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Supply Chain & Merchandising

  • New Fairway Market to open in TriBeCa in 2014

    New York -- Fairway Group Holdings Corp., parent company of the Fairway Market grocery chain, has signed a long term lease to open a 52,242-sq.-ft .grocery in Manhattan's TriBeCa neighborhood with commercial realtor Jack Resnick & Sons.

    This store is expected to open in fall 2014. It will be the first Fairway location in Lower Manhattan and the 16th Fairway food store in the tri-state New York, New Jersey and Connecticut region.

     

  • The Container Store is going public

    Ending years of speculation, the Container Store late Monday filed a registration statement with the Securities and Exchange Commission for an initial public stock offering.

    The operator of 62 stores in 22 states with annual sales of $702 million contends the U.S. can support as many as 300 locations with international growth also a possibility. The company expects to open six stores during the current fiscal year and seven stores next year. The company’s stores average around 19,000-sq.-ft. and carry approximately 10,500 items grouped in 16 departments.

  • E-Commerce is On for Off-Price Retailers

    Off-price retailers have traditionally stayed offline when it comes to conducting actual retail transactions. While most off-price retailers have long operated informational sites where customers can perform tasks such as locating nearby stores and checking prices, it has been very rare for retailers in this space to allow customers to buy goods via the Internet. Until now.

  • Macy’s expands staff for holiday shopping season

    Macy’s has announced plans to hire 83,000 seasonal employees at its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2013 holiday season, representing a 3.8% increase from last year’s 80,000 seasonal hires. 

  • U.S. investigators raid Lumber Liquidator’s offices

    New York -- Lumber Liquidators Holdings Inc., the fast-growing hardwood flooring retailer, said Friday that federal authorities with search warrants showed up at its corporate offices Virginia, on Thursday. The company said that the federal authorities' actions were related to certain wood flooring product imports.

    The authorities were from the Department of Homeland Security's Immigration and Customs Enforcement and the U.S. Fish and Wildlife Service.

  • 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 performs better than expected

    Sales at Indianapolis-based athletic footwear and apparel retailer Finish Line grew 13.3% to $436 million and earnings per share increase 10.2% to 54 cents, nine cents better than analysts forecast for the period ended August 31.

    Company chairman and CEO Glenn Lyon characterized the performance as solid, and credited a 0.9% comp increase and expense control for profit growth.

  • 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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