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Retail

  • Red Robin swoops into Hagerstown, Md.

    Greenwood Village, Colo. — Red Robin will open a new restaurant in Hagerstown, Md., in late October.

    The new restaurant will add to the chains 480 U.S. restaurants located across the U.S. and Canada.

     

  • Kohl’s opens three stores, remodels 30

    Menomonee Falls, Wis. – Kohl’s Department Stores announced it is opening three stores on Friday, with locations in Hyannis, Mass., Keene, N.H., and Michigan City, Ind. The company also said it is remodeling 30 locations this fall.

  • Two more 99 Cents Only Stores open

    City Of Commerce, Calif. — 99 Cents Only has announced the opening of two new stores. The retailer will open an 18,960o-sq.-ft. store in McAllen, Texas, and an 11,685-sq.-ft. store in Laveen, Ariz. The grand opening of each store will feature the sale of Westinghouse Flat Screen TVs for only 99 cents each to the first nine customers in line to visit the store.

    Both stores will feature a perishable food department, including produce, dairy and frozen foods.
     

  • J.C. Penney looking to raise some $800 million from offering

    Plano, Texas – Shares of J.C. Penney Company took a beating on Friday after the retailer priced its $932 million share sale at a 7.4% discount and detailed its shrinking cash position.  

    Penney priced its sale of 84 million shares at $9.65, down from a closing price of $10.42 on Thursday.

    The new offering should raise more than $800 million. According to Reuters, J.C. Penney, which is valued at $2.6 billion, had been considering issuing new stock shares as well as other unspecified alternatives.

  • Forever 21 Bats & Cats collection makes debut

    Forever 21 has unveiled Bats & Cats, a limited edition collection of women’s and men’s apparel and accessories designed by Forever 21. The collection features 63 current pieces modeled by Atlanta de Cadenet Taylor, model, DJ and daughter of Duran Duran bassist John Taylor.

  • J.C. Penney responds to critics

    New York -- J.C. Penney on Thursday shot back at reports that its sales were weak in the late August and early September back-to-school season and said it was pleased with the progress of its turnaround efforts.

    The company said it still expected positive comparable-store sales trends coming out of the third quarter and throughout the fourth, adding that its online sales continue to rise in double-digits over last year.

  • Gov. Brown signs bill raising California minimum wage to $10 by 2016

    New York -- Governor Jerry Brown of California on Wednesday signed a bill approving a $2 hike in the state’s minimum wage, with the increase to be rolled out during the next three years. The increase will make California's minimum wage the highest in the country.

    The wage increase will go into effect in two separate $1 increments, going from the current minimum of $8 to $9 on July 1, 2014, and then to $10, on January 1, 2016.

  • Toomer’s Coffee, Auburn Rays to Hamilton Place

    Auburn, Ala. — Toomer’s Coffee Company and Auburn Rays have each leased 1,400 sq. ft. in Hamilton Place Shopping Center in Auburn, Ala., according to Pine Tree Commercial, which owns the property in partnership with Privet Investments LLC and Silverpeak Real Estate Partners.

    The Shopping Center Group represented the landlord in the transaction.

     

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