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Trading Partners

  • Hurricane Grill & Wings on accelerated growth path

    West Palm Beach, Fla. — Hurricane Grill & Wings announced it has signed seven new domestic development agreements, adding commitments for 233 new restaurants to its 42 existing locations.

    The new development agreements will contribute to the company's accelerated growth plan with new locations in 15 states, including California, Illinois, Indiana, Iowa, Kansas, Nebraska, Maryland, Missouri, Ohio, Oregon, Pennsylvania, Texas, Virginia, Washington, Wisconsin and District of Columbia.

  • At investor conference, Safeway outlines dividend plan

    PLEASANTON, Calif. — Safeway on Tuesday said that it expects to earn $1.60 to $1.80 per diluted share during the quarter, after the company's board approved a $1.1 billion dividend from Canada to the United States.

     The dividend, Safeway said during its 2011 investor conference, will be used to pay off $600 million of U.S. debt, and the company will use the remainder of the dividend for share repurchases.

  • Road rage: proposed trucking regulations draw RILA’s wrath

    Reducing the number of hours truck drivers are allowed to spend behind the wheel sounds like it would be a good idea to improve the nation’s roadways, but nothing could be further from the truth, according the Retail Industry Leaders Association.

    The trade group is looking to defeat new rules proposed by the Federal Motor Carrier Safety Administration that includes a provision that would reduce to 10 from 11 the number of hours drivers are allowed to drive before taking a 34-hour break.

  • Orchard Supply names new CEO

    San Jose, Calif.  -- Orchard Supply Hardware on Monday named Mark Baker president and CEO. Baker will also join the Orchard Supply's board.

    In December the company announced it was looking for a replacement for then-CEO Rob Lynch, who resigned.  

    Baker was most recently president and COO of The Scotts Miracle-Gro. Before that he worked in various roles at The Home Depot and was CEO of Gander Mountain Co.

  • Skechers sues Sears

    New York City -- Skechers USA has sued Sears Holdings Corp, alleging that the chain was selling footwear that infringed on some of Skechers brands, including its toning Shape-ups line, Reuters reported.

    "While we value our relationship with Sears, their actions are causing us tremendous damage, and we simply cannot let any company, let alone a company the size of Sears, infringe on our most valuable intellectual property," Philip Paccione, general counsel of Skechers, said.

  • Aeropostale to expand in Asia

    New York City -- Aeropostale announced that it has signed a licensing agreement with Montreal PTE Ltd., a joint venture between Apparel Group LLC and Jay Gee Melwani Group, to open approximately 25 stores across Singapore, Malaysia, and Indonesia, over the next five years.

    The first store is scheduled to open in Singapore later this year.

  • J. Crew acquisition completed

    New York City -- J.Crew Group said Monday its $3 billion deal to be taken private by two investment firms is complete.

  • Family Dollar escalates private brand efforts

    The nation’s second largest dollar store chain may have rejected a buyout offer this week, but it struck a deal of another kind to help it grow sales of private brands.

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