Von Maur Continues Strategic National Expansion

Davenport, Iowa — On October 13, 2018, Von Maur opened a new department store at the Rosedale Center in Roseville, Minn. The 140,000-square-foot store is the company's second location in Minnesota. (The first Twin Cities-area store opened at Eden Prairie Center in 2001.)

Claire's Stores, Inc. Emerges from Chapter 11

Hoffman Estates, Ill. — Claire's Stores, Inc. has successfully completed its financial restructuring and emerged from Chapter 11 as the company's court-confirmed plan of reorganization went into effect on October 12, 2018. With support from its creditors and stakeholders, the company has eliminated approximately $1.9 billion of debt from its balance sheet and gained access to $575 million in new capital.

Petco Names Chief Stores Officer

San Diego — Petco has appointed accomplished sales leader and retail veteran Justin Tichy as chief stores officer (CSO) to oversee all operations and execution for Petco's 1,500+ retail locations across the U.S. and Puerto Rico.

Sears Holdings Files for Chapter 11 Bankruptcy; CEO Steps Down

Hoffman Estates, Ill. — On October 15, 2018, Sears Holdings Corporation and certain of its subsidiaries have filed voluntary petitions for Chapter 11 bankruptcy relief. Effective immediately, the company’s chairman and CEO, Edward S. Lampert, is stepping down from the CEO role. Also, the company will close 142 stores in addition to the previously announced 46 store closings.

Ross Stores Opens 40 New Locations

Dublin, Calif. — Ross Stores opened 30 Ross Dress for Less® and 10 dd's DISCOUNTS® stores across 19 different states in September and October. These new locations complete the company's store growth plans for fiscal 2018 with the addition of 99 new stores.

JCPenney Welcomes New Chief Executive Officer

Plano, Texas — J. C. Penney Company, Inc.’s board of directors has appointed Jill Soltau as chief executive officer and a member of the board, effective October 15, 2018. Soltau is a 30-year retail veteran who most recently served as president and CEO of JOANN Stores, the nation’s largest fabric and crafts retailer, after serving as president of Shopko Stores.

Nordstrom Local Expands in Los Angeles

Seattle — Nordstrom, Inc. recently opened Nordstrom Local Brentwood (214 26th St.) on September 28. Nordstrom Local Downtown Los Angeles (The Bloc, 750 W. 7th St., Suite S200) will open on October 12. Both stores bring unique services and design aesthetics to reflect the needs of customers who live nearby.

BIRKENSTOCK Opens First Company-Owned Retail Store in the U.S.

New York City — BIRKENSTOCK has opened its first company-owned retail store in the United States. The store is located in the historic SoHo neighborhood of lower Manhattan. Celebrating over 50 years of distribution in the U.S., the SoHo store gives the German brand a new home in the heart of New York, laying the groundwork for the continued growth of BIRKENSTOCK in the U.S. market.

JCPenney Chief Financial Officer to Depart

Plano, Texas — Jeffrey Davis has informed J. C. Penney Company, Inc. that he is resigning from his position as executive vice president and chief financial officer, effective October 1, to join Qurate Retail Group. Jerry Murray, senior vice president of finance, will assume the position of interim chief financial officer, reporting directly to the Office of the CEO.

Perfumania Launches its First Concept Store

Denver — Perfumania Holdings, Inc., a leading retailer and destination for designer fragrances, has launched a new concept store. Located inside the newly constructed Denver Premium Outlets in Thornton, Colo., the 900-square-foot space is designed to engage, educate and inspire today's consumers. The interactive store will offer expanded product offerings and will provide a vision for the brand's future retail expansion.

Topgolf Opens First Location in Minnesota

Minneapolis — On September 21, 2018, Global sports entertainment leader Topgolf® opened its first Minnesota location in Brooklyn Center in Minneapolis. The new three-level, 65,000-square-foot venue is the company's 46th location worldwide.

Kirkland's Names CEO, President/COO Appointments

Nashville, Tenn. — Kirkland's, Inc. is strengthening its senior management team with the addition of Steve "Woody" Woodward as chief executive officer. Woodward, who is currently president and chief merchant of Crate and Barrel, will join the Kirkland's team on October 22, 2018. The company's acting CEO, Mike Cairnes, will be promoted from his previous position of executive vice president to president in addition to resuming his previous role as chief operating officer.

‘Tis the Season

As retailers and shopping malls prepare for the holiday shopping season, here are some factors to consider when planning your seasonal displays.

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