Strategy

New York City -- Borders Group filed for Chapter 11 bankruptcy on Wednesday. The troubled bookseller plans to close 30%, or about 200, of its most underperforming stores during the next few weeks. The long-expected filing will allow Borders to access new capital and reorganize its operations, Borders Group president Mike Edwards said in a statement.

Walnut Creek, Calif. -- Grubb & Ellis Co. announced that John Sechser has rejoined the company’s Walnut Creek office as senior VP retail group.

Sechser returns to Grubb & Ellis after spending nearly 12 years with Colliers International, where he was a senior VP and co-director of the company’s Walnut Creek Retail division.
 

The nation’s leading auto parts and accessories retailer is offering a new delivery program through an affiliation with ShopRunner. According AutoZone, the agreement will ShopRunner will allow it to provided an enhanced online shopping experience because ShopRunner members are able to receive free and unlimited two-day shipping and returns from retail partners.

El Segundo, Calif. -- Fresh & Easy Neighborhood Market has added four more GreenChill certified stores this year, including a Gold certified store opening Wednesday in Oceanside, Calif.

Fresh & Easy opened its first GreenChill certified store in September 2010, and now has a total of eight stores currently certified through the program -- the most of any grocer in the country. Only 45 of the nation’s more than 35,000 grocery stores have received GreenChill Store Certification awards.

JACKSONVILLE, Fla. — Operations at Winn-Dixie Stores continued to improve across the second quarter, helping to drive shares up by 11 cents to $6.92 per share in mid-day trading.

“Overall I feel good about our progress this quarter,” Peter Lynch, Winn-Dixie chairman, CEO and president, told analysts Tuesday morning during a conference call. “[We] continued to improve sales through strategic adjustments to our promotional activity.”

ATLANTA -- The Home Depot announced it will hire more than 60,000 seasonal associates in time for its second annual Spring Black Friday event.

Like the traditional Black Friday that occurs the day after Thanksgiving to unofficially start the holiday shopping season, The Home Depot's Spring Black Friday marks the start of home improvement's busiest shopping season -- the spring. 

Atlanta -- The Home Depot said Tuesday it will hire more than 60,000 seasonal associates in time for the company's second annual Spring Black Friday event.

The retailer will implement the spring promotion market-by-market over four different weekends in the spring. The event marks the start of home improvement's busiest shopping season. 

Dayton, Ohio -- Parmida Home said Tuesday it will open its fifth retail store in the Greene shopping center, located in Dayton, Ohio, on April 1.

“We are very excited to grow in the Dayton area,” said Parmida marketing director Siotha Vest.