Walmart’s Way

Walmart leads the retail industry in LED lighting applications, teaming up with GE Lighting to achieve a 40% reduction in store lighting costs worldwide.

Lowe's Canada To Acquire Leases of 13 Former Target Stores

Toronto — Lowe's Canada has reached agreement to acquire the leases of 13 former Target Canada locations and to purchase Target's Milton, Ontario, distribution center for approximately C$151 million. This acquisition came as part of a real estate auction following Target's decision to cease operations in Canada. 

H&M To Open Its Largest Store in Herald Square

New York City — H&M, Hennes & Mauritz, one of the world's largest fashion retailers, is close to opening its Herald Center flagship. The Swedish retailer will open its largest H&M store in the world on May 20, 2015 in New York City’s Herald Square.

Bass Pro Shops at the Pyramid Celebrates Iconic Grand Opening


Memphis, Tenn.Bass Pro Shops at the Pyramid, a new national destination experience located in downtown Memphis, is now open to the public. Located inside a massive transformed sports arena, this new, immersive retail experience includes a wilderness hotel called Big Cypress Lodge, nearly 600,000 gallons of water features, a cypress swamp with 100-foot-tall trees, the interactive Ducks Unlimited Waterfowling Heritage Center, and The Lookout, a breathtaking glass-floored cantilevering observation deck at the top of the 32-story steel Pyramid.

True Value Names Senior Vice President & CFO

Chicago — True Value Company, one of the world’s largest hardware cooperatives, has named Deborah O’Connor as its new senior vice president and chief financial officer, succeeding current CFO David Shadduck who left True Value effective April 30, 2015, after nearly 14 years.

Tilly’s CFO To Depart

Irvine, Calif. — Jennifer Ehrhardt, chief financial officer of Tilly’s, Inc., a fast-growing specialty retailer with 212 stores, intends to resign. She will continue to serve as Tilly’s CFO for an interim period expected to end in June 2015, and will help with the transition process.

CEO of Sears Hometown and Outlet Stores, Inc. To Step Down

Hoffman Estates, Ill. — W. Bruce Johnson, CEO and president of Sears Hometown and Outlet Stores, Inc., by mutual agreement with the company's board of directors, will step down on August 1, 2015, the end of the company's second fiscal quarter. He will continue to serve on the board until May 27, 2015.

Build-A-Bear Workshop Appoints New COO

St. LouisBuild-A-Bear Workshop, Inc., an interactive entertainment retailer of customized stuffed animals, has named Chris Hurt to the position of chief operations officer, effective April 15, 2015. He joins the company from American Eagle Outfitters, Inc.

PetSmart Shakes Up Senior Leadership Team

Phoenix — PetSmart, Inc. has named six new leaders to its senior leadership team who, collectively, will be responsible for key growth areas, including customer experience, merchandise planning, strategy, initiatives, sourcing and real estate.

Sears Holdings & General Growth Properties Form Real Estate Joint Venture

Hoffman Estates, Ill. — Sears Holdings Corporation and General Growth Properties, Inc. (GGP) have entered into a real estate joint venture (JV) under which Sears Holdings has contributed 12 Sears Holdings properties located at GGP malls, involving both existing Sears Holdings stores and certain property leased to third parties occupying former Sears Holdings stores.

Joseph Abboud Opens First Store in New York City

New York City — Joseph Abboud has opened its flagship store, located at 424 Madison Ave., in New York City — marking the first under the umbrella of Men's Wearhouse, Inc. The 4,300-square-foot location was designed and styled collaboratively by Jeffrey Hutchison & Associates and Joseph Abboud.

IKEA To Install Fuel Cell System at Emeryville, Calif., Store

Conshohocken, Pa. — IKEA plans to install a fuel cell system manufactured by Bloom Energy at its location in Emeryville, Calif., which is one of two San Francisco-area stores for the Sweden-based home furnishings retailer. The fuel cell system will be installed, commissioned and activated by summer 2015.

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