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Retail

  • Fred’s to acquire specialty and retail pharmacy company for $66 million

    Memphis, Tenn. -- Fred's announced that it has signed an agreement to acquire EntrustRx, a specialty pharmacy operation that has a strong regional presence in the Southeast, as well as the single Reeves-Sain retail pharmacy in Murfreesboro, Tennessee. EntrustRx, which is licensed in all 50 states, dispenses specialty pharmaceuticals to treat complex conditions and diseases that typically require ongoing support for extensive periods of time.

  • Thor Equities acquires property on Avenue Des Champs-Elysees

    New York -- Thor Equities has signed a contract to acquire a prime retail and office property at 102 Avenue des Champs-Elysees in Paris. “102 Avenue des Champs-Elysees is at the center of one of the most desirable locations in the world, just blocks from the Arc de Triomphe and Place Charles de Gaulle,” said Joseph Sitt, CEO of Thor Equities.  “We continue to believe strongly in the Paris retail market, in particular prime shopping and tourist destinations such as the Champs-Elysees and Boulevard Haussmann.”
     

  • Ikea to open its largest U.S. store, in Burbank, California

    New York  -- Ikea will open its largest U.S. store on a 22-acre site in Burbank, California. As the first step in the construction process, the retailer must demolish 19 existing structures on the site. The new 456,000-sq.-ft. store is slated to open in spring 2017.

    Reflecting the company’s commitment to sustainability, Ikea plans to recycle, repurpose or salvage as much of the existing buildings’ equipment, materials, and parts as possible.
     

  • 99 Cents Only adopts natural gas in fleet

    City of Commerce, Calif. - 99 Cents Only Stores has opened an onsite fully operational compressed natural gas (CNG) filling station in the company's main distribution center. This is the final step in the company's plan in adopting a green approach to its private fleet operation.

  • Ross Stores offers two-for-one stock split in June

    Dublin, Calif. – The Ross Stores Inc. board of directors has approved a two-for-one stock split on June 11, 2015. The split will be paid in the form of a 100% stock dividend to stockholders of record as of April 22, 2015.

  • H&M opening 400 stores in 2015 amid 36% jump in Q1 profit

    New York -- Hennes & Mauritz (H&M) on Tuesday posted a 36% jump in its first quarter profit, easily beating forecasts, and confirmed earlier reports that it plans to open 400 stores in its current fiscal year, with most of the locations in China and the United States. In New York, it will open a 61,000-sq.-ft. flagship — one of the largest H&Ms to date — in Manhattan’s Herald Square area.
       

  • Retail cybersecurity center launches intelligence sharing portal

    Washington, D.C. - The Retail Cyber Intelligence Sharing Center  has expanded the capabilities of its Retail Information Sharing Analysis Center (Retail ISAC) with the establishment of an intelligence sharing portal managed by the Financial Services Information Sharing and Analysis Center (FS-ISAC).

  • Five Actions To Take Immediately After a Cyber Attack

    By Todd Weller, Hexis Cyber Solutions

    For retailers, it’s now no longer a matter of “if” you will be compromised by a cyberattack, but “when” you will be. But they can mitigate the impact of attacks now and in the future by preparing a response plan with policy-based automation.

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