Corporate Governance

Matthews, N.C. – The pending merger with Dollar Tree Inc. took a toll on Family Dollar’s profits in the third quarter.

Expenses related to the merger drove Family Dollar’s net income down 1.5% to $79.9 million from $81.1 million the year-ago period, below Wall Street expectations.

It might seem counterintuitive to suggest that Houston, the nation’s fourth most populous city, is ever in danger of being overlooked, but the reality is that, for a long time, this rapidly growing Texas metropolis has frequently not been thought about in the same category as its peers. That is changing, however, and in many ways Houston has become that gateway market it has always longed to be. With the kind of population growth the city has been experiencing, population projections of 8 million - 9 million people in the not-too-distant future do not seem too far-fetched.

New York -- Eyewear online retailer Warby Parker continues its brick-and-mortar expansion. With 12 stores now open, the company plans to open seven more locations by year end, according to fashionista.com.

Warby Parker’s next location is Kansas City, opening later this summer, followed by Scottsdale and San Diego. To read more, click here.
 

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., opened a new store in northeast Las Vegas on June 27. The 22,000-sq.-ft. store is located in Bonanza East Shopping Center at the intersection of North Eastern Avenue and East Bonanza Road, 1.5 miles northeast of downtown Las Vegas.  

The newest location brings the retailer’s total store count in the Las Vegas area to four.
 

Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, Inc., opened a trio of new stores in California on June 27.

A 22,000-sq. ft. anchor store opened in Bell Gardens, California, in the El Tapatio Center, located at Florence Avenue and Jaboneria Road, eight miles southeast of downtown Los Angeles.  

In Perris, California, an 18,000-sq.-ft. store opened in the Perris Towne Center at the intersection of Perris Boulevard and Nuevo Road.

Sporting goods retailers are going to face increased competition in Cleveland and Philadelphia as one of the Pacific Northwest’s most beloved outdoorsy stores comes to town.

Dublin, Calif. -- Ross Dress for Less will open a new store in Alton, Illinois, on July 18.  

The 24,000-sq.-ft. store is located in Alton Square Mall, 20 miles north of downtown St. Louis.
 

New York – Aeropostale Inc. is expanding in Asia through new licensing agreements in India and Indonesia. The company plans to open stores in India through a licensing agreement with Arvind Lifestyle Brands Ltd., and in Indonesia through a licensing agreement with PT Mitra Adiperkasa TBK (MAP).