Green Bay, Wis. — Continuing its path of growth, Shopko will open 15 new Shopko Hometown stores across eight states this July. The 15 new locations join 20 stores Shopko opened earlier this year and more than 15 additional stores the company plans to open in October.
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San Francisco — Gap Inc. plans to close about 175 specialty stores in North America over the next few years, with about 140 closures occurring this fiscal year. These changes will not impact Gap Outlet and Gap Factory Stores. The brand also will close a limited number of European stores.
Sheboygan, Wis. — Priority Sign has promoted Andy Dykstra to president after serving as executive vice president of sales since 2011. Additionally, Geoff Rosenbaum has been promoted to chief operating officer (COO) after serving as executive vice president of operations since 2011.
Toronto — Hudson’s Bay Company (HBC) has entered into a definitive agreement with METRO AG to acquire Galeria Holding, the parent company of Germany’s Number 1 department store, Kaufhof, for €2.420 billion (C$3.357 billion). The acquisition is expected to close by the end of third fiscal quarter 2015.
Sunderland, Vt. — Perk Perkins, CEO of The Orvis Company Inc., has named the outdoor retailer’s new president. William R. McLaughlin will succeed Raymond G. McCready, who will retire later this year. A former PepsiCo executive and CEO of Select Comfort Corporation, McLaughlin will assume the post on July 27, 2015.