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Retail

  • Ross Stores names chief merchandising officer Barbara Rentler as new CEO

    Dublin, Calif. -- Ross Stores’ board approved a succession plan that elevates Barbara Rentler from president and chief merchant to CEO, effective June 1, replacing Michael Balmuth who will transition to executive chairman.

    Current president and COO Michael O’Sullivan will continue in his present position.

    Other promotions effective June 1 include: Lisa Panattoni to president, merchandising; and Bernard Brautigan to group executive VP merchandising.

     

  • Present Value Properties names new executive VP

    Tustin, Calif. — Present Value Properties, a real estate brokerage and consultant, has appointed real estate veteran Bradley O. Whitaker executive VP. His responsibilities include expanding investment acquisitions and sales, develop partners and look for opportunities. In addition, he will open the firm’s first Utah office.

  • Sprint’s new service enables any retailer to become wireless carrier

    Overland Park, Kan. -- Sprint Wholesale Solutions announced the launch of Sprint Panorama, a service that leverages industry insights to help retailers expand their appeal to customers by incorporating their own branded wireless service into their list of goods and services. With Sprint Panorama, the Sprint Wholesale Solutions sales team assists brands by addressing their wireless objectives enabling them to seize new opportunities, differentiate and grow through mobility.
     

  • Retail imports to increase 3.5% in May as port labor negotiations begin

    Washington, D.C. -- Import volume at the nation’s major retail container ports is expected to increase 3.5% in May as negotiators prepare to begin talks on a new contract for West Coast dockworkers, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

  • Motorola’s new mobile marketing platform uses Wi-Fi and Bluetooth technology

    New York -- Motorola Solutions has launched a new unified indoor locationing platform designed to help retailers boost customer engagement. The company’s MPact Platform for Mobile Marketing breaks new ground by using both WI-FI and Bluetooth Smart technology to engage with shoppers in store aisles by offering them customized offers and sales assistance.

  • Uniqlo to open stores in Boston, Philly markets

    New York - Uniqlo announced it will enter two new markets, Pennsylvania and Massachusetts, starting this spring. The Japanese apparel giant will open three stores in the Philadelphia market and six stores in the Boston metro area.  In addition, Uniqlo will open a pop-up shop at Faneuil Hall Marketplace, Boston, early this summer.

    Uniqlo will enter Pennsylvania with three stores in the greater Philadelphia area:

    • King of Prussia Mall, King of Prussia (May 16)
    • 1608 Chestnut Street, Philadelphia (Oct. 3)

  • Roundy's to sell 18 Rainbow stores

    Minneapolis -- Grocery retailer Roundy’s said it had entered into definitive agreements to sell 18 Rainbow stores in the Minneapolis/St. Paul market to a group of local grocers, including Supervalu.

    The sale price is $65 million, and Roundy’s said it is seeking buyers for a remaining nine Rainbow stores so that it can fully exit the Minneapolis/St. Paul market.

    The transaction is expected to close during the third quarter of this year.

  • Survey: Two-thirds of consumers to buy gift cards in spring, summer

    Washington, D.C. -- More than two-thirds of U.S. shoppers will buy gift cards during the spring and summer seasons, according to a just-released survey by the Retail Gift Card Association.

    Buying occasions include Mother’s Day, graduation and weddings. Key findings of the RGCA spring and summer gift card study, which polled more than 1,100 American shoppers, include:

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