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Corporate Governance

  • Report: G-III loses interest in Jones Group

    New York – G-III Apparel Group is reportedly no longer considering a purchase of Jones Group. According to Women’s Wear Daily, G-III, which in October 2013 was said to be close to reaching a deal to buy Jones Group, decided purchasing the apparel retail conglomerate would require taking on too much debt.

  • Retail real estate still improving, thanks to Millennials

    Chicago — Employment growth in science, technology, engineering and mathematics and the continuing recovery in the U.S. housing market have begun to affect all sectors of commercial real estate, according to Jones Lang LaSalle’s “Cross Sector Outlook.”

    Total sector commercial real estate volumes in the first three quarters of 2013 have reached $208.82 billion, an increase of 30% over the same period in 2012, said the report.

  • Rue21 adds clicks to its bricks

    Welcome to the Web Rue21. The operator of nearly 1,000 stores nationwide has joined the ranks of virtually every other retailer and now sells products via the Internet.

    The specialty apparel retailer focused on teens and young adults on Friday announced the launch of their online shopping site Rue21.com.

  • Walgreens completes Kerr Drug asset acquisition

    Deerfield, Ill. – Walgreen Co. has completed its acquisition of certain assets of Kerr Drug’s retail drugstores and specialty pharmacy business. Financial terms of the agreement were not disclosed.

  • Stater Bros. to open new Moreno Valley, Calif., supermarket

    San Bernardino, Calif. — Stater Bros. has announced the opening of a new supermarket in Moreno Valley, Calif., on Nov. 13. A ribbon cutting ceremony will be held in the parking lot at 8:15 a.m.

    The 43,670-sq.-ft. store will be the fourth location for Stater Bros. in Moreno Valley.

  • Groupon continues its e-commerce transition

    Record downloads of its app and North American revenue growth have Groupon feeling good about mobile initiatives and its ongoing evolution from a provider of daily deals via email to a full bore e-commerce marketplace.

  • Ikea standardizes POS infrastructure

    Leiden, Netherlands – Ikea is deploying a standardized, comprehensive and internationally deployed POS software platform from Wincor-Nixdorf. During the next two years, Ikea will install nearly 12,000 POS terminals at 300 stores in 25 countries using Wincor Nixdorf’s TP Application Suite and TP.net software.

  • Gap grows Q3 sales

    San Francisco – Gap Inc. reported increased net and same-store sales during the third quarter of fiscal 2013 in a partial financial release. Gap’s third quarter net sales grew 3% and same-store sales grew 1% compared to the prior year.

    In addition, Gap’s same-store sales grew 4% in October 2013. The retailer will release full third quarter earnings results on Nov. 21, 2013.

     

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