Retail

Carlisle, Pa. -- Ahold USA announced that Gordon Reid will join the company’s Giant-Landover division as president, effective Nov. 4. He most recently served as group director for commercial services for Dairy Farm International, which operates more than 5,600 retail outlets throughout Asia.

Reid replaces Bhavdeep Singh, who has served as interim president since September. Singh continues to serve as executive VP, operations, Ahold USA.

Louisville, Ky. — Brazeiros Churrascaria, a traditional Brazilian steakhouse will open its doors at Fourth Street Live! in Louisville early next year. The restaurant will occupy more than 6,000 sq. ft. and employ approximately 85.

Brazeiros is an authentic churrascaria, which means steakhouse, and churrasco is a gaucho’s traditional way of cooking meats.

Gander Mountain has promoted Mike Owens to the position of president and COO. Owens was the company’s EVP and COO since joining in 2009.
 
“This is an exciting time for Gander Mountain, and we are very optimistic about our future,” said chairman of the board and CEO David Pratt, who has overseen a sizeable expansion in the past 18 months. “In Mike we have a true leader in driving further growth and success for Gander Mountain across our network of stores. I offer my personal congratulations to Mike on a well-deserved promotion.”

Mountain View, Calif. – Millennial consumers age 18-34 are most likely to use online and mobile technology in their holiday shopping this year. According to a new survey from the Google 2013 Holiday Intentions Shopping Study, 95% of Millennials but only 87% of consumers age 35 and older plan to use the Internet as a tool for holiday shopping.

Dallas — Texas Family Fitness has leased space for a 21,367-sq.-ft. fitness center in The Colony, a Cypress Equities development that currently houses Aaron’s and Big Lots!. The fitness center plans to open in first quarter 2014.

The new center will mark the seventh Dallas-Fort Worth location for Texas Family Fitness. Retail Realty represented both the fitness center and the landlord in the transaction.

Big Lots plans to close down its wholesale operations, Big Lots Wholesale, Consolidated International and Wisconsin Toy, by the end of the current fiscal year. The move is the latest in the company’s strategy to refine its business model and focus on its retail stores.

As things wind down for the wholesale business its inventory will be liquidated. The company says that it will assimilate employees into its retail operations wherever and whenever possible throughout the next 90 days.

New York -- The Container Store on Friday, Nov. 1, began trading on the New York Stock Exchange, under the ticker symbol “TCS.” Expectations were high: On Thursday, the retailer set its IPO price at $18 per share, higher than the originally-expected range of $14 to $16 per share.

The company is offering all 12.5 million shares of common stock, with an additional 1.9 million shares 30-day purchase option for the underwriters.

The U.S. Federal Trade Commission has given Office Max and Office Depot clearance to proceed with their proposed merger. The companies anticipate completing the transaction after market close on Nov. 5, subject to the satisfaction of remaining closing conditions.