Corporate Governance

The cloud offers Dylan’s Candy Bar sweet growth possibilities
An information technology modernization effort at innovative candy retailer Dylan’s Candy Bar saw the company convert to the cloud and now the sky’s the limit.
CEO of discount department store chain going ‘undercover’ on popular TV show
A CEO who took over family business when he was 27 years old is the next retailer to be spotlighted on the CBS television show, “Undercover Boss.”

Sam Dushey heads up Shoppers World, a family-owned and -operated full-line discount department store chain headquartered in New York City. In his 10-year stint as CEO, Dushey has grown the business from eight stores to 40 locations across 11 states and up to $250 million in annual retail sales. Dushey is now looking expand the company to 500 stores.

7 ways CVS is driving growth in its stores

At CVS Health’s annual Analyst Day held Wednesday here, Helena Foulkes, CVS/pharmacy president, shared significant details on the progress CVS Health has made to drive growth in its stores.
Specialty retailer expands its global footprint

Charming Charlie opened its first location in the Philippines, at Bonifacio High Street Central Square.

The location showcases the brand’s newest retail store concept, and features signature double doors in vibrant pink lacquer and a residential-style interior that mixes feminine, mid-century accents with luxe materials and whimsical details.

In the Philippines, Charming Charlie is exclusively distributed by Stores Specialists, a member of SSI Group, Inc., which has further growth planned for the brand in Cebu and Manila next year.
Old Kmart becomes new Cub format

Supervalu’s Cub Foods division reimagined a former Kmart location in central Minnesota for a new format featuring a massive liquor store.
CVS Health enterprise on solid footing; raises midpoint of earnings outlook

At its annual Analyst Day in New York Wednesday morning, CVS Health raised the midpoint of its earnings outlook for 2016.
CVS Health finalizes Target pharmacy deal

CVS Health has completed its acquisition of Target’s pharmacy and clinic business for approximately $1.9 billion, the two companies announced Wednesday.
One thing on every retailer’s Christmas wish list

Life could be so much simpler for retailers and suppliers – and better for most consumers too – if federal lawmakers could find a way to grant the industry this one, not-so-simple, holiday wish.
Watters Creek to welcome Kendra Scott, complete third phase of development in 2016

Allen, Texas -- Trademark Property, announced that jewelry designer Kendra Scott will open at Watters Creek at Montgomery Farms, the 800,000-sq.-ft. mixed-use center in Allen, Texas. The 2,054 sq. ft. boutique, which will be located near White House | Black Market and Anthropologie, is slated to open in spring 2016.
Ikea gets OK for another store in Texas

The Lone Star State is going to get its fourth Ikea.

The City Council of Grand Prairie, Texas, has approved Ikea’s plans to build a second store in the Dallas-Fort Worth-area. Pending remaining approvals and permits, construction of Ikea Grand Prairie could begin fall 2016, with an opening in fall 2017. It will be the company’s fourth store in the state of Texas.
Largest U.S. furniture retailer celebrates milestone store — with 100 more on tap

Photo: (left to right) Thu Xuan, Thuy Nga, Duong Quoc Nam, Shari Wagner, Kevin Wagner, Minh Hua, and Robin Lim (PRNewsFoto/Ashley Furniture Industries, In)
A&P bankruptcy pushes central New Jersey retail vacancy rate up

The demise of The Great Atlantic & Pacific Tea Co. elevated the retail vacancy rate along central New Jersey’s major shopping corridors to 8.8% from 7.5% in 2014.

That’s according to the latest study by R.J. Brunelli & Co. Despite the uptick, the region’s 2015 vacancy factor remained a healthy distance from the 10.2% recorded in 2013 and the eight-year high of 10.5% set in 2011, but was well above the period’s low point of 4.8% posted in 2008.