Events

Ann Arbor, Mich. -- Borders Group on Thursday won court approval to liquidate its remaining 399 stores, even as it negotiates to sell up to 35 stores to Books-a-Million.

"This is a bittersweet day," said U.S. Bankruptcy Judge Martin Glenn before a packed courtroom. "There are a lot of sad people around the country, a lot of sad people in the corporate headquarters. But there has been a late-breaking development."

New York City -- McDonald’s Corp. plans to build the largest restaurant in its system as part of its role as official restaurant of the 2012 Olympic Games in London. The chain has been an Olympics sponsor since 1976.

Speaking in a global webcast on July 20, McDonald's UK CEO Jill McDonald said the planned restaurant will span 32,290 sq.-ft. over two levels, and will have a kitchen four times standard size to accommodate the crowds. The chain says it expects to serve 1.75 million meals during the games, which run from July 27 to Aug. 12, 2012.

By Adam Siegel, VP sustainability, RILA

NEW YORK — Reality TV star Audrina Patridge will continue her partnership with Iconix Brand Group and will appear in a television commercial for the company's Bongo brand, which is sold exclusively at Kmart and Sears.

WASHINGTON — First Lady Michelle Obama on Wednesday afternoon will be joined by corporate chiefs from Walmart, Walgreens and Supervalu and smaller regional market chains as she announces a new initiative to support the Let's Move! campaign, according to a Monday posting on the blog site Obama Foodorama.

New York City -- M&M’s World has made its European debut, opening a 35,000-sq.-ft. store in London’s busy Leicester Square.

SALISBURY, N.C. — Food Lion stores located along the coasts of North Carolina and South Carolina raised more than $100,000 during the retailer's "Thriller on the Griller at the Beach" events.

The events, which took place from June 17 to July 3 at 14 stores, raised $101,149, Food Lion said. The company said that the funds raised surpassed the retailer's goal by nearly $15,000.

NEW YORK  — The International Licensing Industry Merchandisers’ Association (LIMA) has announced the addition of six new members to the board of directors. The new directors were elected by a vote of the LIMA membership and their terms will run from July 1 through June 30, 2014. 

Joining the LIMA board are: 

Prices were cut on 1,500 items at Target.com last Friday as the retailer executed an online-only Black Friday in July promotion. It was the second consecutive year Target conducted the event which, despite the name, pales in comparison to the real Black Friday, which is an operational nightmare and features extreme discounts on prices retailers would rather not get in the habit of offering at other times of the year.

Boca Raton, Fla. — Indianapolis-based Simon Property Group announced Monday that lululemon athletica will grand-open a new store at Town Center at Boca Raton on July 22.