Corporate Governance

Costa Mesa, Calif. — Anna's Linens Inc. announced it filed for  Chapter 11 bankruptcy court protection on June 14. The retailer said it is working to negotiate a sale to DW Partners, a multi-strategy fund manager with $6 billion in assets.

The asset management firm would become “the stalking horse” bidder, and make the initial bid in a bankruptcy auction sale.

Ridgefield, Conn. — Chick-fil-A will open its first restaurant in New York City this July. The 13,000-sq-.ft. restaurant on Sixth Avenue at West 37^th Street was built by Schimenti Construction, which is also constructing a second Chick-fil-A, in Port Jefferson, N.Y., also due to open this summer.

Seattle – Starbucks Corp. is expanding its mobile order and payment service to about 3,400 stores in 21 new states in the southern and central United States. The company launched mobile order and payment feature as a pilot in Portland, Ore. in Dec. 2014.

The mobile payment feature allows Starbucks mobile app users to place their order in advance and pick it up at a selected Starbucks location. It is integrated into the Starbucks app and loyalty program.

On the heels of opening its 12,000th store, Dollar General has named five executives to key leadership positions within its merchandising and supply chain organizations.

The company announced internal promotions in both its merchandising and global supply chain functions as the company enhances its management team. The following promotions are effective immediately:

Efforts to transform the customer experience and optimize e-commerce capabilities at Toys”R”Us are getting a boost in Europe with a new distribution center.

The retailer says it has completed a new distribution center in Saint-Fargeau-Ponthierry, France, to support the company's rapidly expanding e-commerce business throughout the country and in select sections of Europe.

Aliso Viejo, Calif. — Johnny Rockets plans to open 25 new domestic stores during 2015 and 100 new domestic stores by 2017 via franchise expansion.

The casual dining chain is targeting the following U.S. cities for franchise growth in its Johnny Rockets, Johnny Rockets Express and Johnny Rockets Route 66 banners: Tucson, Arizona; Houston, Bridgewater, New Jersey., Gainesville, Florida; and Bakersfield and Fresno, California.

Wayne, N.J. — Toys ‘R Us Inc. has opened a new distribution center in Saint-Fargeau-Ponthierry, France to support the company's expanding e-commerce business throughout France and in select sections of Europe. The 550,000-sq.-ft. facility will service retail distribution to the country's 48 store locations and e-commerce operations throughout France.

Phoenix — Vestar announced the signing of Forever 21’s newest concept store, F21 red, at Tempe Marketplace, in Tempe, Ariz. The 1,000-sq.-ft. store, the first F21 in Arizona, will open this fall.

The F21 red brand will offer a larger merchandise selection and lower prices of the trendy fashion forward styles for young men and women than the typical Forever 21 store.