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  • Big Lots to focus on retail business, shuts down wholesale biz

    Big Lots plans to close down its wholesale operations, Big Lots Wholesale, Consolidated International and Wisconsin Toy, by the end of the current fiscal year. The move is the latest in the company’s strategy to refine its business model and focus on its retail stores.

    As things wind down for the wholesale business its inventory will be liquidated. The company says that it will assimilate employees into its retail operations wherever and whenever possible throughout the next 90 days.

  • Texas Family Fitness inks Colony lease

    Dallas — Texas Family Fitness has leased space for a 21,367-sq.-ft. fitness center in The Colony, a Cypress Equities development that currently houses Aaron’s and Big Lots!. The fitness center plans to open in first quarter 2014.

    The new center will mark the seventh Dallas-Fort Worth location for Texas Family Fitness. Retail Realty represented both the fitness center and the landlord in the transaction.

     

  • TJMaxx to Brass Mill Commons in Waterbury, Conn.

    New York -- TJMaxx has signed a lease at the Brass Mill Commons in Waterbury, Conn., according to Charter Realty and Development, TJMaxx’s representative in the negotiations.

    The new TJ Maxx store will be 22,889 sq. ft. and the 26th deal that Charter has leased to TJX. TJMaxx is a division of TJX, which also owns Marshall’s and HomeGoods.

  • Marshalls opens in Washington, D.C.

    Washington, D.C. —Marshall’s has opened its second Washington, D.C. store. According to the Washington, D.C., Economic Partnership, the 28,925-sq.-ft. store is located at the National Press Building at 14th and F Streets downtown. Marshall’s is planning a third location for the Shops at Dakota Crossing in the city’s northeastern quadrant.

  • CPG Holiday Forecast: Humbug sales, with only 2.9% growth

    New Canaan, Conn. -- Continuing a two-year slide in retail spending momentum, American shoppers will generate only a lackluster 2.9% rise in holiday sales, according to Customer Growth Partners’ 13th Annual Holiday Forecast. The CPG report paints a scenario that is decidedly less cheery than some of the other holiday forecasts that have been released to date.

  • Customer Growth Partners Forecasts Humbug Holiday Sales, With Anemic 2.9% Retail Growth

    By Craig Johnson, president, Customer Growth Partners

  • Tuesday Morning comp-store sales rise in Q1

    Closeout retailer Tuesday Morning reported a comparable-store increase of 9.1% for the first quarter ended Sept. 30, compared to the year-ago quarter. The comparable-store sales growth was fueled by a 13.4% increase in customer transactions and a 4.3% decrease in average ticket.

    The company reported a net sales increase of 6.3% to $183.7 million, compared to $172.8 million in the year-ago quarter.

  • Lululemon names Kmart exec as chief product officer

    New York -- Lululemon has named Tara Poseley as chief product officer. She most recently served as president of Kmart Apparel, where she was responsible for the launch of several new product collections to attract a younger and multi-cultural customer.

    Previously, she held the position of interim president at Bebe Stores, president of Disney Stores North America (The Children’s Place) and CEO of Design Within Reach (DWR).

    In her role at Lululemon, Poseley will oversee the company’s global merchandising and design strategy.

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