San Francisco — Gap Inc. no longer intends to separate Old Navy into a standalone public company. Additionally, the company has announced that Neil Fiske, president and CEO of Gap brand, will leave the company. “The plan to separate was
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Framingham, Mass. — Bose Corp. will close all of its 54 stores in the U.S., as well as many remaining locations in Australia, Japan and Europe in the coming months, totaling 119 brick-and-mortar locations. The Framingham, Mass.-based company, which specializes
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Toronto — Hudson’s Bay Company (HBC) has appointed Iain Nairn as president, effective January 12, 2020. A highly accomplished retail executive, Nairn has a remarkable track record of driving profitable growth and transformational change at a wide variety of retailers,
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Los Angeles — Unibail-Rodamco-Westfield plans to redevelop the long-vacated former Sears department store in the Canoga Park neighborhood of Los Angeles into a new dining and entertainment district. The empty store is located in the Westfield Topanga & The Village
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Los Angeles — Target Corporation has installed solar panels on the roof of its Napa, Calif., store, marking the 500th Target location to utilize solar energy. In 2015, Target had set a goal to install solar panels on 500 of
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New York City — Warner Bros. will open the first official Harry Potter flagship store in the heart of New York City next to the iconic Flatiron building at 935 Broadway. Opening in summer 2020, the store will house the
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— By Katie Lee — With an 18,000-square-foot physical store now open in Manhattan, PUMA has created an exciting new retail experience fusing sports, fashion and technology. In August 2019, PUMA burst on the U.S. retail scene in a
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Fort Worth, Texas — Pier 1 Imports Inc., a home goods retailer based in Fort Worth, Texas, intends to shutter up to 450 stores, which represents nearly half of its current store count of 936. The retailer also plans to
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Topeka, Kan. — Overland Park, Kan.-based Darland Construction Co. has completed the conversion of a former Kmart store in Topeka, Kan., into Wanamaker Hills Shopping Center. The 108,546-square-foot retail property is now home to Ulta, Old Navy, DSW, Five Below
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Irving, Texas — The Michaels Companies, Inc. has named Ashley Buchanan, an experienced retail executive from Walmart, as its new president and chief executive officer designate and appointed to the company’s board of directors, effective January 6, 2020. He will
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Chattanooga, Tenn. — CBL Properties has made significant year-end progress on its strategy to transform its properties through redevelopment and the addition of new uses. In 2019, CBL completed a dozen projects totaling approximately 650,000 square feet, with an additional
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Union, N.J. — Bed Bath & Beyond Inc. is undergoing an extensive restructure of its leadership team, including the departure of six senior members. The moves reflect the priorities of Bed Bath & Beyond’s new president and CEO, Mark Tritton,
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East Rutherford, N.J. — IT’SUGAR, known for its over-the-top sweets, giant candy and absurdly wonderful sugar creations, will open on December 14, 2019 at American Dream, a 3 million-square-foot entertainment/shopping/dining destination under development in East Rutherford, N.J. At three stories
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Cincinnati — Phillips Edison & Company (PECO), an internally-managed real estate investment trust (REIT) and one of the nation’s largest owners and operators of grocery-anchored shopping centers, has released its insights on the top shopping center trends to watch in
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Cincinnati — Macy’s, Inc. has announced that Hal Lawton, president of the Macy’s brand business, has resigned, effective December 6, 2019. He joined Macy’s as president in September 2017. “Hal has made significant contributions to the business over the past
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Bradenton, Fla. — Bradenton, Fla.-based retailer Beall’s, Inc. has named Robert Matthews Beall III (Matt) as its next chief executive officer. He is the fourth in a succession of leaders from the Beall family that have guided the company for
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Philadelphia — Unique Photo, New Jersey’s largest retail camera superstore and center for photography education, has opened its new superstore in the historic Old City District of Philadelphia. The new 9,600-square-foot location opened on November 29, 2019. Located at 28
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Cincinnati — The Yankee Candle Company Inc. unveiled a new store concept at its retail location within the Natick Mall outside of Boston on Black Friday. Designed by award-winning retail design firm FRCH NELSON, the new concept puts fragrance first
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Plano, Texas — J. C. Penney Company, Inc. has hired Karl Walsh, an executive with more than 18 years of e-commerce expertise, as senior vice president, chief digital officer. Walsh will report to Shawn Gensch, executive vice president, chief customer
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Canton, Mass. — Destination XL Group, Inc., a leading omni-channel specialty retailer of men’s Big + Tall clothing and shoes, has added Ujjwal Dhoot to its team as chief digital officer, effective December 16, 2019. He will report to Erica
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Miramar, Fla. — Konover South LLC, in partnership with Master Development Partners of Dania Beach, Fla., will break ground on its upscale 56,600-square-foot Miramar Park Place retail center in Miramar, Fla., west of Hollywood, in the first quarter of 2020.
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Paris and New York City — LVMH Moët Hennessy Louis Vuitton SE (LVMH), the world’s leading luxury group, and Tiffany & Co., the global luxury jeweler, have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per
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Boca Raton, Fla. — Joseph T. Lower, executive vice president and chief financial officer of Office Depot, Inc., intends to leave the company on January 10, 2020. He will assume the role of chief financial officer at AutoNation, Inc. “We
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New York City — This month, Studs, a new ear piercing experience that enables consumers to express themselves through earscaping, launches nationwide online and in its first brick-and-mortar location in New York City’s Nolita neighborhood. The company plans to expand
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Tampa, Fla. — Six Sprouts Farmers Market grocery stores in Florida have been awarded Manomet’s Grocery Stewardship Certification (GSC), bringing the total number of Sprouts stores in the GSC to 90. The GSC recognizes Sprouts’ commitment to operational best practices
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Orlando, Fla. — Orlando, Fla.-based Williams Company Southeast has started seven more Target store remodels in Florida and Texas for a total of 15 Target stores in 2019. The newest work in Florida involves stores in Brandon, Deerfield Beach, Ft.
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Hoffman Estates, Ill. — Sears Holdings Corp. plans to close 96 underperforming stores by February 2020, according to the retailer’s parent company, Transform Holdco LLC. The closings will consist of 51 Sears stores and 45 Kmart stores, leaving 182 operational
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