Art Van Furniture President & CEO to Retire

Warren, Mich. — Kim Yost, president and CEO of Art Van Furniture, plans to retire after 9 years with the company. In order to ensure a seamless leadership transition, Yost will maintain his current role until a successor has been appointed. Art Van has commenced a process to identify and evaluate candidates for the position.

Custom Apparel Brand INDOCHINO Builds Retail Network With 4 New Locations

Vancouver, B.C. — INDOCHINO, the global leader in made-to-measure apparel, is launching a “designed by you” showroom experience this spring in key U.S. markets: Charlotte, N.C.; Houston; Austin, Texas; and Dallas. The locations are four of several new showrooms slated for 2018 as the company continues to accelerate expansion and transform retail by making luxury custom clothing an affordable reality for millions of men.

Albertsons to Buy Rite Aid

Boise, Idaho — Boise, Idaho-based grocery chain Albertsons Cos. has agreed to acquire Rite Aid Corp., one of the nation’s largest drugstore chains, for an undisclosed sum. The integrated company will operate about 4,900 locations, 4,350 pharmacy counters, and 320 clinics across 38 states and Washington, D.C., serving more than 40 million customers per week.

Gap Brand President to Depart Gap, Inc.

San Francisco — Jeff Kirwan, president and CEO of Gap brand, will leave Gap Inc. A search is underway for a new president of Gap brand. In the interim, Brent Hyder, currently serving as Gap Inc.’s executive vice president, global talent and sustainability, will oversee the brand.

Kroger Opens Culinary Innovation Center in Cincinnati

Cincinnati — Kroger has opened its Culinary Innovation Center in downtown Cincinnati. Kroger commenced construction on the 12,000-square-feet, LEED-designed Center in March 2017. The commercial kitchen features multiple cooking stations, spaces and capabilities, including technology that allows video streaming of educational sessions to Kroger associates across the country.

FAO Schwarz Plans Global Expansion

New York City — Subsequent to its successful re-launch in 2017, the iconic toy retailer FAO Schwarz continues its international growth strategy, propelling the brand into new global markets, channels and categories. FAO Schwarz also recently revealed plans to build a new 20,000-square-foot flagship location in the heart of New York's historic Rockefeller Plaza in time for the holiday 2018 season.

Big Lots Names SVP, Chief Customer Officer

Columbus, Ohio — Big Lots, Inc. has appointed Stephen M. Haffer as senior vice president, chief customer officer. He joins the company from American Signature, Inc., where he most recently served as chief innovation officer.

Bon-Ton to Close 47 Stores in Early 2018

Milwaukee — The Bon-Ton Stores Inc. has unveiled the 42 store locations that will be closing as part of a previously announced “store rationalization program.” The closing locations are in addition to five other recently announced store closures, four of which the company completed at the end of January.

RD Management Hires New Chief Development Strategist

New York City — RD Management LLC, one of the nation’s largest privately held real-estate development and management organizations, has hired Christopher Bowen as chief development strategist to manage the redevelopment project of University Mall in Tampa, Fla. Bowen brings over 25 years of national commercial development experience.

Kroger Promotes SVP of Retail Divisions & President of Fry’s

Cincinnati — The Kroger Co. has named key leadership promotions to support Restock Kroger. Steve McKinney, currently president of the Fry's Food Stores division, has been promoted to senior vice president of retail divisions for the company, effective February 5, 2018. Monica Garnes, currently corporate vice president of produce-floral merchandising, will succeed McKinney as president of the Fry's division.

At Home Opens 150th Store

Plano, Texas — At Home Group Inc., the home décor superstore, opened its 150th store located in Beavercreek, Ohio, on January 31, 2018. The event marks a major milestone in the company's growth plans.

Office Depot Unveils Reimagined Retail Stores

Boca Raton, Fla. — Office Depot, Inc. has unveiled its market makeover of 14 stores in Austin, Texas, including a flagship location — "BizBox: Powered by Office Depot" — that integrate the company's recently launched BizBox offering into its retail locations.

Mattress Firm Appoints New CEO

Houston — Mattress Firm, Inc., the nation's largest specialty mattress retailer, has announced that Ken Murphy will step down as CEO and president and Steve Stagner, executive chairman and chairman of the board, will assume the additional responsibilities of CEO effective March 1.

Art Van Furniture Debuts New Look with New Flagship Store

Warren, Mich. — Art Van Furniture has unveiled a new flagship store in Canton, Mich., its first showroom in Michigan to be built from the ground up in two decades. The Midwestern furniture and mattress retailer is ushering in a new look and a new era in its home state with the two-story, 70,000-square-foot showroom, located on Ford Road opposite IKEA.

Toys“R”Us to Close More Than 180 Stores

Wayne, N.J. — Toys“R”Us, Inc. plans to close 182 Toys“R”Us stores in the U.S. as part of a company-wide reinvention of its brands. In addition, the Wayne, N.J.-based retailer will convert a number of locations into co-branded Toys“R”Us and Babies“R”Us stores.

Vixxo Partners With More Than 500 7-Eleven Sunoco Stores

Scottsdale, Ariz. — Vixxo, a leader in technology-enabled facility and asset management solutions, has expanded its client roster with the addition of 7-Eleven owned Sunoco stores. Through this partnership, Vixxo will provide maintenance services to more than 500 Sunoco locations on the East Coast.

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