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Corporate Governance

  • Dick’s Sporting Goods opens three remodeled stores Oct. 12

    Pittsburgh – Dick’s Sporting Goods Inc. is opening three remodeled stores on Oct. 12. The stores are located in Toledo, Ohio, Gaithersburg, Maryland, and Wilkes-Barre, Pennsylvania.

    The Toledo Store measures 50,000 sq. ft. The Gaithersburg store is located in Washingtonian Center and measures more than 100,000 sq. ft. The Wilkes-Barre store is located in Arena Hub Plaza and measures 45,000 sq. ft.

  • Lumber Liquidators launches sustainability site

    Toano, Va. -- Lumber Liquidators has launched a new section of its website detailing the company's sustainability efforts. Highlights include a DNA-testing program to identify wood species and origins, as well as audits of high-risk wood species.

    In addition, Lumber Liquidators offers on-site sustainability training in international locations, online and in seminars, and is also increasing its North American sourcing.

     

  • RKF arranges New York leases with Bluemercury, Brora

    New York - RKF has arranged two leases totaling 2,680-sq.-ft. at 1200 Madison Ave. on the Upper East Side of Manhattan with beauty retailer Bluemercury and upscale Scotland-based knitwear company Brora. The new Bluemercury, scheduled to the week of Oct. 6, will occupy 1,705-sq.-ft. and will be the brand’s second location on the Upper East Side.

  • Report: RadioShack in deal for new financing package

    New York -- RadioShack Corp. has agreed to a financing packaging arranged by its biggest investor, hedge fund Standard General, that would help ease the retailer’s cash crunch as it heads into the holiday selling season, Bloomberg reported.

  • Supreme Court to hear case of women denied job by Abercrombie over headscarf

    New York -- The U.S. Supreme Court has agreed to consider whether a Muslim woman who was denied a job at an Abercrombie & Fitch Co. store because she wears a head scarf was required to specifically request a religious accommodation at the time of her job interview.

    The court agreed to hear an appeal filed in the case by the U.S. Equal Employment Opportunity Commission, the federal agency that sued the retailer on behalf of Samantha Elauf, who was denied a sales job at an Abercrombie Kids store in Tulsa, Oklahoma, back in 2008.

  • Krispy Kreme on hunt for new CFO

    Winston-Salem, N.C. -- Krispy Kreme Doughnuts announced CFO Douglas R. Muir intends to retire in calendar year 2015. The chain will conduct a comprehensive search to identify his successor. Muir is expected to remain in his current role until his successor is in place and to provide ongoing support during the transition.

  • Report: Nordstrom looking to open store in downtown Manhattan

    New York -- Nordstrom is searching for about 250,000 sq. ft. of space in which to open a full-line store in downtown Manhattan, Women’s Wear Daily reported. Saks Fifth Avenue recently announced it will open downtown, as an anchor in Brookfield Place.

    Nordstrom is scheduled open its first full-line store in the Big Apple, on 57th Street between Broadway and Seventh Avenue, in 2018.

     

  • Walgreens September same-store sales up 7.9%

    Deerfield, Ill. -- Walgreens’ same-store stores increased 7.9% in September. Total sales increased 9.4%, to $6.5 billion compared to the same month in fiscal 2014, the company reported Friday.

    Comparable store front-end sales rose 1.7%, while comparable store pharmacy sales rose 11.3%.

    Walgreens opened nine stores during September, including four relocations, and closed four.

     

  • Slate Retail REIT to acquire center in Kentucky

    Toronto -- Slate Retail REIT announced that it has entered into a binding agreement to purchase Stonefield Square, a 90,991-sq.-ft. grocery-anchored shopping center located in Louisville, Kentucky, for $12.6 million ($138 per square foot). The property is anchored by The Fresh Market.

    The acquisition is expected to be completed in fourth quarter 2014 and remains subject to customary closing conditions.

     

  • Ross Dress for Less opening Two New Stores in Illinois

    Dublin, Calif. -- Ross Dress for Less will open two new stores in Illinois on Oct. 11. The stores are located in Hickory Point Mall in Decatur and Times Square Mall in Mount Vernon.  

    The new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year.  

    Together, Ross Dress for Less and dd’s Discounts currently operate over 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.

     

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