Lowe’s CEO to Retire

Mooresville, N.C. — After 25 years with Lowe's Companies, Inc., Robert A. Niblock plans to retire as chairman, president and CEO of the company. The board of directors has initiated a search for his successor, and in the interim Niblock will remain in his current role.

Retail Will Find a Way

The repositioning of existing space into multiple retailer formats is a necessary, and welcomed, evolution of our commercial, experiential and cultural built environment.

Orangetheory Fitness Names New SVP of Domestic Franchise Development

Boca Raton, Fla. — Orangetheory® Fitness has hired Mike Mettler as senior vice president of domestic franchise development. He will be responsible for overseeing the company's domestic growth and expansion, as well as providing strategic leadership to assist the fitness franchise in achieving its goal of having more than 1,100 open studios worldwide by the end of 2018.

bebe Opens its First Lifestyle Retail Store in New York City

New York City — The bebe® brand has opened its first lifestyle retail store in New York City, nearly a year after announcing it would close all brick-and-mortar stores. Located in the heart of Manhattan at 1 West 34th St., between 5th and 6th Avenues, the store sits adjacent to the Empire State Building. The new store also features bold bebe signage made of 38,000 Swarovski crystals.

Ross Stores to Open 100 New Locations in 2018

Dublin, Calif. — Ross Stores recently opened 23 Ross Dress for Less® and six dd's DISCOUNTS® stores across 14 different states in February and March. These new locations are part of the company's plans to add approximately 100 new stores — 75 Ross and 25 dd's DISCOUNTS locations — during fiscal 2018.

Target to Remodel More Than 300 Stores in 2018

Minneapolis — As part of several initiatives in its accelerated multiyear strategy, Target Corporation will nearly triple the size of its remodel program in 2018, updating more than 300 stores around the country and making sizeable investments in key cities like Chicago, Los Angeles, Minneapolis-St. Paul and New York.

Hertz Names New Chief Retail Operations Officer

Estero, Fla. — Hertz Global Holdings, Inc., has hired Paul Stone as executive vice president and chief retail operations officer (CROO), North America. Stone, who will join Hertz on March 6, brings more than 30 years of operational expertise from his leadership roles with retail giants Sam's Club/ Walmart and Cabela's.

Fashion Retailer Dry Goods to Open 12 New Locations in 2018

Davenport, Iowa — Fashion destination Dry Goods plans to open 12 additional national locations in 2018. The openings are part of the boutique retailer's nationwide growth plans to showcase the latest fashion trends to young shoppers across the country. Dry Goods USA is a subsidiary of Von Maur Department Store. The new stores will open at the following locations:

Saks Fifth Avenue Opens Third Store in Canada

New York City and Calgary, Alberta — Saks Fifth Avenue has opened its newest store and third Canadian location, Saks Calgary. The 115,000-square-foot, two-level retail destination is located at the CF Chinook Centre, Calgary. An in-store dining experience and salon are slated to open soon in 2018.

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.

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