Wednesday, October 15, 2025
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Rite Aid Files for Chapter 11 Bankruptcy, Explores Acquisition Opportunities

by Katie Lee

Camp Hill, Pa. — Rite Aid has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey and is exploring opportunities to be acquired by outside entities. The announcement marks the second time in 24 months that the Pennsylvania-based convenience and drugstore chain has filed for voluntary Chapter 11 bankruptcy protection. The previous filing in October 2023 preceded the closure of hundreds of stores across the country. The company did not explicitly say in this filing how many of its stores would be immediately …

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3G Capital Agrees to Acquire Skechers for $9.4 Billion, Take Company Private

by Katie Lee

Manhattan Beach, Calif. & New York City — Global investment firm 3G Capital has entered into an agreement to acquire footwear retailer Skechers USA Inc. The sales price is $9.4 billion, according to The Wall Street Journal. Upon completion of the transaction, Skechers will become a privately held company. New York City-based private equity firm 3G will pay $63 per share in cash, representing a premium of 30% to Skechers’ 15-day, volume-weighted average stock price. The transaction also includes the option for existing shareholders of Skechers to instead receive $57 …

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construction and designNewsretailers

Bob’s Discount Furniture to Open 20 New Stores in 2025, Including Debuts in Vermont and North Carolina

by Katie Lee

Manchester, Conn. — Bob’s Discount Furniture plans to open 20 new stores in 2025, further expanding its presence in the U.S. The new locations will include Bob’s first-ever stores in Vermont and North Carolina. Among the 20 stores, six will be located in North Carolina, marking Bob’s entry into the Southeast. Its Vermont location in Williston will be Bob’s first in the state, reinforcing the company’s strong ties to the Northeast, where it was founded in 1991. “We’re excited to bring our on-trend assortment of furniture, mattresses and home accents …

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Lowe’s Deploys First At-Scale AI Assistant for Retail Associates

by Katie Lee

Charlotte, N.C. — Lowe’s has launched Mylow Companion, an AI tool aimed at improving customer service and speeding associate onboarding. Purpose-built for associate sales floor devices, the app provides fast access to product details, project advice and inventory information. The launch to all associates across Lowe’s more than 1,700 stores marks the first time a retailer has successfully implemented this kind of technology at scale. Associate expertise is uniquely valuable for home improvement retailers, as customers ask daily about a variety of complex projects and thousands of different products. Mylow …

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construction and designNewsretailerssoftware/technologyvendors

Walmart, Alquist 3D Complete Second 3D-Concrete Build in Alabama

by Katie Lee

Huntsville, Ala. — Walmart Inc. and Alquist 3D LLC, in partnership with FMGI, Inc., have completed the team’s second groundbreaking 3D concrete printing (3DCP) build that sets a new industry record for speed of commercial construction. The walls of the 5,000-square-foot expansion at Walmart Supercenter #5197 outside Huntsville, Ala., were “printed” in just 75 hours, significantly faster than traditional CMU (cement masonry unit) building methods. “In a commercial construction world that pays so much attention to project timelines and costs, our work with Walmart shows that 3D printing isn’t just …

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Newspeopleretailers

Kohl’s Terminates Chief Executive Officer, Names Interim CEO

by Katie Lee

Menomonee Falls, Wis. — Kohl’s Corporation’s board of directors has appointed Michael Bender as interim chief executive officer (CEO), effective immediately. Bender has served as a director of the board since July 2019 and was appointed board chair in May 2024. The board will initiate a search to identify a permanent CEO and retain a leading search firm to assist with this process. Bender’s appointment follows the board’s decision to terminate Ashley Buchanan for cause. An investigation conducted by outside counsel and overseen by the audit committee of the board …

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Storage of the Future

by Katie Lee

— By Dana Krug — The future of retail: technology-forward, customer-centric and efficient. For years, consumer behavior has been the driving force behind the rapid growth of omnichannel retail. Today, this trend has become more pronounced than ever, with 73% of shoppers regularly engaging with multiple channels throughout their buying journey. The pandemic further accelerated this shift, making curbside pickup and other omnichannel conveniences a standard expectation rather than a luxury. Now, the future of retail is being shaped by the evolving preferences of Gen Z and millennial shoppers, who …

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construction and designCover Storyfacilities managementfranchise developmentretailers

Sharing the Love

by Katie Lee

— By Katie Lee — With more than 250 stores, Woof Gang Bakery & Grooming brings love and joy to pets and their pet parents — across more and more communities in North America. Woof Gang Bakery & Grooming, a leading pet grooming and gourmet treat destination, is coming off a banner year. In 2024, the boutique retail concept opened a record number of new stores, quadrupling its historical annual average of new openings with more than 50 new stores. Woof Gang is on track to open more than 70 …

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construction and designmanagementNewsproperty managementremodelsretailers

DICK’S House of Sport to Anchor New Retail Offerings at PREIT’s Cherry Hill Mall

by Katie Lee

Philadelphia — PREIT has named its next wave of retail additions to Cherry Hill Mall, one of the region’s premier shopping destinations, located in Cherry Hill, N.J. Anchoring the new lineup will be DICK’S House of Sport, a new retail experience from DICK’S Sporting Goods. Replacing the former One Cherry Hill office building, the new space will open in 2026 and introduce a new entrance, infusing fresh energy into the 1.3 million-square-foot shopping center. This targeted investment aligns with PREIT’s value-enhancing strategy with a focus on repurposing underutilized real estate …

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construction and designNewsretailers

T&T Supermarket to Open First Southern California Store in Winter 2026

by Katie Lee

Irvine, Calif. — T&T Supermarket, Canada’s largest Asian grocery retailer, will open its first Southern California store in the Great Park community — a master-planned development within the City of Irvine — slated for winter 2026. Following the debut of its first U.S. store in Bellevue, Wash., in December 2024, T&T is continuing its U.S. expansion with a location in Irvine. Located at The Canopy at Great Park, the new 34,000-square-foot store will have convenient access from the future 133 Freeway interchange and its proximity to the Great Park Sports …

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