News

Tractor Supply Company hits store milestone
Tractor Supply Company is celebrating the opening of its 1,600th store, which opened in Brentwood, Calif. The new store will hold its grand opening on Saturday, Feb. 4th.
Modern furniture retailer opens largest store to date
Design Within Reach has opened a store in Portland, Ore., in an historic building that dates back to the end of the 19th century. The retailer opened in the city’s North Pearl District, in a circa 1890 two-story brick warehouse that originally served as a distribution center for pottery and housewares. "We're thrilled to be a part of the vibrant, evolving Pearl District and the opportunity to support the preservation of this historic building," says DWR president John McPhee.

Kimco completes renovation and announces new tenants

Kimco’s $18 million renovation of Wilde Lake in Columbia, Maryland, has been completed and the mixed-use development is welcoming three new retail tenants. Starbucks will open both a café and a drive-thru this year and Salons by JC plans a fall opening. Dynamic Dental Care opened in December. Wilde Lake has 230 residential units, 30,000 sq. ft. of office space, and 41,000 sq. ft. of retail.
Report: Fraud, risk incidents rise in 2016

Fraud, cyber and security incidents escalated in 2016. That’s according to the “Kroll Annual Global Fraud and Risk Report,” which surveyed executives worldwide across multiple industries and geographies. The study noted that 82% of the respondents experienced a fraud incident in the past year compared to 75% in 2015.
Amazon’s new logistics plan set sail — on the ocean

Eager for more control of how its products are shipped, Amazon is now organizing oceanic shipments.
Lane Bryant exec lands top role at HoneyBaked Ham

The former CEO of the nation’s top plus-size apparel chains will soon head up a food retailer. Just days after it was revealed that Linda Heasely had left her position as chief executive of Ascena Retail Group’s Lane Bryant and Catherine’s, Honey Baked Ham Company announced that it had appointed her as its new CEO, effective Feb. 6, 2017.
Walgreens CEO: Company in 'active discussions' to get approval for Rite Aid deal

With the deadline for the deal set to expire Friday, Jan. 27, Walgreens Boots Alliance CEO Stefano Pessina told shareholders attending the Walgreens Boots Alliance annual meeting Thursday morning that the board of directors for both Walgreens and Rite Aid were in "active" discussions toward getting the deal approved even as the Federal Trade Commission continues to deliberate over the proposed retail pharmacy merger.
Layoffs at Abercrombie

Abercrombie & Fitch is in cost-cutting mode. The teen apparel retailer has let go 150 employees at its headquarters in New Albany, Ohio, Columbus Business First reported. The retailer said the layoffs were part of its “ongoing cost reduction initiatives,” according to the report.
Alibaba affiliate buys MoneyGram

A new acquisition by Alibaba positions the company to accelerate the accessibility of global financial services. Ant Financial Services Group, Alibaba’s e-payment arm and the parent company of Alipay, is purchasing money transfer firm MoneyGram for approximately $880 million, according to Business Insider.
H&M to debut shoppable runway show at Paris Fashion Week

For the first time, H&M shoppers will be able to purchase merchandise straight on the runway. On March 2, H&M is launching its ‘See Now, Buy Now’ show, which enables customers to log onto its site and purchase items from its H&M Studio collection immediately following its presentation during Paris Fashion Week. Merchandise will also be available in select H&M stores.