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  • Ex-Dollar General exec named store operations EVP

    Dollar General Corp. is looking to a longtime Dollar General employee to be its next executive vice president of store operations. 

  • Five Below to enter Florida market; on track for 70 new stores in 2015

    Philadelphia - Five Below is entering the Florida market with the opening of nine stores on June 12. These locations, which will bring the fast-growing retailer’s store count to 400, and are part of a total 70 new stores it plans to open in 2015.

    “Entering the state of Florida, our 25th state and opening our first stores in Jacksonville, Orlando and Tampa, is very exciting as we continue to grow our footprint across the country," said Joel Anderson, CEO of Five Below.

  • Gymboree net loss grows in Q1; will close 30-40 stores

    San Francisco – The Gymboree Corp. saw its net loss increase to $22.48 million in the first quarter of fiscal 2015 from $15 million in the first quarter of the preceding fiscal year. Growth in cost of goods sold, selling, general and administrative (SG&A) expenses and interest expense drove the widening net loss.

    Gymboree plans to close 30-40 stores and open 12 new stores during the fiscal year.

    Total net sales climbed 1% to $261.73 million from $259.12 million, while same-store sales remained flat.
     

  • Orvis names former Select Comfort CEO as new president

    Sunderland, Vt. - William R. McLaughlin has been named as the new president of the Orvis Company Inc. He will succeed Raymond G. McCready, who will retire later this year.  

    McLaughlin will assume the post July 27. McLaughlin's early career included leadership roles with Pillsbury and PepsiCo. At Pepsi, he managed several of their international businesses and rose to become president of Frito Lay Europe, Middle East & Africa.  From 2000 to 2012, McLaughlin was president & CEO of the specialty retailer Select Comfort Corp.

  • Simon to add full-price center to Sawgrass Mills

    Indianapolis – Simon is expanding the Sawgrass Mills value, outlet and entertainment center in Sunrise, Florida by adding a full-price component, Town Center at Sawgrass. Town Center at Sawgrass will be accessible from both Flamingo and Sunrise boulevards and will be flanked by four new sit-down restaurants and a new parking deck able to accommodate 2,000 vehicles.

  • Amazon to open its fourth fulfillment center in Texas

    New York -- Amazon.com is going big in Texas with the announcement that it will open its fourth fulfillment center in the state.

    The new 500,000-sq.-ft., which is currently under construction, will be located at the northeast corner of Interstate 45 and Interstate 20 in Dallas and will bring about 500 new jobs to the area when the facility opens early in 2016. It will process smaller items, such as books, electronics and consumer goods.

  • Florida's Sawgrass Mills to get a full-price addition

    Simon is expanding the hugely successful Sawgrass Mills outlet and entertainment center in Florida by adding a new, full-price component.

  • Alibaba’s U.S. strategy

    New York -- Alibaba Group wants small business owners from the United States to sell their merchandise on its e-commerce sites is looking for more American products to sell to Chinese consumers.

    “We need more American products,” said Alibaba founder and executive chairman Jack Ma in a speech at the Economic Club of New York on Tuesday.

    For more, click here.

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