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  • Retail vet joins DJM Realty

    Boston -- DJM Realty announced that Josh Podell has joined the company as a specialty retail and outlet consultant.

    Podell, who will continue to operate his own real estate consultancy Podell Real Estate Advisors, counts among his retail experience a lengthy stint as VP real estate for Jones Retail Corp., a division of Jones Apparel Group.

     

  • QVC to acquire Oodle to fuel social commerce

    West Chester, Pa. -- QVC announced that its wholly owned subsidiary, California Voices, has signed a definitive agreement to acquire Oodle, a social commerce leader that runs the Oodle Marketplace application on Facebook. The acquisition is expected to close by Dec. 31.

  • Mason out as Tesco aborts Fresh & Easy

    Tesco arrived in the U.S. in 2007 amid great fanfare with its first Fresh & Easy stores. Now, just five years later, the 30 year Tesco veteran in charge of the 200 unit operation is gone and the company is looking to unload the stores.

  • Dollar General adds foodie and financial experience to its board

    GOODLETTSVILLE, Tenn. — Dollar General has elected Sandy Cochran, president and CEO of Cracker Barrel Old Country Store, to its board of directors, effective December 5.

    “We are excited to add Sandy to the Dollar General board of directors,” said Rick Dreiling, Dollar General’s chairman and CEO. “Sandy’s extensive experience and perspective will provide us with valuable insights as we continue to grow our business. Her expertise will complement our board as we strive to build shareholder value.”

  • Francesca's profit surges in Q3 with 76 added stores

    Houston -- Francesca's Holdings Corp. reported Wednesday net income of $11 million, compared with $6.1 million in the year-ago period. Sales surged 44% to $72 million, driven by a 16.7% increase in same-store sales as well as 76 new boutique openings since the end of the third quarter last year.

  • Del Amo Fashion Center, Torrance, Calif.

    When Simon Property Group completes its transformational redevelopment of Del Amo Fashion Center in Torrance, Calif., it will be with a new Nordstrom department store in place.

    The iconic 2.3-million-sq.-ft., super-regional center will feature a 138,000-sq.-ft. Nordstrom, which is relocating to Del Amo from South Bay Galleria. Nordstrom is slated to open in 2015.

  • Survey: Mail carriers and neighbors most forgotten at holidays

    Portland, Maine -- CashStar found in its latest survey that nearly 56 million adult online Americans are likely to forget to buy a gift for their mail carriers and nearly 44 million are likely to forget to buy a gift for their neighbors.

    The survey, conducted online nationwide by Harris Interactive on behalf of CashStar, examined when online American adults remember to buy gifts and who they end up forgetting.

  • U.S. online holiday spending surpasses $21 billion to date

    Reston, Va. -- Online holiday spending reached $21.4 billion for first 32 days of the November-December shopping season, up 14% year-over-year, according to comScore.

    The most recent week saw three individual days eclipse $1 billion in spending, led by Cyber Monday, which became the heaviest online spending day on record at $1.46 billion. However, growth rates softened considerably in the wake of Cyber Monday and through the weekend.       

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