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  • Amid weak Q4 results, Under Armour loses key exec

    In addition to disappointing fourth quarter sales, Under Armour announced that its CFO is stepping down.   The company reported that CFO Chip Molloy is leaving the company “due to personal reasons,” and David Bergman, Under Armour’s senior VP, corporate finance, will serve as acting CFO. Molloy will remain with the company in an advisory capacity to assist with the transition, the brand said.  

  • Macy’s sells chocolate brand

    Macy’s is exiting the chocolate business.   The department store retailer is selling its Frango chocolate brand to Garrett Brands, owner of Garrett Popcorn Shops, for an undisclosed amount.     Macy’s had inherited Frango, whose roots date back to 1918, from Marshall Field & Co., which was acquired by Macy’s in 2005.  

  • Lamps Plus purchases $7 million warehouse to speed up fulfillment

    Lamps Plus is taking steps to meet its shoppers’ increasing demand.   The lighting retailer is expanding its warehouse presence in Redlands, Calif., with the acquisition of a 57,000-sq.-ft. building. The building is located next to Lamps Plus’ existing 800,000-sq.-ft. facility, which opened in 2007.   

  • Amazon wins new robot patent

    Amazon’s packing processes are about to get even faster.   The retail giant has been issued a patent for a robot that can pack orders, potentially speeding up the fulfillment process, according to NBC News.   

  • Amazon’s new logistics plan set sail — on the ocean

    Eager for more control of how its products are shipped, Amazon is now organizing oceanic shipments.  

  • Founder sells Art Van Furniture to private equity firm

    The owner of one of the largest independent furniture chains in the country has sold his company to a private equity firm approximately 58 years after he founded it.  

  • Analysis: Walmart should focus on its customers to succeed, not try to copy Amazon

    Walmart made sweeping changes to its e-commerce organization for the second time since it acquired online retailer Jet.com and appointed company founder Marc Lore as head of its own e-commerce division. The latest move, announced in a memo to Walmart associates on Jan. 13, further consolidates the retail giant’s online properties, and strengthens Lore’s influence on the chain’s digital strategy as it faces-off with Amazon.    

  • DDR buys Chicago center for $81 million

    DDR has purchased a new Chicago center anchored by a Mariano’s supermarket for $81 million. The 137,618-sq.-ft. property is located on 3030 North Broadway in the Lakeview section of town.   XSport Fitness, PNC Bank, and Starbucks are tenants in the center along with Mariano’s, a chain Chicagoland founded by former Dominick’s deli worker Bob Mariano, who grew it to nearly 48 stores. The chain is now owned by Kroger.  
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