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Retail

  • Tuesday Morning settles suit with former CEO

    Dallas – Tuesday Morning Corp. and former CEO Kathleen Mason have settled a discrimination lawsuit filed by Mason. In the suit, Mason alleged she was dismissed from her position by Tuesday Morning after disclosing she had breast cancer.

    The suit was filed in May 2013 and dismissed on April 17. Terms of the settlement were not disclosed.
     

  • IBM’s Watson Group invests in Fluid with eye toward personal shopping apps

    Armonk, N.Y. -- IBM said Tuesday that its Watson unit has invested in Fluid, a digital commerce firm, to develop personalized shopping applications using IBM’s cognitive computing tools.

  • JLL brokers sale of Market Square in Akron, Ohio

    Atlanta — JLL has announced the closing of the sale of Market Square at Montrose on behalf of LaSalle Investment Management to HP Realty LLC. Purchased for $32.5 million, the 510,231-sq.-ft. retail center hosts anchors Home Depot, J.C. Penney, Levin Furniture, Dick’s Sporting Goods, Regal Cinemas, Toys “R” Us and Cost Plus World Market.

    “Akron and similar cities are back in favor with investors,” commented Kris Cooper, a JLL managing director.

  • New Nordstrom Rack planned for Utah

    Seattle -- Nordstrom plans to open a Nordstrom Rack at University Crossing in Orem, Utah.

    The approximately 30,000-sq.-ft. store is scheduled to open in spring 2015. University Crossing is owned and managed by University Crossing Shopping Center.

  • DSGE names COO as chairman, president and CEO

    Dallas - DGSE Companies Inc. has named James D. “Dusty” Clem to the positions of chairman, president and CEO, effective immediately. Clem replaces James Vierling, who has resigned as CEO and as a director of DGSE to accept a position with Elemetal LLC, DGSE’s largest shareholder.

  • InReality offers customer experience analysis tool

    Atlanta - InReality, a customer experience strategy and design firm, is offering a retail customer experience measurement tool called Reality Gap Analysis. Reality Gap Analysis delivers a quantifiable assessment of the gaps between a brand's self-perception and a customer's reality.

  • Rent-A-Center will consolidate 150 stores

    Plano, Texas – Rent-A-Center Inc. reported declining net earnings for first quarter 2014, even as revenues slightly grew. The company said it plans to optimize its U.S. store footprint by consolidating about 150 stores into existing stores by the end of the second quarter of fiscal 2014.

    Net earnings fell 37% to $28.9 million from $46.1 million, while total revenues increased 1.8% to $833.7 million from $819.3 million. Same-store sales dropped 0.8%.

  • Birchbox launches managed fulfillment with third-party logistics company OHL

    New York -- E-commerce company Birchbox, which provides subscribers with monthly boxes of personalized beauty products for a monthly fee, has launched managed fulfillment operations and small parcel management with third party logistics provider OHL. The new fulfillment center is located in Mount Juliet, Tenn., providing a more centralized location and faster transit times for Birchbox customers across the U.S.

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