Department Store

Redwood Shores, Calif. -- Kohl’s has overhauled its core merchandising, inventory, and pricing operations with the launch of a new Oracle Retail Merchandise Operations Management solution, allowing the retailer to coordinate a unified system of record for inventory to better serve multi-channel customers and to simplify its business user experience.  

Westport, Conn. -- Charter Realty & Development said that it has leased space in Parker Harding Plaza in Westport, Conn., to The Shade Store. The Shade Store took 1,600 sq. ft., joining area tenants Patagonia, Nike, J Crew, GAP, Vineyard Vines, Pottery Barn, Coach, Talbots, Williams-Sonoma, Brooks Brothers, Sunglass Hut, Starbucks and many more.    

Chicago -- Englewood Construction’s restaurant and retail groups have recently broken ground on four projects, completed three projects and started work on one expansion project across the country.   In the Chicago area, Englewood’s restaurant group recently broke ground on an 11,265-square-foot, ground-up Cooper’s Hawk Winery and Restaurant in Oaklawn, Ill., and an expansion for the popular Purple Pig restaurant on Michigan Avenue in downtown Chicago. 

When it comes to science and learning, it’s ok to fool around, according to Barnes & Noble.  The nation’s largest retail bookseller and the provider of digital content and educational products is launching a one-of-kind Educational Toys and Games Science Center in select stores nationwide and online. 

By Craig Johnson, Customer Growth Partners   With a third straight year of dismal retail spending, American consumers will generate only a lackluster 3.4% year-over-year increase in holiday sales, well below the 5% pace in 2010 and 2011, according to Customer Growth Partners’ 14th Annual Holiday Forecast.   

Dallas -- UCR Dallas announced that Cabela’s will make its Houston debut with a new 72,000-sq.-ft. store at Interstate 45 and Big League Dreams Parkway in League City, Texas. Cabela’s will join HEB, Kohl’s and Big League Dreams Sports Park at this development.    The new store is slated to open in fall 2015.   

Dallas –- Tuesday Morning Corp. cut its net loss almost in half to $6.23 million in the first quarter of fiscal 2015 from $12 million in the same period the prior fiscal year. Net sales increased 10% to $202.2 million, compared to $183.7 million.    Same-store sales increased 11%. The retailer credited the turnaround phase of its ongoing transformation program for creating the generally encouraging results.  

Canton, Mass. -- Big & tall men's apparel retailer Destination XL Group announced that it has increased its existing asset-based revolving line of credit with Bank of America, N.A. by $25 million to $125 million.     In addition, the company entered into a new agreement with Wells Fargo Capital Finance for a $15 million five-year senior secured second lien term loan.