Retail

DEERFIELD, Ill. — Walgreens and Chicago-based solar developer SoCore Energy plan to build more than 200 new solar installations at Walgreens stores throughout California, Connecticut, Delaware, Massachusetts, New Jersey and New York.

This latest expansion will bring the number of completed solar installations at Walgreens stores to more than 350, making the company the leading retailer in number of solar powered stores.

Camp Hill, Pa. — Rite Aid is offering to buy back $810 million worth of debt while increasing the amount of a new bond sale announced Tuesday, the retail pharmacy chain said.

Rite Aid said it would buy back all of its $810 million worth of 9.5% senior notes due 2017. The company also said it would increase the $400 million offering of 6.75% senior notes due 2021 by another $410 million, for a total of $810 million, as part of a debt-refinancing plan.

ROSWELL, Ga. — Scott Home Improvement Solutions will host more than 200 Menards contractors as part of the Scott 160, inviting them to act collectively as Grand Marshal at the inaugural ARCA/Menards 2013 Series Race at Road America in Elkhart Lake, Wis., Saturday, June 22. 

Kimberly-Clark and the Scott brand are partnering with ARCA series sponsor Menards to participate in the ARCA Racing series. Through the partnership, the Scott brand is an official sponsor of the ARCA series, an ARCA Rookie Challenge sponsor and race title sponsor of the Scott 160.

Washington, D.C. -- The National Retail Federation on Wednesday welcomed a letter from lawmakers urging the Internal Revenue Service to back off a proposed accounting rule change that could cost many retailers millions of dollars a year.



Men’s Wearhouse said it terminated company founder and executive chairman George Zimmer on Wednesday and postponed its annual meeting.

No explanation was offered for Zimmer’s termination, but the company indicated the board of directors, "expects to discuss with Mr. Zimmer the extent, if any, and terms of his ongoing relationship with the company."

Fremont, Calif. -- Men’s Wearhouse announced Wednesday that it has fired its founder and executive chairman George Zimmer; no reason was given for the sudden move.

Irvine, Calif. – European private label fashion brand is entering the U.S. e-commerce arena with the launch of a new office and website in the U.S. The site will offer leather goods, handbags and accessories at up to an 80% discount.

Eastside specializes in having fashion and design professionals analyze the market and then select materials and trends to create private-label goods and accessories.

New York -- Douglas Elliman’s Retail Group has won exclusive rights to lease a 25,000-sq.-ft., nine-building portfolio in Harlem.

Five of the buildings are on a central transverse at 135th Street, between Adam Clayton Powell and Frederick Douglass Boulevards, one is on Adam Clayton Powell Blvd. and three are on the revitalized Frederick Douglass Blvd. Store sizes range from 500 to 5,000 sq. ft.