Skip to main content

Department Store

  • Maine House votes to repeal law banning big-box stores from downtown areas

    New York City -- The Maine House on Wednesday voted to effectively repeal the Informed Growth Act, a law that was enacted four years ago to protect Maine's downtown business districts from big-box stores, The Portland Press Herald reported.

    The vote, while a preliminary one, followed an impassioned debate about the character of Maine's traditional downtowns and whether Wal-Mart and other large national chains have hurt local businesses or have helped them by attracting more people to communities, the report said.

  • Disney Store introduces first exclusive designer collection

    PASADENA, Calif. -- Disney Store has announced the launch of an exclusive collection from designer Kidada Jones. 

  • Harry & David wants to hire DJM Realty to help close stores

    New York City -- Harry & David Holdings, which filed for Chapter 11 in March, asked the court Tuesday for permission to hire a real estate consultant to help close 50 of its 122 stores.

    The company seeks approval to hire DJM Realty Services, a subsidiary of the Gordon Brothers Group. The filing said that DJM also could help Harry & David renegotiate leases with landlords for 69 of its other stores

  • Sears gives gloomy outlook ahead of annual meeting

    HOFFMAN ESTATES, Ill. -- Sears Holdings will host its annual meeting on May 4, and attendees present will likely want to know how the company plans to improve sales and return to profitability under the leadership of its new CEO, Lou D’Ambrosio.  

  • Oracle World Retail Awards: Call for entries

    New York City -- Retailers from around the world have until May 20 to enter the annual global competition, the Oracle World Retail Awards. Online entry is open at worldretailcongress.com.

    The awards, designed to recognize the outstanding innovation and creativity delivered by l retailers worldwide, are presented each year at a gala event during the World Retail Congress. This year’s presentation will be held Sept. 27 in Berlin.

    The winners in 2010 were as follows:

  • Former OfficeMax, Target marketing exec pursues new opportunity

    The consulting firm Gravitytank named Bob Thacker as a strategic advisor to help the firm’s consumer electronics, retail, consumer packaged goods and technology clients. Thacker most recently served as SVP of marketing and advertising at OfficeMax and was with Target from 1989 to 1998 as a VP of marketing. He also served as president and CEO of BBDO in Minneapolis and served as an SVP of marketing at Sears.

  • New Sears CEO pledges to fix sales decline

    Hoffman Estates, Ill. -- Sears Holdings on Tuesday announced that its same-store sales for the first quarter fell 3.6%. The retailer forecast a loss for the quarter ended April 30 of $145 million.

    Same-store sales decreased 1.6% at Kmart, and 5.2% at Sears in the quarter. Sears Canada projects same-store sales will be down 9.2%.

  • Simon named to lease, manage and market Fox Run Mall

    Newington, N.H. -- Indianapolis-based Simon Property Group said it will assume leasing, management and marketing duties of the Fox Run Mall, located in Newington, N.H., effective May 15.

    The enclosed regional shopping center, built in February 1983, is anchored by Macy’s, J.C. Penney and Sears. Other tenants include Abercrombie & Fitch, Hollister, Express, Loft, Limited, Men’s Wearhouse, American Eagle Outfitters and Victoria’s Secret.

    The center totals 604,000 sq. ft. and is situated on nearly 70 acres.

X
This ad will auto-close in 10 seconds