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Corporate Governance

  • Zara to deploy RFID technology at stores worldwide

    New York -- Spanish apparel giant Inditex, plans to have radio frequency identification technology in place in its nearly 2,000 Zara stores around the globe by 2016. The technology has already been installed at all of Zara's distribution centers and at more than 700 Zara stores.

  • Mid-America arranges sale of Wanamaker Shopping Center

    Topeka, Kan. -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Wanamaker Shopping Center in Topeka, Kansas.  The regional shopping center was purchased for $18 million by Fort Wayne, Indiana-based Equity Investment Group.

    The 269,875-sq.-ft. center is anchored by Big Kmart, Hobby Lobby, and Bed Bath & Beyond.

  • Shopko launches fashion blog

    Shopko is looking to drive traffic to its stores and e-commerce site with the launch of a new fashion blog called TREND.spire. The blog offers shoppers tips on how to put outfits together with pieces from either bricks-and-mortar locations or online.

  • Report: Actor settles discrimination suit with Macy’s

    New York – Rob Brown, an actor best known for his role on the HBO series “Treme,” has reportedly settled a discrimination lawsuit against Macy’s and the city of New York. According to Reuters, Brown’s suit accused three Macy’s security guards in a New York store of handcuffing him, publicly accusing him of credit card fraud, and marching him through the store before harassing and mocking him in a detention cell for an hour in a June 2013 incident.

  • Ross Stores opens two new Kansas City stores July 19

    Dublin, Calif. -- Ross Dress for Less will open two new stores in the Kansas City area on July 19. The stores include The Shoppes at Liberty Triangle in Liberty, Missouri, and Quivira 95 Shopping Center in Overland Park, Kansas.  

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

     

  • Burlington Stores updates comp-store sales guidance for Q2

    Burlington Stores has updated its comparable store sales guidance for the second quarter ending Aug. 2 and launched a debt refinancing transaction.

    Based on the company’s results quarter to date and its estimates for the remainder of July, comparable store sales for the quarter are expected to increase between 3% and 4% — not as much as last year’s second quarter comparable-stores sales increase of 7.8%, but better than its previous estimates of 2% to 3%.

  • Major Western restaurant player to open five Utah PizzaRev locations

    Salt Lake City -- PizzaRev franchisee group Away We Dough, Inc. is opening Utah’s first PizzaRev – a build-your-own artisanal pizza concept with roots in Southern California.

    The new West Valley restaurant is the first of five franchise locations planned to open in Utah in the next six months.

    Away We Dough is part of William Tell, Inc. based in Salt Lake City, which owns and operates 18 Applebee’s and eight Famous Dave’s in Utah and Washington.

  • American Apparel update: The drama continues

    Los Angeles – New York-based investment firm Standard General, which owns a roughly 44% stake in troubled apparel retailer American Apparel Inc, is reportedly preparing recovery plans that both include and do not include controversial former CEO and founder Dov Charney. According to Reuters, Standard General is leaving the decision of whether to allow Charney to return to the company up to the American Apparel board, following a third-party investigation by FTI Consulting.

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