Development/Redevelopment

HRC Advisory’s annual CEO and CFO survey revealed a major disconnect between capital investments, retail growth and operating strategies.

Chain Store Age spoke with HRC Advisory CEO Antony Karabus about the survey.

What did you find most surprising about the survey results?

Shoe Carnival has picked a new executive for a key role in its omnichannel-oriented growth strategy which could involve accelerated expansion of a small format.

The retailer has named Jeff Fink as its senior vice president of real estate. Fink will oversee the Company’s store site selection and lease administration functions.

Stadium Goods, an unusual new retail consignment concept dedicated to premium sneakers, launched on Monday with a multichannel format that includes a website and a flagship in New York City’s Soho neighborhood.<br style="box-sizing: border-box; margin: 0px; padding: 0px; max-height: 100000px; color: rgb(54, 54, 54); font-family: open_sansregular, Arial, Helvetica, sans-serif; font-size: 14px; background-colo

Restoration Hardware unveiled its newest store concept, one aimed at a more modern sensibility than its existing stores.

The retailer says its new brand, RH Modern, aims to offer one of the most fully integrated assortments of modern furnishings, lighting and décor under one brand in the world. The multichannel business debuts with its own 540-page magazine-catalog hybrid, a dedicated website, and a significant retail presence, including a standalone RH Modern store.

Shoe Carnival tapped Jeff Fink as senior VP real estate, effective Oct. 12. He will oversee the company’s store site selection and lease administration functions.

Fink joins Shoe Carnival with over 27 years of experience in the real estate industry focusing on footwear and specialty retail. Most recently, he worked for La-Z-Boy, as VP of real estate.

From 2003 to 2014, Fink worked for Jo-Ann Stores as senior VP, real estate and lease administration where he oversaw the addition of 366 stores totaling 2.8 million retail sq. ft.

Stadium Goods, an unusual new retail consignment concept dedicated to premium sneakers, launched on Monday with a multichannel format that includes a website and a flagship in New York City’s Soho neighborhood.

Both channels specialize in limited and special edition sneakers, and the type of exclusive, hard-to-find styles that sneaker enthusiasts (“sneakerheads”) are willing to shell out thousands of dollars for.

Leading off price retailer Ross Dress for Less has made good on its 2015 growth plans and reaffirmed its long-range targets for existing and newer formats.

On Monday, the company announced the opening of 19 Ross stores and seven dd’s Discounts stores across 14 different states in September and October. The new locations complete the retailer’s 2015 expansion plans to add a total of 90 stores during the year.

Restoration Hardware has opened a new format that redefines the retail experience and has CEO Gary Friedman calling it the company’s finest work to date.

The retailer says its new brand,  RH Modern, aims to offer one of the most fully-integrated assortments of modern furnishings, lighting and décor under one brand in the world. The multi-channel business  debuts with its own 540-page magazine-catalog hybrid, a dedicated website, and a significant retail presence, including a standalone RH Modern store.

Leading off price retailer Ross Dress for Less has made good on its 2015 growth plans and reaffirmed its long-range targets for existing and newer formats.

On Monday, the company announced the opening of 19 Ross stores and seven dd’s Discounts stores across 14 different states in September and October. The new locations complete the retailer’s  2015 expansion plans to add a total of 90 stores during the year.

When Macy’s announced in early September that it planned to close between 35 and 40 underperforming stores, the move certainly made headlines. Unfortunately for Macy’s, it also made sense. Because, as most analysts and industry observers can attest, it only reaffirmed a storyline that has been developing for many years now: department stores are in trouble.