Sales & Marketing

Burlington, N.J. - Affiliates of Bain Capital Partners LLC and certain other stockholders of Burlington Stores Inc. intend to offer eight million shares of the company’s common stock in an underwritten public offering. The offering consists entirely of secondary shares to be sold by the selling stockholders.

Burlington Stores will not sell any shares in the offering and will not receive any proceeds from the offering. J.P. Morgan is acting as sole book-running manager for the offering.

Austin, Texas - Starmount has donated laptop computers to Retail ROI to help equip a computer lab at the Hogar de Niños Tía Tatiana School, an inner-city school in Herrera that’s located in an impoverished area in Santo Domingo, Dominican Republic. The laptops will be used to help replace outdated computers at the school, which serves more than 500 children.

Target is completely revamping its app, while also working on a new one for pharmacy.

“We view mobile as the new front door to Target,” says Jason Goldberger, SVP of Target.com and mobile, was quoted as saying in the company’s newsletter, A Bullseye View. “We’re launching a host of significant enhancements and updates to Target’s mobile offerings — making it easier than ever for guests to shop Target.”

New York – Ann Inc. is opening its first Loft store in Mexico, continuing the company's international expansion. The store is located in the Antea Lifestyle Center in Queretaro, with additional locations planned for later this year in Mexico City's Parque Toreo Mall and Puebla's Angelopolis Mall.

Ann Inc. is working with its franchise partner Grupo Axo to establish its retail presence in Mexico.

With average in-store purchases exceeding online sales by two and three times, popular online-only retailers, including Birchbox, Piperlime, Bonobos and Blank Label are continuing their expansion into physical storefronts, further accelerating the trend of online retail concepts expanding their omnichannel sales strategy to include physical locations.

Aliso Viejo, Calif. - Johnny Rockets has reached its first agreement to distribute private label menu items for home consumption. Blackwood Industries, Inc., based in Orlando, Florida, has been selected to distribute branded hamburger patties and other related products via retail, as of Oct. 1, 2015.  

This comes on the heels of a recent Johnny Rockets announcement to launch Johnny Rockets Route 66 and Johnny Rockets Express restaurant banners.

Dallas -- Cypress Equities companies announced that Cypress Lake Pleasant, LP, a new affiliated partnership, has purchased the fee simple interest in the Lake Pleasant Crossing shopping center in Peoria, Arizona.

Cypress previously held a ground lease interest in the property, having developed the existing shopping center and Lowe’s Home Improvement Center on the site. With the purchase, Cypress is in the process of making several upgrades to the existing center as well as planning for the second phase of development.

Neuhausen, Switzerland -- Tyco Retail Solutions has announced positive results from its RFID pilot with Chico’s FAS. With focus on evolving its omnichannel retailing strategy, Chico’s partnered with Tyco to address inventory accuracy and visibility challenges in 13 Soma Intimates pilot locations.