News

The Richmond Times-Dispatch is reporting that the 19 Martin’s Food Markets stores in the area will be either sold or closed as the completion of parent company Ahold’s merger with Delhaize Group. The Richmond-area stores are just some of the 83 stores the combined companies are looking to unload across the eastern and northeastern U.S. (Richmond Times-Dispatch)

The Bon-Ton Stores Inc. is adding some accounting expertise to its board of directors.

The company announced it has elected Debra K. Simon to its board, effective immediately, expanding its board membership to 10.

Ikea is opening a new distribution center in Ontario as the Swedish home furnishings retailer ramps up plans to double its footprint in Canada over the next 10 years.

Ikea says its new distribution center in Mississauga, Ontario, allows the company to become even more accessible to customers by allowing for fulfillment of customer orders from four Toronto area stores and e-commerce purchases. This improved logistical set-up will enable shorter lead times for customers to receive their products, while at the same time contributing to Ikea's sustainability goals.

Virginia Beach, Va. -- GGP announced outdoor retailer L.L. Bean will be opening at Lynnhaven Mall in Virginia Beach, Virginia this spring.

The growth of digital shopping tools continues to benefit physical stores with new seasonal research from the International Council of Shopping Centers (ICSC) showing how much.

It’s been more than 15 years since they started ringing the death knell for brick-and-mortar retail. And although the Internet shopping base continues to grow, the in-store experience is here to stay. Even the doomsayers have quieted during recent years. There are simply too many things about in-store shopping that the online experience can’t offer.

American Apparel Inc. is the latest retailer to offer customers one-hour online delivery.

American Apparel is partnering with on-demand logistics provider Postmates to offer on-demand delivery of more than 50 core basic items in select markets within one hour. The new service will be offered in 79 of the vertical specialty retailer’s stores across 31 metropolitan areas.

Tommy Hilfiger will be inducted into the World Retail Hall of Fame at the 10th Annual World Retail Congress, to be held at the Madinat Jumeirah in Dubai on April 12-14.

Hilfiger introduced his signature collection in 1985. Since then, the business has grown from a single menswear collection to a global lifestyle brand achieving over $6.7 billion in retail sales in 2014. There are over 1,400 Tommy Hilfiger stores in over 115 countries.