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Corporate Governance

  • Cache Q3 loss widens

    New York -- Cache's loss in the third quarter widened amid increased expenses. Its results were also impacted by a large income tax benefit last year.

    For the period ended Sept. 28, Cache Inc. lost $8 million, compared to a loss of $6.4 million a year ago.

    Revenue increased 3% to $47.2 million, from $45.8 million. Same-store sales were down 2.9%.

  • Cabela’s to open in New Brunswick

    Sidney, Neb. -- Cabela’s Inc. announced today plans to open a store in Moncton, New Brunswick, Canada.

    The 50,000-sq.-ft. is scheduled to open in 2015, and will be located in a new development being developed by Cordova Realty. It will be Cabela’s first location in the greater Atlantic Canada area.

  • Retail imports up 6.5% in October

    Washington, D.C. -- Import volume at the nation’s major retail container ports grew 6.5% in October over the same month last year despite the government shutdown, and year-over-year increases are expected to continue for the remainder of the year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

  • Food Lion announces upgrades in 169 stores

    Salisbury, N.C. -- Food Lion announced that it has made significant investments in 169 stores in North Carolina and South Carolina and created 500 new jobs. Key markets include Greenville, N.C., Wilmington, N.C., Columbia, S.C., Charleston, S.C., and Myrtle Beach, S.C.

    To celebrate the launch, Food Lion is holding grand re-opening festivities at the 169 stores, including providing the first 50 customers at each location with a bag of free groceries Nov. 13 through Nov. 16.

  • Christopher & Banks Selects QuantiSense exception management software

    Atlanta -- QuantiSense, a provider of retail exception management software, announced that Christopher & Banks Corporation has licensed both QuantiSense Playbooks and QuantiSense Retail Business Intelligence to help automate the management of retail exceptions across its 598 stores in 44 states, as well as to provide the business analytic platform for their enterprise.

  • European Wax Center inks upper west side deals

    New York -- European Wax Center, a national chain offering waxing services for men and women, has taken space in two upper west side locations, according to Winick Realty Group, which represented the tenant in both transactions.

    European Wax Center will occupy 1,500 sq. ft. at 2409 Broadway between 88th and 89th Streets. NGKF represented the landlord, 2409 Broadway Associates.

  • Grand Ridge Plaza launches

    Issaquah, Wash. — Construction is nearing completion on Issaquah Highlands’ new shopping and entertainment district, Grand Ridge Plaza. The Regency Centers Corp. center, which broke ground in the summer of 2012, is in the midst of its busiest rollout stretch, which features the grand opening of a Safeway grocery store.

  • Walmart offering earlier Black Friday deals too

    Holiday shopping continues to encroach on Thanksgiving with Walmart the latest retailer to reveal plans that its promotional activity will begin at 6 p.m. with an expanded range of featured items, price guarantees, deeper inventory levels and detailed crowd control procedures.

  • Former Microsoft exec to develop gaming sector at Virtual Piggy

    Virtual Piggy has appointed Sébastien Motte to lead business development in the gaming sector.

  • Interactions taps former Acosta exec as VP of operations

    Interactions, a company that organizes event marketing and product demonstrations for retailers and brands, has appointed Jerry Slater as VP of operations.

    Slater will lead Elite Marketing Interactions, the company’s in-house group dedicated exclusively to Meijer, the Grand Rapids, Mich.-based retailer that operates 203 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky. In his new role, Slater is responsible for overseeing the company’s day-to-day operations and will be based in the Grand Rapids office.
     

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