Retail

Dollar Tree to sell 330 Family Dollar Stores to Sycamore Partners
CHESAPEAKE, Va. -- Dollar Tree on Friday announced it had reached an agreement to sell private equity firm Sycamore Partners a divestiture package of 330 Family Dollar Stores locations, with the deal contingent on the completion of Dollar Tree’s pending acquisition of Family Dollar. Sycamore Partners intends to operate the 330 stores, which represent approximately $45.5 million of operating income for Family Dollar, under the Dollar Express banner.
Walgreens will keep headquarters in U.S.
Deerfield, Ill. – Walgreens Boots Alliance plans to keep its headquarters in the U.S. and never went beyond the consideration stage of moving operations outside the U.S. in an “inversion” to reduce corporate taxes. At the Walgreens annual shareholder meeting May 28, Walgreens chairman James Skinner said Walgreens headquarters will remain in Deerfield, Illinois.

GameStop scores again with shoppers

GameStop continued to reap rewards from its omnichannel strategy in the first quarter, as the retailer reported an impressive increase in same store sales.
Destination XL shrinks Q1 loss; will open 40 stores

Canton, Mass. – Destination XL Group Inc. shrunk its net loss to $574,000 in the first quarter of fiscal 2015, compared to $3.5 million the same quarter a year earlier. A shift to operating income from operating loss helped reduce total net loss.

During the current fiscal year, Destination XL intends to open approximately 32 DXL retail and eight DXL outlet stores. It also plans to close approximately 42 Casual Male XL and three Rochester Clothing stores.
True Religion, New York City

True Religion Apparel's first-ever global flagship is also the brand’s largest and most digitally-savvy space to date, starting with storefront windows that display a continuous stream of video content—and also showcase style statements from shoppers themselves. The 3,000-sq.-ft. store is located in downtown Manhattan.

The interior pays homage to the vibrancy and edginess of New York City, starting with a dynamic entrance mural designed and painted by local street artist RAE.
PacSun fumbles with earnings, flag

Pacific Sunwear of California Inc. reported a loss of $3.5 million in the first quarter in the same week the retailer found itself in the middle of a national controversy over one of its best-selling T-shirts.
Westfield San Francisco enlists RetailNext for analytics

San Francisco - Westfield San Francisco Centre has enlisted RetailNext Inc., a provider of retail analytics for brick-and-mortar stores, to provide in-store retail analytics technologies and services for Bespoke, its new retail-technology hub. Bespoke is made up of tech demonstration, coworking and event spaces.
Sportsman's Warehouse hunting for more customers

The CEO of Sportsman's Warehouse Holdings Inc. blamed traffic problems and lower prices of firearms for the company’s drop in same store sales in the first quarter.

Net sales increased by 9.1% to $144.5 million from $132.4 million in the first quarter ended May 2. Same store sales decreased by 0.7%.
Inventrust Properties acquires Virginia shopping center

Richmond, Va. - InvenTrust Properties Corp. has acquired Westpark Shopping Center, a 176,935-sq.-ft., 95% leased shopping center located in Glen Allen, Virginia, for $33.75 million.
Destination XL grows same store sales

Destination XL Group's reinvention seems to be appeaing to more customers as the retailer reported a boost in same store sales in the first quarter.

Dollar Tree to sell 330 Family Dollar Stores to Sycamore Partners

Walgreens will keep headquarters in U.S.

GameStop scores again with shoppers

Destination XL shrinks Q1 loss; will open 40 stores

True Religion, New York City

PacSun fumbles with earnings, flag

Westfield San Francisco enlists RetailNext for analytics

Sportsman's Warehouse hunting for more customers

Inventrust Properties acquires Virginia shopping center

Destination XL grows same store sales