Crate & Barrel

For many retail brands, Chapter 11 is not always the end of the story. Just consider the sequel being crafted by home furnishings retailer Bombay Company, which was founded in 1978 as a mail-order operation and grew to a national presence with 461 stores before filing for bankruptcy in late 2007 and closing all its U.S. locations.

Palo Alto, Calif. — Shopkick has been named by the World Economic Forum as one of the world’s most innovative technology startups for 2013. Shopkick is one of two mobile companies selected worldwide.

Previously honored companies include Twitter, Dropbox, Wikipedia, Palantir, Bloom Energy and Google.

New York - Amazon.com, Trader Joe’s and Costco Wholesale Corp. came out on top with consumers in a survey by global strategy firm OC&C Strategy Consultants, Boston. Rounding out the top five were Zappos and iTunes.

Leawood, Kan. -- Columbus, Ohio-based Glimcher Realty Trust said Wednesday it has completed the acquisition of One Nineteen, an outdoor retail center located in Leawood, Kan.

One Nineteen is adjacent to Glimcher’s Town Center Plaza and will add approximately 165,000 sq. ft. of GLA to the combined property.  Tenant sales at One Nineteen average more than $900 per sq. ft., and the center is currently 93% leased featuring Kansas City’s first and only Crate & Barrel and lululemon athletica, as well as an Apple store.

Armonk, N.Y. -- IBM  announced a definitive agreement to acquire Tealeaf Technology, San Francisco, a provider of customer experience analytics software that helps organizations to gain intelligence and react more swiftly to consumer trends in today's digitally transformed marketplace. Financial details were not disclosed.

The acquisition is expected to close in second quarter 2012.

The new year will see a changing of the guard in the chief executive’s office of several big retailers. Here are four to watch:

Costco
The torch has been passed at Costco Wholesale Corp., with president and COO Craig Jelinek stepping into the very big shoes of the company’s longtime chief executive and co-founder Jim Sinegal (effective January 1, 2012).

In its seventh year, the annual Top Redevelopers survey took a little turn. Chain Store Age’s coverage of the prior year’s redevelopment highlights has been expanded to include an additional six-month period in order to make the results as current as possible. So, instead of covering redevelopment projects that occurred during calendar year 2010, this year’s results include the first six months of 2011, as well.


The Falls, one of Florida’s largest open-air, retail and entertainment destinations featuring Bloomingdale's and Macy's, along with more than 95 stores and restaurants, is rolling out a new retail roster that will include several new stores and dining venues.

The retail surge at The Falls, opening in different phases as of fall 2011, will coincide with numerous exterior upgrades including new entrances and signage, along with interior enhancements featuring a contemporary and chic color palette and new soft seating areas.