Corporate Governance

Lifetime Fitness has selected a fixturing solution from Cubic Visual Systems for use in its pro shops.

“Their retail fixturing solutions seemed to offer the durability and design flare that we were searching for in our pro shops,” said Julie Yager, senior VP of Lifetime Fitness.

The Chanhassen, Minnesota-based fitness company, which has its own millwork resources, is using Cubic Visual Systems’ hardware resources in eight to 10 shops. Lifetime Fitness intends to work with Cubic Visual Systems going forward.

The Container Store attracts a lot of loyal customers, and soon those shoppers will have another reason to buy more closet organizers and kitchen jars, thanks to a partnership with Synchrony Financial.

The retailer announced a new, multi-year agreement with Synchrony Financial to offer a private label credit card program for customers. The card will be available for use in the retailer’s stores and online and is scheduled to launch in the spring of 2016.

Boston-based sporting goods retailer City Sports has filed for Chapter 11 bankruptcy protection and plans to liquidate at least a quarter of its stores.

According to the Wall Street Journal, City Sports said it has a deal with liquidators Tiger Capital Group to hold going-out-of-business sales at eight of the company’s 26 stores, which are scattered throughout the Northeast from Massachusetts to Washington, D.C.

The bankrupt Haggen supermarket chain is following through on its promise to unload some of its California locations as the company looks to refocus its operations on 37 stores in the Pacific Northwest.

Haggen announced Monday that it has entered into an agreement with Smart & Final Stores Inc. for it to acquire 28 store leases and related assets from affiliates of Haggen Holdings for $56 million.

A new survey has revealed some more glum news about shrink in the U.S. retail industry.

“There are two kinds of big companies in the United States. There are those who’ve been hacked…and those who don’t know they’ve been hacked.”

Several years before FBI Director James Comey made that bold, now infamous proclamation on CBS’s 60 Minutes, the National Science and Technology Council (NSTC) partnered with the National Science Foundation (NSF) to initiate a federal strategic plan for cybersecurity research and development.

The bankrupt Haggen supermarket chain is following through on its promise to unload some of its California locations as the company looks to refocus its operations on 37 stores in the Pacific Northwest.

A new survey has revealed some more glum news about shrink in the U.S. retail industry.

The 2015 U.S. Retail Fraud Survey by Retail Knowledge and Volumatic has estimated that U.S. retailers are losing $60 billion a year to shrink -- up from $57 billion last year. And employee theft is the single biggest cause of loss to retailers.