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  • The Bargain Shops names Dollar General exec as CEO

    Toronto -- Canadian discounter The Bargain Shops said Tuesday it has hired Beryl Jack Buley, former division president of Dollar General Corp., as its CEO.

    The retailer said it is prepping for Target Corp.’s takeover of former Zellers stores across Canada in two years, which could shift some of Bargain Shop customers over to Target.

    According to an Associated Press report, however, Buley said he is not worried about the impending competition from Target, saying that “enormous opportunity” remains in Canada.

  • Report Sees Strong Rise in Retailer Growth in 2011

    Retailers’ growth plans in the United States are up 40% over last year’s levels, according to ChainLinks' Retail Advisors Spring 2011 National Retail Report. The report, which details trends impacting retail commercial real estate in more than 40 of the nation’s top markets, credits the surge in expansion to two key factors: the return of optimism within the retail sector; and the desire to expand quickly now -- before retail fundamentals improve enough for rents to start climbing again.

  • Tiffany's 4Q comp shows why luxury still strong

    New York -- Despite continued weakness in the overall economy, middle and upper-class consumers appear to remain little affected by the downturn, as evidenced by Tiffany & Co.'s U.S. same-store sales growth of 9% during its fiscal fourth quarter. Worldwide sales were up 12% for the quarter.

  • Leonard Green firm evaluating BJ’s takeover

    New York City -- Information on Tuesday confirmed that private equity firm Leonard Green & Partners LP is considering an offer to acquire BJ’s Wholesale Club.

    Leonard Green, which already as a 9.3% ownership stake in the wholesale club operator, said in an SEC filing that it is examining confidential information provided by BJ's as it evaluates an offer.

    BJ's revealed in February that it was considering selling itself.

  • Jones Lang LaSalle names Florida managing director

    Orlando, Fla. -- Jones Lang LaSalle said Tuesday it has appointed Carson Good to lead the firm’s retail capital market business throughout Florida.

  • Former Kohl's exec to head Canadian discount store

    MISSISSAUGA, ONTARIO -- TB!S The Bargain Shop, a leading Canadian discount store chain, announced that Beryl Buley has been appointed president and CEO, effective immediately. Former president and CEO, Michael Roellinghoff, will assume the role of vice chairman of the board.

  • Wet Seal taps Gap veteran Seipel as president and COO

    Foothill Ranch, Calif. -- The Wet Seal announced Monday that it has hired Ken Seipel as president and COO, effective March 28.

    Seipel will report to CEO Susan P. McGalla.

    Seipel was previously president and chief merchandise/marketing officer of Pamida Discount Stores LLC, a regional general merchandise discount retailer. Prior to that, he was executive VP of stores, operations and store design for the Old Navy division of Gap.

  • ACI Wordwide acquires ISD Corp.

    New York City -- ACI Worldwide, an international provider of payment systems, announced that it has acquired ISD Corp. to broaden the functionality of its payments solutions for retailers. ISD is a provider of secure payment management software and solutions for retailers in the United States and Canada.

    With the addition of 140 customers from ISD, ACI now has more than 220 retailers worldwide running ACI payment systems.

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