Discount Store

Observant shoppers will have noticed something ominous in recent weeks: the arrival of fall and winter products and holiday marketing/promotions in many stores. As unbelievable as it might seem, considering the fact that much of the country is still experiencing 90-degree heat and a glance at the calendar shows that it is barely September as I write this, the holiday hullabaloo is already underway.

The Children's Place has appointed Robert Vill as group VP of finance. He will report to Michael Scarpa, chief operating officer and CFO.

"Bob brings to The Children's Place a wealth of financial expertise in the areas of corporate finance, treasury and investor relations," Scarpa said. "I am very pleased to welcome him to our team."

Oak Brook, Ill. - Dollar Tree has signed a 12,767-sq.-ft. lease at Pelham Manor Shopping Plaza in Pelham, New York, bringing the center to 100% leased for the first time since it opened in 2008. The 228,000-sq.-ft. center caters to the surrounding neighborhoods of Pelham Manor, Mount Vernon, New Rochelle, and the north Bronx.

Acquired in 2013, the center features national retailers such as BJ's Wholesale Club, PetSmart, Michaels and more. Dollar Tree will be located next to Five Guys Burgers and Fries and is expected to open in early November.

Ankeny, Iowa – Dick’s Sporting Goods and Gordmans are reportedly the anchor stores for a proposed shopping center in Ankeny, Iowa. According to the Des Moines Register, St. Louis-based developer Staenberg Group seeks to begin construction on the project, known as Delaware Commons, in the fall.

Staenberg Group is seeking to obtain environmental permits relating to wetlands on the property. The center also has space for a third main anchor store, several junior anchors, and other small stores and restaurants.

Matthews, N.C. — Family Dollar Stores on Friday rejected the sweetened, $9.1 billion take-over bid made by Dollar General on Sept.

Redlands, Calif. -- Majestic Realty Retail announced today that it has signed lease agreements with four new retailers at its Mountain Grove at Citrus Plaza retail and entertainment center, including agreements with The Gap (7,500 sq. ft.), Banana Republic (7,500 sq. ft.), Old Navy (15,000 sq. ft.) and Ulta (10,000 sq. ft.).  An additional 100,000 sq. ft. of national and regional tenant leases are under negotiation and expected to be signed in September.

Family Dollar has rejected the revised proposal made by Dollar General on Sept. 2 on the basis of antitrust regulatory considerations. The Dollar General offer may be financially superior, the dollar store operator noted, but it's not likely to pass muster with the Federal Trade Commission.
 

Coppell, Texas – Alco Stores Inc. has named director Stanley B. Latacha as Interim CEO, effective immediately. Richard Wilson, who served as CEO for the past four years, has left Alco by mutual agreement with the board of directors.

Latacha has more than 30 years of retail experience, including overseeing turnarounds at Richman Gordman, Goody's, and more recently Pamida.