retailers

Michaels To Be Taken Private in $5 Billion Acquisition

by Katie Lee March 4, 2021

Irving, Texas, and New York City — The Michaels Companies and private equity firm Apollo Global Management, Inc. have entered into a definitive merger agreement whereby investment funds managed by affiliates of Apollo have agreed to acquire Michaels. Upon completion of the $5 billion transaction, Michaels will become a privately held company and shares of MIK common stock will no longer be listed on any public market. Under the terms of the agreement, which has been unanimously approved by the Michaels board of directors, Apollo will commence a tender offer …

March 4, 2021

Target to Open Mini Apple Stores in 17 Locations, Expand Online Offerings

by Katie Lee March 1, 2021

Minneapolis — Target plans to open small-scale Apple shops inside 17 of its stores this spring, with additional locations scheduled to open this fall. The company will also expand its online Apple product offerings over the coming weeks. The new Apple in-store experience will offer a mix of products and accessories in a dedicated space designed for guests to see new products and view demonstrations by Target Tech Consultants, who will receive specialized training from Apple. Each shop will feature new lighting fixtures and displays for iPhone, iPad, Apple Watch, …

March 1, 2021

construction and design News retailers

Gap Inc. to Build $140 Million Distribution Center in Longview, Texas

by Katie Lee February 25, 2021

San Francisco — Gap Inc. plans to open a new state-of-the-art Customer Experience Center in Longview, Texas. By delivering inventory faster and more efficiently to customers across the country, the $140 million investment will help Gap Inc. meet the rising customer demand for online shopping and reach its future plans for digital growth. Gap Inc. anticipates the new campus will create more than 500 full-time jobs in Longview by the end of 2023 and will grow to more than 1,000 full-time jobs in the city over the next 5 years. …

February 25, 2021

News retailers

Hair Cuttery Family of Brands Rebounds from Bankruptcy with New Ownership

by Katie Lee February 24, 2021

McLean, Va. — Close to a year ago, Hair Cuttery’s former owners filed for Chapter 11 bankruptcy protection after having to close all of the company’s salon locations. The bankruptcy followed years of changing consumer preferences, increased competition and existing organizational issues, which COVID-19 only exacerbated. With what was about to happen to the entire world, timing could not have been worse for the former ownership. Just months later, the world came to a startling halt. However, a new opportunity for Hair Cuttery was just around the corner. In June …

February 24, 2021

construction and design News retailers

Evergreen Devco Breaks Ground on Grocery-Anchored Shopping Center in Denver

by Katie Lee February 23, 2021

Denver — Evergreen Devco, Inc., a leading retail and multifamily development company, had broken ground on a grocery-anchored shopping center on the northeast corner of 56th Avenue and Tower Road in Denver. The development site will feature a Sprouts Farmer’s Market-anchored shopping center with one multi-tenant building and six accompanying retail pads. In addition, Evergreen will complete common area and off-site improvements. “This project will provide much needed retail, restaurant and service amenities for the neighborhood, given the site is within walking distance to the adjacent subdivisions and apartment community …

February 23, 2021

News people retailers

B2B Technology Veteran Joins The ODP Corporation

by Katie Lee February 22, 2021

Boca Raton, Fla. — The ODP Corporation has hired Prentis Wilson to further drive the company’s digital transformation, leading a new technology business focused on transforming B2B sourcing, purchasing and supply chain for suppliers and buyers. Wilson spent almost 8 years at Amazon.com, Inc., where he launched Amazon Business and grew it to over $10 billion in annual sales. Prior to joining Amazon, he held senior operations and B2B procurement roles at Cisco Systems, Inc. and Honeywell International, Inc. Most recently, he was the president of Boxed.com, a wholesale technology …

February 22, 2021

construction and design News retailers

Modular VaxMod Units to Help Retailers Deliver COVID-19 Vaccine with Safety and Speed

by Katie Lee February 19, 2021

Appleton, Wis. — As the nation’s infrastructure is wrestling with distribution strategies for the COVID-19 vaccine, a new modular system called VaxMod offers healthcare networks, states, municipalities and retailers an operational solution for delivering the vaccine with safety and speed. Designed by Boulder Associates, Inc. and built by The Boldt Company, the prefabricated, modular units are designed to be deployed in any location, provide safe and efficient vaccination settings for healthcare workers and individuals, and serve as a long term space solution post-COVID. Developed in collaboration with public health experts, …

February 19, 2021

News retailers

‘Collared Greens’ Opens All-New Retail Concept in Charleston, S.C.

by Katie Lee February 18, 2021

Charleston, S.C. — The first American-made “green” clothing brand, Collared Greens, is putting down permanent roots on King Street in Charleston, S.C., with a new retail store. Founded in 2008, and with a previous store in Richmond, Va., the brand will be partnering with sister brands Bird Dog Bay, Beau & Tassel, Skiff Dogs and other local craftsmen to house all the best and brightest apparel and accessories brands under one roof, with a focus on American and locally made goods. The new concept officially opens on February 19, 2021. …

February 18, 2021

News retailers

Century 21 Stores Plans a Comeback in 2021

by Katie Lee February 17, 2021

New York City — In response to the outpouring of love from the Big Apple and the admiration of its loyal shoppers from around the world, Century 21 Stores will officially relaunch the beloved institution in 2021. While the specifics of where and when are still being finalized, the plan has one goal in mind: to bring shopping joy to Century 21’s faithful local customers while introducing that very same excitement to new fans across the globe. In a story far too familiar these days, the iconic retailer was a casualty of …

February 17, 2021

construction and design News retailers

T-Mobile Opens Customer Care Center at Former Sam’s Club in Richmond

by Katie Lee February 16, 2021

Richmond, Va. — T-Mobile U.S. Inc. has opened a 131,000-square-foot customer care center at White Oak Village, a mixed-use development in Richmond, Va. Aston Capital converted a vacant, former Sam’s Club at White Oak Village into new Class A office space for T-Mobile. The Bellevue, Wash.-based mobile phone carrier is relocating approximately 500 employees from Richmond’s Short Pump area to the building with plans to eventually grow the staff to over 1,000. Charlotte, N.C.-based Aston Capital acquired the White Oak Village building in February 2020 through an affiliate company, AC …

February 16, 2021

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