News

The store is making a comeback. Even online pure plays are laying down bricks and mortar, setting up “shop-in-shop” stores and large flagships to keep pace in the multichannel world.
 

L Brands subsidiary Victoria’s Secret has named a veteran of the specialty and intimate apparel verticals as its new CEO.

Jan Singer, who served as CEO of Spanx from June 2014 – March 2016, is now CEO of Victoria’s Secret. Previously, she held corporate VP positions at Nike from February 2004 – June 2014.

Rent-to-own retailer Rent-A-Center Inc. has named Angela Yochem to senior VP, IT and CIO.

Yochem’s responsibilities will include developing Rent-A-Center’s IT talent; expanding recently developed technologies; enhancing the company’s web, online and mobile solutions; and providing technology leadership for new opportunities.

In Bridgeport, Connecticut, one of the most ambitious and unique waterfront developments in the nation continues to take shape.
 

In Dublin, Ohio, an ambitious new development is taking shape – a project with the potential to literally and figuratively remake the city’s development landscape. The project is Bridge Park, a $350 million mixed-use development that is the central component of a larger 1,100-acre Bridge Street District development plan. The project is the first step in a comprehensive master-planned vision that was formally approved by Dublin’s City Council in 2010.
 

The tenant mix is neighborhood shopping centers is western states is transforming as centers looking to remain relevant to shoppers and more effectively compete with other types of centers.

ModCloth, a San Francisco-based e-commerce retailer focused on vintage and independent apparel styles, has named Nicholas Genest as CTO.
 
Genest joins ModCloth with more than 15 years' experience across consumer, tech and online retail industries. He most recently served as the CTO for the online luxury consignment retailer The RealReal, where he strategically led the development of their mobile, web and data technologies since 2013.

The National Retail Federation (NRF) is saying thanks to representatives in Congress who back retailers on important issues.

Toys “R” Us Inc. is creating a new position of CTO and turning to a veteran of American Eagle Outfitters (AEO) to fill it.
 
Lance Wills will join Toys “R” Us as executive VP, global CTO effective June 13. He will report directly to chairman and CEO Dave Brandon. In his newly created role, Wills will oversee global and IT digital strategy, including governance and infrastructure.
 

Grocery giant Supervalu Inc. is one step closer to separating its troubled Save-A-Lot banner.
 
Supevalu, which initially announced it was exploring spinning off Save-A-Lot into a standalone, publicly traded company in July 2015, has completed the amendment of an existing $1.5 billion senior secured term loan agreement. This amendment permits the company and its subsidiaries to undertake certain transactions deemed necessary to enable a spinoff of Save-A-Lot.