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Data & Analytics

  • REI’s DC eyes ‘free energy’

    Never mind going for the gold, REI has visions of platinum — LEED platinum, that is.    Outdoor retailer REI has designed its distribution center to be ‘Net Zero Energy.’ By creating a facility that produces enough renewable energy to meet its own annual energy consumption requirements, REI hopes earns LEED Platinum status — the highest level in the U.S. Green Building Council’s (USGBC) rating system.   

  • Conn’s to embark on $700 million securitization transaction

    Specialty retailer Conn’s is preparing for its newest round of securitization.   Conn’s has entered into an agreement to securitize approximately $700 million of retail installment contract receivables, with an expected Oct. 6 closing. The face amount of the notes to be issued is $1.12 billion, with an advance rate of 77.5% of the outstanding customer receivables portfolio balance. This equates to approximately 89.5% of net book value at July 31, 2015.   

  • Bankston joins Levin as VP of property management

    Gilbert Bankston, who’s managed shopping centers for both Simon Properties and General Growth Properties joined Levin Management as VP of property management.   Ten of his 13 years in commercial property management were spent at GGP, where Bankston rose to senior general manager with a focus on maximizing net operating income. At Levin, he is charged with delivering best-in-class service in property management and maintaining positive tenant-landlord relationships.  

  • Report: EMV delays slow security efforts

    One year later, retailers still await the promise of chip-card security.   The one-year anniversary of the Europay, MasterCard, Visa (EMV) mandate is looming, yet delays by the card industry have left thousands of new chip readers unused and consumers with far less improvement in security than what was expected, according to a recent survey from the National Retail Federation.  

  • American Eagle names new executive VP, CFO

    American Eagle continues to strengthen its management team to further drive its growth.   Bob Madore has been appointed executive VP and CFO, starting Oct. 28. In his new role, Madore will oversee all aspects of finance, merchandise planning and allocation, and investor relations. He will report to American Eagle’s CEO Jay Schottenstein.  

  • A speedy exit for Stein Mart CEO

    There is a leadership change underway at Stein Mart.   Dawn Robertson resigned from her position of CEO and company direc-tor. D. Hunt Hawkins, the chain’s president and COO, has been named interim CEO.  

  • Pier 1 sales drop for Q2

    Despite strong digital gains, Pier 1 is feeling the effect of soft store sales during the summer.   Net sales for the second quarter for fiscal 2017, ended Aug. 27, 2016, decreased 6.7% to $405.8 million, compared to $435.0 million for the same period last year. Comparable store sales for the quarter decreased 4.3%.   Gross profit also fell during the second quarter, hitting $145.0 million, compared to $154.6 million in the second quarter of fiscal 2016.  

  • Pier 1 protects brand with ‘poison pill’ plan

    In addition to posting its earnings, Pier 1 announced a plan to protect the company from potential takeover bids.    On Tuesday, the home decor chain announced a “Rights Protection Agreement,” which will protect itself from any single shareholder seeking to acquire a 10% stake or more, as summarized in an article in MarketWatch.  
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