RaceTrac Launches Franchise Program

Atlanta — RaceTrac, one of America’s leading retail, fuel and convenience store destinations, has launched its new franchise program. RT Franchising, Inc. currently has franchise opportunities in the Central Florida cities of Clermont, Mt. Dora and DeLand. RaceTrac has more than 170 locations in Florida.

Payless ShoeSource to Close All 2,100 U.S. Stores

Topeka, Kan. — Payless ShoeSource will close all 2,100 of its stores in the United States and Puerto Rico as it moves toward liquidation. According to a statement by the company provided to USA Today, which first reported the news on Feb. 15, Payless expects all stores to remain open through March.

Hobby Lobby Fills Empty Toys"R"Us Spaces

Atlanta — SRS Real Estate Partners has brokered two new leases for Hobby Lobby in empty Toys"R"Us and Babies"R"Us stores in greater Atlanta. The first location, the former Toys”R”Us/Babies”R”Us in the Akers Mill Shopping Center in Atlanta, is 58,907 square feet. The second location is in the North Point Market Center in Alpharetta. This location spans 50,275 square feet.

Skechers Surpasses 3,000 Stores

Manhattan Beach, Calif. — Skechers USA, Inc., a global footwear leader, has tripled its retail store presence in 5 years and has surpassed the 3,000-store mark with the opening of its new superstore in Shenyang, China — now the brand’s largest store at more than 32,000 square feet.

The Vineyards to Open in Spring 2019 With Sustainable Features & Fixtures

Porter Ranch, Calif. — With opening a couple months away, The Vineyards already is generating anticipation as Southern California's newest upscale and pedestrian-friendly shopping and entertainment center. What's more, The Vineyards will also feature some of the region's latest and most sustainable operating systems and eco-friendly fixtures.

Saks Fifth Avenue Debuts New Main Floor of Manhattan Flagship Store

New York City — On February 5, 2019, Saks Fifth Avenue opened one of the largest luxury handbag destinations in New York City, furthering the $250 million ‘grand renovation’ of its Fifth Avenue flagship. The 53,000-square-foot main floor of the New York Flagship triples the handbag department selling space which includes more than 50 brands —14 of which are new to the store.

Rebag Invests in Retail Expansion, Plans to Open 25 New Stores

New York City — Rebag, the ultimate destination for buying and selling luxury handbags, has raised $25 million in Series C funding, bringing its total funding raised to $52 million. Led by private equity firm Novator, this round also includes existing investors General Catalyst and FJ Labs. As part of its investment, the digital-native retailer plans to expand its brick-and-mortar presence to 30 locations.

JOANN Stores Names President & CEO

Hudson, Ohio — JOANN Stores, the nation’s leading fabric and craft specialty retailer, has named Wade Miquelon as president, CEO and a member of the board of directors. Miquelon was appointed interim president and CEO in October 2018, in addition to continuing in his role as executive vice president and CFO, and led JOANN through a successful holiday season.

The Michaels Companies to Close All 36 Pat Catan’s Arts & Craft Stores

Irving, Texas — The Michaels Companies, Inc. has decided to close all of its Pat Catan’s stores in the fourth quarter of fiscal 2018. Pat Catan’s is a 36-store retail supplier of arts and crafts in Ohio and surrounding states. The company intends to rebrand up to 12 of the closed Pat Catan’s stores and reopen them under the Michaels banner.

Hudson Group Wins 10-Year Contract to Bring New Retail to Indianapolis International Airport

East Rutherford, N.J. — Hudson Group, a leader in North American travel retail, has won new business at Indianapolis International Airport (IND), bringing national brands and unique retail concepts to the Hoosier state. The 10-year contract, which is part of the airport’s concessions refresh program, includes nine stores and nearly 9,000 incremental square feet.

Express, Inc. CEO Departs, Company Names Interim CEO/President

Columbus, Ohio — David Kornberg, chief executive officer of Express, Inc., a leading fashion apparel retailer, has departed. Effective January 22, 2019, Kornberg vacated his positions as CEO, president and a member of the board of directors. Kornberg will remain employed by the company through February 21, 2019. The board of directors has appointed Matthew Moellering as interim CEO and interim president until a permanent CEO and president is appointed.

Skechers Breaks Ground on Corporate Headquarters Expansion

Manhattan Beach, Calif. — Footwear industry leader Skechers USA, Inc. has broken ground on an expansion of its corporate headquarters that will span several adjacent buildings in Manhattan Beach and Hermosa Beach, Calif. The project will more than double the company’s office, design and showroom space in the South Bay, bringing it to just over 330,000 square feet. Completion is anticipated for 2022, just in time for Skechers’ 30th anniversary.

PGA TOUR Superstore Continues Nationwide Expansion

Atlanta — PGA TOUR Superstore, the country’s leading golf retailer, will open at least six new stores in 2019 as it accelerates its growth strategy to expand its brick-and-mortar presence by more than 50% over the next 3 years. The company currently operates 35 stores in 15 states. PGA TOUR Superstore also posted an overall sales growth of 14% in 2018, fueled by strong comp store sales and double-digit e-commerce growth.

Subscribe to this RSS feed

More News