers to enter the country via joint ventures paved the way for the impending openings.

New York -- Two U.S. retailers took home top honors at the 2012 World Retail Awards in London, with Costco Wholesale Club named “Retailer of the Year,” and Macy’s recognized as “Multichannel Retailer of the Year.” The awards were announced as part of the 2012 World Retail Congress.