Discount Store

Chesapeake, Va. – Shareholders of Dollar Tree re-elected 11 members of the board of directors at the company’s annual meeting on June 20. Arnold S. Barron, Macon F. Brock, Jr., Mary Anne Citrino, H. Ray Compton, Conrad M. Hall, Lemuel E. Lewis, J. Douglas Perry, Bob Sasser, Thomas A. Saunders III, Thomas E. Whiddon, and Carl P. Zeithaml each received a majority of votes to serve another term on the board of directors.

SAN FRANCISCO — The Gymboree Corporation has appointed former Levi Strauss & Co. executive Joelle Maher as the company's new COO.  

At Levi Strauss & Co., Maher was most recently EVP, president global retail, and prior to that SVP of Americas multi-channel retail, and VP, planning, allocation, stores, store operations and outlet. She also held executive leadership positions at Lucky Brand Jeans, Old Navy and Macy's East.

New York -- Loblaw Cos., Canada's largest grocer, is testing a small-store discount under the Box by No Frills banner. 

The company debuted the concept in Calgary, in a 10,000-sq.-ft. store. The store everyday low price" on groceries and other merchandise, Sarah Davis, Loblaw's CFO said in a conference call Wednesday, The Canadian Press reported.
 

Cicero, Ill. -- The town of Cicero, Ill., and Wal-Mart Stores announced an agreement on Tuesday to build a Walmart Supercenter on a portion of a former racetrack site.

Under the contract, Wal-Mart will pay $7.5 million for 24.67 acres of land at the long-vacant and dilapidated Sportsman’s racetrack to construct a 190,000-sq.-ft. store.

Cicero will continue to own 10 acres of the remaining Sportsman's property, which is reserved for future retail expansion and development.

Chicago -- Englewood Construction announced its retail group has begun work on the Chicago market’s first Ports 1961, a luxury apparel retailer, in Rosemont, Ill.
 
“Ports 1961 chose to enter the Chicago area by locating within Fashion Outlets of Chicago,” said William Di Santo, president of Lemont, Ill.-based Englewood Construction. “The retail world is anxiously awaiting the August 1 opening of this world-class fashion outlet mall in Rosemont.”

BURLINGTON, N.J. — Burlington Coat Factory was the beneficiary of an unseasonably cool first quarter that resulted in soft sales at some other retailers.

The company’s net sales increased 8.4% to nearly $1.1 billion for the quarter from $982 million for the quarter ended April 28, 2012. Comparative store sales increased 3.4%.

Atlanta -- Shenandoah Plaza, a 146,121-sq.-ft. neighborhood center in Newnan, Ga., has been sold to the Georgia Capital Group by RCG-Newnan. Big Lots, Goodwill and Dollar General anchor the center.

The Atlanta office of SRS Real Estate Partners represented RCG-Newnan in the transaction.
 

PHILADELPHIA — Customers and employees of extreme value retailer Five Below have raised nearly $345,000 for Alex’s Lemonade Stand Foundation, a national nonprofit organization dedicated to finding a cure for cancer for all children.