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Corporate Governance

  • Sun Capital sees significant expansion ahead for latest acquisition

    Private equity firm Sun Capital Partners plans to accelerate growth of Furniture Factory Outlet following its acquisition of the 36 store chain.

    Based in Fort Smith, Ark., Furniture Factory Outlet (FFO Home) operates 36 stores in Arkansas, Missouri, Oklahoma, and Kansas. Sun Capital said it acquired the company, billed as a value-oriented home furnishings retailer, from Alpine Investors and believes significant expansion opportunities exist. The company also manufactures bedding under the Comfort Coil and Natural Elements brands.

  • Nordstrom teases New Yorkers with a glimpse of the future

    Nordstrom revealed dramatic plans for a massive and elaborate flagship in Manhattan designed to wow residents of a city accustomed to the best retailers have to offer.

    The approximately 363,000-sq.-ft. store will encompass four individual properties in the Columbus Circle neighborhood of Manhattan, along Broadway between West 57th and West 58th Streets. Slated to open in 2019, it will be the retailer’s second largest store to date (the largest, at 383,000 sq. ft., is in its Seattle hometown).

  • Michael Kaider has been named to CBRE’S Net Lease Property Group

    Chicago -- CBRE announced that Michael Kaider, first VP, has been named to the firm’s Net Lease Property Group.

    CBRE’s Net Lease Property Group is a select team of senior level capital markets professionals that specialize in the sale, purchase and recapitalization of single-tenant, net leased properties throughout the United States.

  • RT offices closed Monday for Presidents Day

    The offices of Retailing Today will be closed on Monday, Feb. 15,  for President's Day, and the RT Daily Edition will not publish. RT will resume normal business hours on Tuesday, Feb. 16.

  • What went wrong at Advance Auto parts

    Warm weather hurt sales at Advance Auto Parts in the fourth quarter, but other factors were in play too as the company’s performance lagged competitors.

    The retailer said same store sales were negatively impacted by the timing of the New Year's day holiday, which fell in the 53rd week last year, by the foreign exchange currency fluctuations from its Canadian business, and by warmer winter weather.

  • O’Reilly eyes more stores following record year

    More than 200 O’Reilly Automotive stores are expected to open in 2016 after the nation’s third largest auto parts retailer logged strong fourth quarter results and its 23rd consecutive year of same-store sales growth.

  • Whole Foods reveals more locations for new 365 store format

    While Whole Foods Market continues to work on the performance of its flagship stores, the company disclosed new locations and expressed confidence in its new store concept, “365 by Whole Foods Market,” even though the first location is not scheduled to open until May.

  • Tax refunds arrive later and that's a problem for Citi Trends

    Same store sales literally fell off a cliff at Citi Trends in the waning days of the fourth quarter and the operator of 522 urban fashion stores is attributing the weakness to the federal government.

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