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  • Staples strategy focuses on growth, productivity

    FRAMINGHAM, Mass. — Staples plans to improve customer experience, accelerate growth and deliver value to shareholders through a new strategic plan. Under the plan, Staples will integrate its retail and online offering, increase investment in its online businesses, reorganize its operations, implement leadership changes, initiate a multi-year cost savings plan, and restructure its international operations.

  • Staples unveils plan to close 60 stores, invest in online/mobile efforts

    Framingham, Mass. -- Staples Inc. announced Tuesday a strategic plan to shore up sales and profitability that will involve accelerating the closure of 15 U.S. stores and 45 stores in Europe.

    The office supplies retailer also said it will ramp up investment in its online and mobile efforts.

    The announcement comes after a soft second quarter in which profit and traffic dipped downward.
     

  • RILA applauds East Coast port labor extension

    Arlington, Va. -- The Retail Industry Leaders Association (RILA) issued the following statement in response to an announcement that the U.S. Maritime Alliance and the International Longshoremen’s Association have agreed to a 90-day extension of the collective bargaining agreement due to expire on Sept. 30.

  • Growing Out of Business

    By Kevin Kulinowski, Robert Grosskopf and Rick Edwards, Gordon Brothers Group

    The defining paradox of our industry is that closing stores has become a trademark of successful retail companies. Certainly healthy retailers are opening new stores; but shuttering locations has become the norm as well and, in most instances, is equally indicative of positive growth.

  • SPL Realty secures 11 leases for Lorna Jane’s U.S. expansion in California

    Santa Monica, Calif. -- SPL Realty Partners, exclusively representing Australian women’s activewear retailer Lorna Jane, announced 11 leases have been secured for Lorna Jane’s expansion into the United States.

    The retail sites are located throughout the Southern California region including stores in Santa Monica, Woodland Hills, Glendale, Irvine and Huntington Beach.

    A warehouse was also secured for the support of the network of retail stores and online fulfillment in Santa Monica, Calif.

  • Publix enters North Carolina

    Publix is making its North Carolina debut with the planned opening of a new store in the greater Charlotte area.

    The company has signed a lease for a store at Providence Road West and Johnston Road in Ballantyne. The store will be part of a new division based in Charlotte.

    While Ballantyne marks Publix’s long awaited entry into North Carolina, the company is looking ahead to continued growth within the state and in its current operating areas of Florida, Georgia, South Carolina, Alabama and Tennessee.

  • SRS Real Estate to represent Shopko in property disposition

    Dallas -- SRS Real Estate Partners has been selected to represent Shopko in the disposition of its outlot properties and vacant properties in 19 states across the Midwest and western United States.

    The outlots range in size from 14,000 sq. ft. to 219,000 sq. ft., and the vacant properties range in size from 18,700-sq.-ft. retail locations to a 214,000-sq.-ft. industrial property.

     

  • 99 Cents Only amps up sustainable efforts in Southern California

    CITY OF COMMERCE, Calif. — 99 Cents Only has leased 40 new compressed natural gas-powered tractors from Ryder.

    The new CNG trucks will operate exclusively in the Southern California market, making store deliveries and picking up goods from vendors. As part of its full-service lease, Ryder will provide both the CNG tractors, as well as maintenance for the vehicles. The chain said the tractors will replace its oldest diesel burning units with cleaner CNG rigs, making it one of the largest private Class-8 CNG fleets in Southern California.

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