Discount Store

Macy’s Inc. relatively new to the outlet sector but it’s making up for lost time.

On the heels of the debut of its Macy’s Backstage off-price format and the news that it would close up to 40 underperforming namesake stores, the retailer announced it will open two Bloomingdale’s Outlet stores in November, at The Shops at Liberty Place in Philadelphia, and at Westfield Mission Valley in San Diego.

Ross Dress for Less is opening new stores under both its namesake and dd’s Discounts banners. The specialty apparel retailer will open a 25,000-sq.-ft. Ross Dress for Less store in Twin Falls, Idaho, on Oct. 10.

This store is the 11th new Ross Dress for Less location in Idaho. The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.

After an initial public stock offering earlier this year, Ollie’s Bargain Outlet Holdings has added public company governance experience to its board with the appointment of Rue21’s top executive.

Ollie’s said Robert Fisch, chairman, president and CEO of specialty apparel retailer Rue21 had joined its board and increased to seven the number of members. Prior to Rue21, Fisch was president of Casual Corner Group and he has also served as a board member at Children’s Place Retail Stores.

Fayetteville, N.C. -- GBT Realty Corporation announced that it has closed on The Shoppes of Fayetteville, a 15-acre site, located in Fayetteville, North Carolina, for $5 million. The 126,500-sq.-ft. center is in the midst of a $25 million redevelopment scheduled to be completed in summer 2016.

Ross Dress for Less is expanding its store base in Colorado. The specialty apparel retailer will open a new store in Fort Collins, Colorado on Oct. 10.

The 25,000-sq.-ft. relocation is in the newly renovated Renaissance on the Front Range development (previously Foothills Mall). The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.

The CEO of one of America’s most prominent discount retail chains has joined the board of directors of quick service restaurant operator Yum Brands. Target CEO Brian J. Cornell, 56, is now a member of the Yum Brands board.

Two bills passed by a key House committee would help retailers save on store remodeling and improvement costs upfront.

Smart & Final Stores Inc. is shuffling the membership of its board of directors. The discount grocer has elected Paul N. Hopkins and Kenneth I. Tuchman to the board.

Hopkins is the former chairman of the board of directors of insurance company Farmers Group Inc. and CEO of its Americas operations, including Latin America and shared services operations.