TJX Cos. is preparing to debut a new retail banner.
Speaking on the chain’s quarterly call with analysts, TJX CEO Ernie Herrman said the company will open four home goods stores in the United States under a new nameplate this year, CNBC reported.
The new concept will allow TJX to enter new markets and sell products that it hasn't currently penetrated with its HomeGoods footprint, Herrman said, according to the report.
While Lidl has made clear its plans to expand to the U.S., many grocery retailers may not have expected it to make its stateside debut quite so soon. Recent reports that the chain will open its first stores on U.S. soil this summer, ahead of schedule, mean that the pressure is on for domestic grocery chains to determine how to react to their latest challenger.
Amazon has again raised the stakes in the home shipping war.
Almost a year after raising its free shipping minimum for non-Prime customers from $35 to $50, Amazon subtly announced on its website that it is once again honoring free shipping on orders of $35.
Nordstrom Rack announced it would open its first Baltimore store at The Shops at Canton Crossing in spring 2019. It will be part of the center’s 90,000-sq.-ft. Phase II addition, which is expected to begin construction in November.
Target plans to renovate its downtown Minneapolis flagship, adding an array of new features.
The discounter will invest $10 million in a full-store remodel for the location, which opened in 2001, reported The Journal.
Less ambitious updates are planned for other Target stores in the Twin Cities area.
Target Corp. is the central player in a drama that even Hollywood wouldn’t dream
A Florida man has been charged with plotting to bomb Target stores along the East Coast — an attempt to cheapen the company’s stock.
Walgreens Boots Alliance’s acquisition of Rite Aid is moving closer to getting a green light from the Federal Trade Commission.
The FTC is expected to approve the sale in the next two to four weeks, reported the New York Post, citing two sources close to the situation.
The major sticking point was reportedly the number of Rite Aid stores that need to be divested to Fred’s Pharmacy.
It’s going to be a busy spring for Stein Mart.
The Florida-based chain will open five stores this spring –– the first phase of its 2017 store plan to open a total of 11 new stores. The remainder of the locations will open in the fall.
“These new stores fall within our real estate strategy to grow sales by filling existing markets where we are doing well,” said Hunt Hawkins, CEO of Stein Mart, which operates 290 stores.
