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Retail

  • Walmart Foundation appoints new president

    The Walmart Foundation has appointed Kathleen McLaughlin as its president, effective Oct. 15. In addition to leading corporate giving, she will have responsibility for the company's global sustainability, women's economic empowerment initiatives and healthier food initiatives. 

    McLaughlin, previously a senior partner at global consulting firm McKinsey & Company, is a dual American-Canadian citizen and was based in Toronto.

  • The Container Store to go public

    New York -- The Container Store late Monday filed a registration statement with the Securities and Exchange Commission for an initial public stock offering.

    The retailer, which operator of 62 stores in 22 states with annual sales of $702 million,  said it sees the potential for  c as many as 300 U.S. Locations,  with international growth also a possibility. It expects to open six stores during the current fiscal year and seven stores next year.

  • Homeland Stores goes mobile

    Homeland Stores, a 78-store regional supermarket chain headquartered in Oklahoma City, has launched a mobile payments pilot program with mobile payments technology provider DoubleBeam. Homeland's SwiftScan mobile application allows customers to pay for purchases with a smartphone.

    SwiftScan is currently accepted for payment at 20 Homeland locations, with plans to add 26 more locations by the end of October.

  • Frederick’s of Hollywood receives proposal to go private

    Hollywood, Calif. – On Sept. 26, 2013, the board of directors of Frederick’s of Hollywood Group Inc. received a non-binding proposal letter from a consortium of HGI Funding LLC, TTG Apparel, LLC, Tokarz Investments, LLC, Fursa Alternative Strategies LLC, and Arsenal Group LLC to acquire all of the outstanding shares of its common stock.

  • DSW to open new stores in Baltimore, and Lafayette, La.

    Columbus, Ohio — DSW Inc., Designer Show Warehouse has announced two new store openings, one in Baltimore, and another in Lafayette, La.

    DSW operates 385 stores in 42 states, the District of Columbia and Puerto Rico.

     

  • Finish Line puts up strong Q2 results

    Indianapolis – The Finish Line posted increases in net income, net sales and same-store sales during the second quarter of fiscal 2013. Net income totaled $26.19 million, up 6.1% from about $24.44 million a year earlier.

    Consolidated net sales were $436 million, up 13.3 % from $385 million in the same quarter the previous year. Same-store sales rose 0.9%.

  • Jo-Ann expands workforce ahead of holidays

    In anticipation of increased store traffic this holiday shopping season, Jo-Ann has announced plans to hire more than 3,000 seasonal employees in stores across the country — a 14% increase over its non-seasonal in-store workforce.

  • Transwestern adds two leases to Hilltop Plaza

    Boulder, Colo. — Transwetern’s Denver office has announced the completion of two leases at Hilltop Plaza, a four-story retail/office building in Boulder, Colo., in the University Hill shopping district just one block from the University of Colorado.

    BoCo Café has taken a 1,742-sq.-ft. space in the food court. Spark Boulder, a provider of student and entrepreneurial co-working facilities, has leased 5,482 sq. ft. and plans to opening in November.

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