News

SALISBURY, N.C. — Food Lion stores located along the coasts of North Carolina and South Carolina raised more than $100,000 during the retailer's "Thriller on the Griller at the Beach" events.

The events, which took place from June 17 to July 3 at 14 stores, raised $101,149, Food Lion said. The company said that the funds raised surpassed the retailer's goal by nearly $15,000.

NEW YORK — Aeropostale announced that it has launced a rewards program for its children's retail brand, P.S. from Aeropostale. 

Ann Arbor, Mich. -- Borders Group, which had been holding out hope that a buyer would come forward to save the company, said late Monday it will seek court approval Thursday for a liquidation led by Hilco Merchant Resources and Gordon Brothers Group.

The bookseller said that, with approval by the U.S. Bankruptcy Court of the Southern District of New York, it could begin shuttering its 399 remaining stores as early as Friday, and it is expected to go out of business for good by the end of September.

North Plainfield, N.J. -- Results of a survey released Tuesday by shopping center owner Levin Management Corp. showed that, while store sales remain relatively flat, the majority of its retail tenants are optimistic about the balance of 2011.

BENTONVILLE, Ark. — Walmart announced that it is making back-to-school shopping even easier with new store improvements. Back-to-school items are now organized, both in stores and online, in one place and categorized by school age group, so families can quickly and easily shop supplies appropriate for their child’s grade, the company reported. Many of the most common school supply list items are located down the center of the back-to-school aisle allowing families to quickly check these items off their list.

CINCINNATI — Kroger banner Smith's has a new president. Mark Tuffin will succeed Jim Hallsey, who is retiring from his post after 47 years of service with Smith's and Kroger, the supermarket retailer announced Tuesday. Hallsey served in his role as president of Smith's since 2001.

Tuffin, who most recently served as Kroger's VP transition, leading the company's efforts to implement significant organizational changes between all areas of the business, brings more than 30 years of experience to his new role. Tuffin joined Smith's in 1996.

NEW YORK  — The International Licensing Industry Merchandisers’ Association (LIMA) has announced the addition of six new members to the board of directors. The new directors were elected by a vote of the LIMA membership and their terms will run from July 1 through June 30, 2014. 

Joining the LIMA board are: 

COLUMBUS, Ohio — Big Lots has acquired 89 Liquidation World stores in Canada and becomes the latest U.S. retailer to pursue growth opportunities north of the border.

The company said it invested $20 million in cash and assumed certain liabilities in order to purchase all outstanding shares, satisfy debt obligations, and acquire all assets and leasehold rights of Liquidation World, an operator of 89 stores offering closeout merchandise. Big Lots currently operates 1,405 stores in the United States.