Corporate Governance

The Taylor McMinn team of Marcus & Millichap sells $4.2 million
Dallas, Ga. -- Marcus & Millichap announced the sale of a 17,930-sq. ft. CVS Strip Center in Dallas, Georgia, for $4.2 million. The property is 70% anchored by CVS Health with a 15-year corporate-guaranteed double-net lease.
Chambers Group announces new partner to lead second location
Charlotte, N.C. -- The Chambers Group, an X Team International partner and full-service real estate brokerage firm announced that Jenn Olevitch-Roberson has joined the company as partner to lead the company’s second location in Raleigh, North Carolina. The office will open Oct. 1, and, over the course of the next 12 months, The Chambers Group will add approximately six new and seasoned brokers to their team in Raleigh.

Meijer treads lightly with Skechers expansion

Six months after opening a Skechers concept shop, Meijer is taking the next step in what appears to be a more ambitious rollout of the branded shop to additional footwear departments.
Ross Stores continues aggressive store growth

Ross Stores Inc. is continuing an aggressive growth strategy for both its Ross Dress for Less and DD’s Discount banners. The new store openings are part of the retailer’s 2015 expansion program, totaling approximately 90 new locations during the year.

Ross Dress for Less will open four new stores on Oct. 10. These include two new stores in the Chicago area: a 25,000-sq.-ft. store in Palatine located in the Deer Grove Centre, and a 24,000-sq.-ft. Joliet store is located in Joliet Commons.
Supermarkets for sale in western U.S.

The bankrupt Haggen supermarket chain has listed 111 locations for sale, many in California, as the company looks to refocus its operations on 37 stores in the Pacific Northwest.
Tech Bytes: Three EMV Issues That Remain Unresolved

As of Oct. 1, retailers who do not comply with the Europay, Mastercard, Visa (EMV) security standard that relies on embedded chips in payment cards face a shift in card fraud liability. Many EMV issues have not yet been resolved. Here are three big ones:

Swipe left out
Retailers have been warned repeatedly that if they do not implement EMV-compliant POS terminals, they will bear liability for any fraud resulting from an EMV card transaction.
Running Specialty Group to unify all stores under one brand

The Running Specialty Group is uniting its various store banners under one of its newest brands: JackRabbit.
What’s next? CART helps retailers find the answer

A new marketplace has launched with the goal of helping retailers and suppliers keep up with the blistering pace of innovation that is transforming their world.
Bed Bath & Beyond looks to future

Between new formats, e-commerce efforts and supply chain initiatives, interesting times are ahead for Bed Bath & Beyond – even if second quarter sales were weak and profits declined.
Smart & Final to open 100-plus stores in four years

Smart & Final celebrated the one year anniversary of its public stock offering by telling investors a growth story about differentiation and new store expansion.

Smart & Final, a uniquely positioned operator of 266 warehouse style stores, has plans to open 100 new stores in the Western United States during the next four years. CEO Dave Hirz dropped that bombshell while he and other senior members of the company were at the New York Stock Exchange to ring the opening bell to commemorate the one year anniversary of the company’s listing.
More retailers named for American Dream

American Dream has added more fire power to its retail lineup.

The Triple Five Group of Companies, the developer of the long-delayed retail and entertainment mega-center in East Rutherford, New Jersey, on Monday announced the names of 10 new retail tenants who will be setting up shop there. These include: Aritzia, Banana Republic, Gap, Lululemon, Mac, Microsoft, Pink, Uniqlo, Victoria's Secret and Zara.
Pier 1 inventory troubles detract from e-commerce success

E-commerce sales surged at Pier 1 Imports during the second quarter, but the retailers overall sales grew less than expected and the company lowered its full year outlook.

Total sales increased 2.7% to $430 million and same-store sales increased 2.5%. Excluding the effects of the stronger U.S. dollar, total sales increased 4% and same-store sales increased 3.8%.