Minneapolis — Target Corporation plans to abandon its expansion into Canada less than 2 years after launch. The company is shutting all of its 133 Canadian stores and expects to report about $5.4 billion in pre-tax losses for its fourth quarter, which finishes at the end of January.
News
New York City — KWI, an industry-leading cloud solutions provider to the specialty retail sector, has enjoyed record-breaking growth in its fiscal year 2014. The company celebrated 30 years in business adding new clients to its roster and additional key executives to its ranks. Expanding expertise, and utilizing progressive cloud innovation and advanced in-store functionality, led to an increased usage of mobile POS and real-time omni-channel capabilities, while positioning KWI for continued growth in 2015.
Norcross, Ga. — Halco Lighting Technologies, a leader in lamp, ballast and fixture product solutions, has added Ed Mackiewicz to the position of product manager, commercial fixtures, effective January 5, 2015. Mackiewicz joins Halco with over 30 years in lighting design and product management experience.
Oscoda, Mich. — PROTECT-ALL® Flooring has officially launched a new website. The website can still be found at www.protect-allflooring.com. The website refresh is one more step in Protect-All’s rebranding process, which has been going on throughout 2014 and includes a new logo and brand statement. Designed to be easy to navigate and help customers find things faster and easier, the new site fits in better with Protect-All’s strategic vision to raise brand awareness and increase market share.
Greensboro, N.C. — Tanger Factory Outlet Centers, Inc., plans to develop Tanger Outlets Memphis in partnership with Poag Shopping Centers, LLC. The partnership will commence construction immediately and open for the 2015 holiday season. The partners plan to initially deliver approximately 310,000 square feet of space to house around 70 upscale brand name and designer outlet stores. The site can accommodate future expansion to a total footprint of approximately 410,000 square feet of outlet and other retail uses.
Dallas — Gas Pipe, Inc. has added its 14th retail outlet to the company’s portfolio of stores in Texas and New Mexico. The new outlet, located in East Dallas, will offer more than 2,000 items in 65 product categories including casual clothing, sporting goods, cards, gifts and novelties, and smoking supplies. “I’m really proud of the people who have made this expansion possible — the men and women in the Gas Pipe family who are the heart and soul of this company,” says Jerry Shults, Gas Pipe’s founder, president and CEO. …
Toronto — Hudson’s Bay Company (HBC) has appointed Gerald (Jerry) Storch as chief executive officer, effective January 6, 2015. Storch will be responsible for Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Home Outfitters and HBC Digital. Richard Baker will continue as governor and executive chairman and together he and Storch will compose the Office of the Chairman.