Retail

Corte Madera, Calif. – Gary Friedman, chairman emeritus of Restoration Hardware, has been named chairman of the board and co-CEO. Friedman, former co-CEO of Restoration Hardware, will serve with co-CEO Carlos Alberini.

LEXINGTON, Mass. — The Keds division of footwear manufacturer Wolverine Worldwide is back for an encore performance with superstar Taylor Swift.

This fall, Keds will launch its second footwear collaboration with seven-time Grammy award-winning, multi-platinum singer-songwriter Taylor Swift. The collection expands this season to 17 styles, offering a variety of prints, colors and finishes inspired by Swift.

Camp Hill, Pa. – Rite Aid reported a slight boost in monthly same-store sales but a decreased in year-to-date same-store sales. For the four weeks ended June 29, 2013, same-store sales increased 0.7% from the prior-year period. June front-end same store sales increased 0.4%, while pharmacy same store sales increased 0.9% despite the negative impact of generics.  

Brand Keys, a customer engagement and research consultancy, has identified the 25 brands consumers regard as the most patriotic.

Topping the list were Jeep, Hershey and Coca-Cola with Walmart the only retail brand to make the list at number 15.

Chicago -- The Macy’s store in the recently renovated Ohio Valley Mall in St. Clairsville, Ohio, has begun its first full-store renovation since opening in 1979. The single-level 100,000 sq. ft. store will receive new flooring, wall treatments, paint and additional accent lighting. In addition, the renovation will reconfigure the aisles to improve flow and sight lines. Macy’s will remain open throughout the renovation, which will finish up in time for the holiday season.

Seattle – Starbucks is testing new drink options including handmade sodas and a coffee beverage known as “cold foam mocha.” As reported by the Starbucks Melody blog (which is not affiliated with the retailer), last month Starbucks began the second phase of a carbonated beverage test including proprietary root beer and ginger ale at select locations in Atlanta and Austin.

RESEARCH TRIANGLE PARK, N.C. — Shop.org, the digital arm of the National Retail Federation, has re-elected Scot Wingo, co-founder and CEO of ChannelAdvisor, a leading provider of cloud-based e-commerce solutions for retailers and manufacturers, to its board of directors.

Wingo was re-elected to the 20-member board for another two-year term by existing Shop.org members along with executives from Belk, HSN, Razorfish, Tory Burch and Urban Outfitters. 

Atlanta -- Developer OliverMcMillan has secured a $167 million syndicated construction loan, led by PNC Capital Markets, LLC, to finance construction of Buckhead Atlanta, the mixed-use retail, residential and office development located in Atlanta’s Buckhead neighborhood.

The loan will cover the full construction of the six-block, 8-acre complex. Five lenders are involved, including PNC Bank, N.A., CIT Finance LLC, Compass Bank, Regions Bank and SunTrust Banks.