Wednesday, October 15, 2025
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Nordstrom Completes Acquisition by Nordstrom Family and Liverpool

by Katie Lee

Seattle — Nordstrom, Inc. has announced that Erik, Pete and Jamie Nordstrom, as well as other members of the Nordstrom family and El Puerto de Liverpool, S.A.B. de C.V., have completed their all-cash acquisition of Nordstrom for $24.25 per share. Shareholders of the company will also be paid cash dividends of $0.25 per share and $0.1462 per share, reflecting the special cash dividend and a “stub period” quarterly dividend. With the completion of the transaction, Erik and Pete Nordstrom will lead the company as co-CEOs. Nordstrom common stock ceased trading …

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Newsretailers

U-Haul Commemorates 80th Anniversary

by Katie Lee

Phoenix — U-Haul®, the iconic do-it-yourself moving and self-storage leader, is celebrating 80 years of empowering American families with residential mobility. Today, there are more than 24,000 rental locations across all 50 U.S. states and 10 Canadian provinces. “Moving can be a stressful life event, and for 80 years our job has been to make people’s lives easier through accessibility, affordability and support,” says Navy veteran and U-Haul Co. of Manhattan/Bronx president Jeff Sonberg. “We welcome the chance to care for every customer who needs U-Haul services.” U-Haul was founded …

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managementNewspeopleproperty managementretailers

BH Properties Names Managing Director, Retail Properties

by Katie Lee

Seattle — BH Properties, a vertically integrated, value-add real estate investment firm, has hired Janel Jensen as managing director, retail properties. With deep experience in the Pacific Northwest, Jensen will be based out of BH Properties’ Seattle office and will lead the strategic leasing, merchandising and positioning efforts for the company’s growing portfolio of retail and mixed-use assets across the Pacific Northwest and West Coast. Jensen brings more than a decade of experience shaping vibrant retail environments in both urban cores and suburban mixed-use developments and will play a key …

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construction and designfranchise developmentNewsrestaurantsretailers

Sweetgreen Making Arkansas Debut with 2 Units, Including at Walmart’s New Home Office

by Katie Lee

Los Angeles — Sweetgreen plans to open its first two locations in Arkansas — a significant step in its expansion across the southern United States. The brand will open in Fayetteville, Ark., later this year, with a second location to follow at Walmart’s new home office in Bentonville, Ark. “Northwest Arkansas is quickly becoming a hub for innovation and growth, and we’re excited to be part of it,” says Christopher Tarrant, chief development officer at Sweetgreen. “Opening on Walmart’s forward-thinking new home office campus and in Fayetteville, home of the …

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construction and designNewspeopleretailers

Books-A-Million Names Real Estate Leadership Promotions

by Katie Lee

Birmingham, Ala. — At Books-A-Million, Rick Franz has been promoted to executive vice president of real estate, while Jack Fleming has been promoted to vice president of real estate. The company has also welcomed Pete Turner to the team as real estate manager. Since joining Books-A-Million, Franz has made significant contributions to our stores and our team, bringing strategic insight and leadership to the real estate department. In his new role, Franz will continue to shape the future of Books-A-Million’s store positioning and growth. Fleming has been a valued member …

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DICK’S Sporting Goods to Acquire Foot Locker for $2.4 Billion, Keep Brand Intact

by Katie Lee

Pittsburgh and New York City — DICK’S Sporting Goods Inc. has entered into a definitive merger agreement with footwear and apparel retailer Foot Locker Inc. Under the agreement, sporting goods retailer DICK’S will acquire Foot Locker for an equity value of roughly $2.4 billion and an enterprise value of $2.5 billion. Foot Locker operates approximately 2,400 retail stores across 20 countries in North America, Europe, Asia, Australia and New Zealand. Foot Locker’s portfolio of brands also includes Kids Foot Locker, Champs Sports, WSS and atmos. DICK’S plans to operate Foot …

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construction and designNewsretailers

Wayfair Accelerates Retail Expansion with New York Metro Location

by Katie Lee

Boston — Wayfair Inc., the destination for all things home, plans to open its next large-format retail store in Yonkers, N.Y., in early 2027. The news comes as the company celebrates the 1-year anniversary of its inaugural large-format store in Wilmette, Ill. — a milestone that underscores Wayfair’s growing success in physical retail and its evolving omnichannel strategy. The Yonkers announcement follows the previously revealed plans for Wayfair’s Atlanta store, slated to open in 2026. “Over the past year, we’ve seen firsthand how a thoughtfully designed physical store can deepen …

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construction and designenergy managementgreen building/LEEDgreen newsHVAC/RIndustry Voicesretailersvendors

Navigating a Changing Climate

by Katie Lee

— By Kyle Klahre — The world of refrigeration is rapidly changing — here’s what grocers need to know. Refrigeration systems in the U.S. are rapidly evolving due to new government regulations affecting residential, commercial and industrial systems. To understand current changes, it’s helpful to look back at the history of refrigerant regulation. This regulatory journey can be traced back to the middle of the 1980s. The Baby Boomer and Generation X readers likely remember hearing NASA discovered a hole in the ozone layer over Antarctica. Well, the cause of …

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green building/LEEDgreen newsNewsretailerswaste management/recycling

REI Co-op Becomes First National Retailer to Achieve Zero Waste

by Katie Lee

Seattle — REI Co-op has released its 2024 Impact Report and financial results, closing the year with $3.53 billion in net sales, investing over $282 million back into the co-op community and ending the year in a cash flow neutral position. Also in 2024, REI became the first major U.S. retailer to achieve the industry definition of zero waste, diverting 90% of waste from landfills across its operations. “It was an enterprise effort to achieve this zero-waste milestone for the co-op,” says Andrew Dempsey, director of climate, REI Co-op. “But …

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Barnes & Noble Education Signs New Campus Store Partnerships

by Katie Lee

Basking Ridge, N.J. — Barnes & Noble Education, Inc., a leading solutions provider for the education industry, has signed a wave of new campus store partnerships with colleges and universities across the country. These institutions, representing a mix of 2- and 4-year public and private schools, have selected Barnes & Noble College (BNC) to operate their campus stores ahead of the 2025–2026 academic year, with over 20 campus stores scheduled to open from February through August this year. This total is more than double the number added during the same …

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