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Yelp

  • PREIT sells Altoona mall for $33 million

    PREIT, which has long been pursuing a strategy of unloading underperforming malls from its portfolio, announced it has sold the Logan Valley Mall for $33.2 million net of credits issued to the buyer. The new owner’s identity was not released.   The Altoona, Pennsylvania, mall -- anchored by Macy's, J.C. Penney and Sears -- had been turning in sales-per-square-foot of $324 versus an average of $475 for the rest of the PREIT portfolio.  
  • Can Retailers Keep Employees’ Contact Information Private?

    Retailers sued in class or representative actions for alleged wage-and-hour violations often object to discovery requests that seek the contact information (names, addresses, etc.) of their employees — the rationale being that such information is private and burdensome to collect and should not be disclosed unless there is reason to believe that the alleged unlawful practices occurred in locations other than just the named plaintiff’s store.  

  • Golf superstore retailer continues to expand

    PGA Tour Superstore is betting on Las Vegas.   The retailer has signed a lease to open its first store in the Las Vegas market, a 30,000-sq.-ft. space in downtown Summerlin.   The location, expected to open later this year, is the company's 31st store. It will be staffed with PGA teaching professionals, have five state-of-the-art swing simulators, multiple practice hitting bays, an expansive putting green and a junior putting green along with an in-house club-making and repair facility.
  • Duluth Holdings names former Nordstrom exec as CFO

    A casual clothing and workwear retailer has ended its hunt for a new finance chief.   Duluth Holdings has appointed Dave Loretta as senior VP and CFO. Loretta will succeed retiring CFO Mark DeOrio.   Prior to joining Duluth Trading, Loretta launched and operated his own company, Pacific Time, LLC, a unique food and beverage business, from 2014 to 2016. Prior to managing his own firm, Loretta held various roles at Nordstrom.  
  • Furniture retailer snubs interest from potential buyers

    Rent-A-Center is being selective about potential business opportunities.   According to sources, the nation’s largest rent-to-own company brushed off takeover interest from private equity firms HIG Capital and Lone Star Funds. The snub took place prior to turning down an offer of $800 million from buyout firm Vintage Capital earlier this month, according to Reuters.  
  • Office supplies giant adds robotics to fulfillment network

    Staples is making a bold move to modernize its supply chain.   The office supplies giant is adding a robotic material handling solution across its network of fulfillment centers. Designed by Great Star Industrial USA, LLC, the automated robotic storage and retrieval system incorporates two types of automated guided vehicles (AGVs) into a unified system that brings both high and low cubic velocity items to a single pick and pack station.  
  • Online plus-size retailer has ambitious plans for brick-and-mortar

    Eloquii is making the leap to physical retailing — with more than one location.    The plus-size fashion brand is set to open a store at The Fashion Centre at Pentagon City, Arlington, Va., followed by a location in downtown Chicago, and one at Easton Town Center, in Columbus, Ohio, which will open in September, reported The Columbus Dispatch.   
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