Gap Inc. No Longer Pursuing Separation of Old Navy

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

Bose to Close All Remaining U.S. Stores

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

Hudson’s Bay Company Names New President

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,

First Ever Harry Potter Flagship Store Coming to New York

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

PUMA Opens First North American Flagship

— 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

Pier 1 Imports to Shutter Up to 450 Stores

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

Darland Construction Converts Former Kmart into New Retail Center

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

The Michaels Companies Appoints Former Walmart Executive as New CEO

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

CBL Properties Completes 12 Redevelopment Projects in 2019

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

Bed Bath & Beyond Makes Extensive Changes to Leadership Team

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,

IT’SUGAR to Open World’s First Candy Department Store

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

Phillips Edison’s Top Retail Shopping Center Trends to Watch in 2020

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

Macy’s President Steps Down

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

Beall’s, Inc. Names Matt Beall as Next CEO

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

JCPenney Hires New SVP, Chief Digital Officer

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

Destination XL Group, Inc. Appoints Chief Digital Officer

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

LVMH to Acquire Tiffany & Co. for $16.2 Billion

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

Office Depot CFO to Depart in January 2020

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

New Ear Piercing Experience to Expand Physical Retail Presence in 2020

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

Williams Company Southeast Starts 7 More Target Store Remodels

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.

Sears to Close 96 More Stores by February 2020

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