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Corporate Governance

  • Report: Big Lots working on 'fun' new store design

    Big Lots is looking to attract shoppers with more than deep discounts.   The retailer is working with Big Red Rooster, Columbus, Ohio, and Alloy, Westerville, Ohio, to develop a store of the future, according to a report in The Columbus Dispatch.  

  • Closing time for the Limited?

    As the new year begins, it’s not looking very good for the ailing Limited Stores.   Reports are coming in from around the country of Limited store closings, The Columbus Dispatch reported. In Florida, some stores closed after business hours on Christmas Eve.  

  • In San Antonio, adaptive re-use continues brewing

    Early in the 20th Century, the Pearl Brewery in San Antonio was the largest in Texas, and it continued to be a renowned site in the city until brewing operations were shut down in the 1980s. It remained vacant until Rio Perla purchased it in 2001 and set about transforming it into the Pearl Brewery/Full Goods Warehouse, a 26-acre mix of residences, retail, offices, and gathering places.   

  • Grocery retailer gets EPA Platinum certified

    New Seasons Market in Mercer Island, Washington, has gone platinum.    The new supermarket received EPA GreenChill Platinum Certification for its efforts in reducing refrigerant emissions (by at least 95%). The 37,000-sq.-ft. store uses a natural refrigerant solution designed for minimal greenhouse gas emissions and superior energy efficiency.   

  • Report: Last-minute shopping boosts holiday spending

    Holiday procrastinators may have saved retailers this year.       A jump in consumer spending in the final home stretch helped to offset a slow start to the U.S. holiday shopping season, and is likely to help many retailers beat sales forecasts, Reuters reported.    

  • British online fashion retailer makes bid for Nasty Gal

    Los Angeles-based Nasty Gal, which filed for bankruptcy protection in November, may soon have a British owner.   Boohoo.com is bidding $20 million (£16.3 million) for the brand and its customer databases as the “stalking horse” candidate. Based in Manchester, England, Boohoo specializes in fast-fashion and targets teens and young women, the same audience as Nasty Gal.      

  • Sears announces new round of store closings

    Sears Holdings’ store portfolio continues to shrink.   The struggling retailer told employees on Tuesday that it will close 30 Sears and Kmart stores in early 2017, reported Business Insider.  

  • Fred’s swallows poison pill

    Fred’s Inc. is playing defense.   The Memphis-based retailer on Tuesday adopted a shareholder rights plan, or “poison pill,” less than a week after news surfaced that an activist investor had amassed a big stake in the company. It also comes approximately one week after Fred’s announced it had agreed to purchase 865 divested Rite Aid stores as part of the expected Walgreens Boots Alliance-Rite Aid merger. The acquisition would more than double Fred’s store count.   
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