Avison Young announced completion of the sale of Shoppes at Vickery Village, a 77,794sq.-ft., 11-building center in Cumming, Georgia. The real estate services firm reports that the purchase price was 20% more than the seller paid for the property only 18 months ago.
While consultants have argued for decades that workforce management (WFM) is a mixture of art and science, it is neither. It comes down to profit and applying practical – not over-engineered – workforce management practices that enable higher performing retail operations.
Walmart has asked suppliers to remove "high priority chemicals," such as formaldehyde and triclosan, from their products as part of an effort to eliminate controversial chemicals from household goods.
The Rite Aid Foundation's KidCents program announced Wednesday a $25,000 donation to the Downtown Boxing Gym Youth Program, a Detroit-based nonprofit that empowers Detroit youth to be positive and productive members of society through education, athletics, mentorship and intervention.
The Dallas area is getting its sixth Nordstrom Rack store.
Nordstrom said it will open a Nordstrom Rack at The Centre at Preston Ridge in Frisco, Texas. The approximately 33,000-sq.-ft. store is scheduled to open in fall 2017. The property is owned by Brixmor Property Group.
Influential and longtime Walmart executive Don Soderquist died after complications related to heart surgery. He was 82.
Soderquist joined Walmart in 1980 as executive VP of administration and logistics and was a driving force behind the company’s growth. From 1988 to 1999, he served as vice chairman and COO. He retired in 2000 and remained on the Walmart board until 2002.
New store formats loom large in Starbucks Corp.’s long-term strategy.
The coffee giant on Monday announced that Cliff Burrows, who has headed up Starbucks' Americas business for eight years, will lead a new group within the company called Siren Retail. In the role, Burrows will oversee the global expansion of the chain’s new Roastery concept, as well as the development of the upscale Starbucks Reserve stores. http://www.chainstoreage.com/article/coffee-giant-two-new-store-expansion-moves
