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Strategy

  • Jersey Gardens to get makeover and new brand identity

    Las Vegas -- Jersey Gardens, the largest outlet mall in New Jersey, is getting a makeover and a new brand identity. The 1.5 million-sq.-ft. center, in Elizabeth, N.J., will be rebranded The Outlet Collection/Jersey Gardens as part of a new strategy by developer Glimcher Realty Trust to introduce a new brand designation for its outlet centers going forward.

  • Legal expert joins Sears Canada board

    Toronto — Sears Canada has named Don Ross to its board of directors, effective immediately.  Ross is a partner at a prominent law firm in Toronto and is a member of the Law Society of Upper Canada, the New York State Bar Association, and the Canadian, American and International Bar Associations.

    Sears Canada also announced today the resignation from the board of Deidra Merriwether, SVP and president retail services of Sears Holdings.

  • Lowe’s reports sales, earnings gains on warmer weather

    New York -- Lowe’s reported net earnings of $527 million for the quarter ended May 4, a 14.3% increase over the same period a year ago.

    Sales for the quarter increased 7.9% to $13.2 billion, from $12.2 billion in the first quarter of 2011.

    Comparable-store sales for the quarter increased 2.6%, while comparable-store sales for the U.S. business increased 2.7%.

  • Simon to provide update on Walmart U.S. at retail conference

    Bentonville, Ark. — Walmart U.S. CEO Bill Simon will provide an update on the company's U.S. business at the Morgan Stanley Retail and Restaurants Conference in Boston on Wednesday, May 23.

    The presentation will be webcast live through links at Walmartstores.com/investors and a transcript will be available later in the week. The materials will be archived for one year on the company’s website.

  • No more child's play for American Eagle

    PITTSBURGH — American Eagle Outfitters is getting out of the children's business, announcing Friday that it is exploring a full or partial sale of 77kids, which includes 22 stores and the online business.

    Robert Hanson, CEO of American Eagle Outfitters stated, “Although making this decision is disappointing, it is in the best interest of the company and our shareholders to prioritize and focus our efforts on businesses with the highest return potential. We thank the 77kids team for their hard work, passion and dedication.”

  • Retail real estate’s biggest show kicks off

    Las Vegas -- On Monday morning, RECon 2012, the International Council of Shopping Centers’ annual retail real estate convention in Las Vegas, kicks off with an expected 31,000+ attendees from around the globe.

    Running through Wednesday, May 23, RECon will encompass three halls of the Las Vegas Convention Center – or over 1 million sq. ft. – with more than 1,000 companies exhibiting and highlights such as The Cities of the World Pavilion and a keynote presentation by Leslie H. Wexner, founder of Limited Brands.
     

  • American Eagle Outfitters to exit 77kids brand

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