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Macy’s Makes Changes to Senior Leadership Team

by Katie Lee

New York City — Macy’s, Inc. plans some changes to its senior leadership team. Aligned with the company’s recently updated Polaris growth strategy, these changes to increase agility and efficiencies include: John Harper, chief operations officer, will depart on August 1, 2021. Subsequently, the role of chief operations officer will be eliminated. With the elimination of the COO role, Marc Mastronardi, chief stores officer, and Dennis Mullahy, chief supply chain officer, will report to Jeff Gennette, chairman and chief executive officer. Laura Miller has been appointed chief information officer, effective …

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Edible Opens Its First Ghost Kitchen, Optimizing Delivery Efforts

by Katie Lee

Atlanta — Edible®, the world’s most beloved leading gifts and treats destination, opened its first ghost kitchen on February 6. Located in Tucker, Ga., the 1,700-square-foot facility serves as a delivery-only location while also providing shipping in its geographic area. Additionally, it serves as a backup for surrounding stores during the busiest times of the year, and several virtual brands will be tested there as well. The ghost kitchen’s first week open brought in more than $130,000 in sales. Given the prosperous debut of the first ghost kitchen, more locations …

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Charming Charlie Continues to Expand Nationwide with 14 New Locations

by Katie Lee

Houston — Women’s apparel and fashion accessories retailer Charming Charlie continues its coast-to-coast expansion with new stores. The retailer will open approximately 14 new locations in the coming months, with a focus on Texas, California, New York and the Midwest. The stores will include Charming Charlie’s usual, color-grouping model and vast catalog of apparel, handbags, fashion jewelry, gifts, beauty, shoes, scarves, tech, travel, pets, kids and RSVP, and special occasion. Charming Charlie plans to roll out additional retail locations nationwide during the summer and fall 2021, respectively. “We’re incredibly pleased …

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Sprouts Farmers Market Plans New Stores with New Format

by Katie Lee

Phoenix — Sprouts Farmers Market plans a series of new stores, including four with a new, smaller format in line with previously announced strategy, and one store relocation. The healthy grocer will open approximately 20 stores this year. Sprouts is known for offering a unique farmer’s market experience through an open layout fostering customer engagement, and a curated selection of innovative and responsibly sourced healthy products. “This year, Sprouts will densify its footprint with more stores opening in California, Florida and Texas,” says Dave McGlinchey, Sprouts’ chief format officer. “We’re …

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Disney to Close 60 Stores in North America, Shift Focus to E-Commerce

by Katie Lee

Burbank, Calif. — Once a shopping mall mainstay, The Walt Disney Co. plans to close at least 60 of its brick-and-mortar locations — or 30% — in the U.S. and Canada in a bid to shift its focus to e-commerce. These closures are being described as the “beginning” of the company’s downsizing efforts, according to The New York Times, with a significant number of overseas stores also expected to close in 2021. The specific stores to be closed were not disclosed. Changing consumer behavior was cited as a catalyst for the announced …

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Michaels To Be Taken Private in $5 Billion Acquisition

by Katie Lee

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 …

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

by Katie Lee

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, …

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

by Katie Lee

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. …

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Hair Cuttery Family of Brands Rebounds from Bankruptcy with New Ownership

by Katie Lee

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 …

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

by Katie Lee

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 …

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