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Retail

  • Safeway only retailer among Employer Support Freedom Award winners

    Pleasanton, Calif. - Safeway was selected to receive the 2013 Secretary of Defense Employer Support Freedom Award, the nation's highest honor given to employers for exceptional support of National Guard and Reserve employees.

    Employer Support of the Guard and Reserve, an office of the Department of Defense, announced the 15 award recipients on Tuesday.

  • Reemarkit seeks to reconfigure online resales

    Wilmington, Del. – Reemarkit.com, a new e-commerce business that promotes itself as an “online garage sale,” is trying to reconfigure the booming business of consumers reselling used goods online. While such popular sites as eBay and Amazon allow individuals and businesses to resell used merchandise in exchange for a cut of the profits and/or listing fees, Reemarkit.com is technically free, but is employing a profit model more commonly seen in online video games.

  • Walgreens posts Q3 gains, misses analyst expectations

    Deerfield, Ill. – Walgreens posted gains in sales and earnings during its fiscal third quarter 2013, but still came in below the expectations of Wall Street analysts. Earnings rose 16% to $624 million from $537 million in the third quarter of fiscal 2012. However, excluding certain items, analysts had expected earnings of close to 30 cents a share higher for the quarter.

  • Walmart announces 10 new solar installations in Maryland

    Bentonville, Ark. - Wal-Mart Stores announced Tuesday it has completed solar projects at eight Walmart stores and two Sam's Clubs across the state of Maryland that will generate clean, renewable electricity.

  • CBL in partnership with Tesla Motors

    Chattanooga, Tenn. -- CBL & Associates Properties announced the launch of a partnership with Tesla Motors to install Tesla Supercharging stations at several CBL Malls across the country. Tesla is building a network of stations that will eventually enable Tesla owners to drive coast to coast in their electric vehicles.

  • Ousted chairman and founder of Men’s Wearhouse quits board

    New York -- George Zimmer, the founder of Men's Wearhouse Inc., resigned from the company board of directors on Monday, according to a letter he sent the board, which was obtained by Reuters.
       
    Last week, Zimmer was fired as the company's executive chairman. On Monday he submitted a letter resigning from the board. In the letter, Zimmer said it was "clear" he was fired by the board "to avoid addressing my growing concerns with recent board decisions."

  • Rosenfeld Realty Advisors to handle office and retail

    Boca Raton, Fla. -- Orin Rosenfeld has founded Rosenfeld Realty Advisors.

    As president of the new firm, Rosenfeld will draw on 18 years of commercial real estate experience with CBRE and NAI Merin Hunter Codman. The company will specialize in office and retail real estate and will represent both landlords and tenants across South Florida.

     

  • Neiman Marcus files for IPO; looks to expand outlet center format

    New York -- Luxury department store operator Neiman Marcus Inc. on Monday disclosed plans for a proposed public offering of up to $100 million.

    The retailer’s plan, announced in a regulatory filing, comes some eight years after it was acquired for $5.1 billion by private equity firms TPG Capital and Warburg Pincus. In its filing, Neiman Marcus indicated a desire to expand its outlet center concept, Last Call, which currently operates 35 locations.

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