Leawood, Kan. — AMC Entertainment Holdings Inc. plans to reopen almost all of its U.S. and U.K. theaters in July. The Leawood, Kan.-based movie theater chain has already reopened 10 theaters in Norway, Germany, Spain and Portugal, and expects to be fully open globally in July ahead of the release of Christopher Nolan’s “Tenet” on July 17 and Disney’s “Mulan” on July 24. AMC is working closely with local, national and international officials to coordinate timing and requirements of reopening. It is consulting with the Harvard University School of Public …
retailers
Dover, Del. — Lululemon, a provider of athletic apparel that is based in Canada but incorporated in Delaware, has now reopened 295 of its 489 stores, or roughly 60% of its worldwide locations. The company released the results of its fiscal first quarter, which ended on May 3, and posted a decline of 17% in net revenue from approximately $785 million to $652 million relative to the first quarter of 2019. In February, at the beginning of the company’s fiscal year, Lululemon closed all of its stores in mainland China …
East Rutherford, N.J. — Hudson, a travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations across North America, has expanded the retail offerings at LaGuardia Airport Terminal B, bringing the spirit and vibrancy of New York City to life within the terminal while reaffirming the company’s long-standing commitment to its local roots and airport partners. As part of the new, 7-year contract with LaGuardia Gateway Partners (LGP), the private operator and developer of Terminal B, Hudson is debuting two of its new localized …
Indianapolis — Simon Property Group has terminated its Feb. 9 merger agreement with Taubman Centers Inc. Simon also filed an action on June 10 in Michigan’s Oakland County Circuit Court saying Taubman breached the covenants in the merger agreement. Under the terms of the agreement, Simon was to acquire an 80% interest in Taubman for approximately $3.6 billion. Indianapolis-based Simon says its termination of the merger agreement is based on two separate grounds. “First, the COVID-19 pandemic has had a uniquely material and disproportionate effect on Taubman compared with other …
North Miami Beach, Fla. — FRONTIER Building has completed a new Wawa convenience store and gas station located at 530 NE 167th St. in North Miami Beach, Fla. The new 6,119-square-foot outpost is located on a corner lot which formerly housed a Krispy Kreme. It has an outdoor sitting area and six pumping stations. FRONTIER was hired to demolish that store earlier this year and recently completed the ground-up construction of a larger, more modern Krispy Kreme next door to this Wawa. This is the second Wawa FRONTIER has built …
Woonsocket, R.I. — CVS/pharmacy has added 55 COVID-19 testing sites in North Carolina and 15 sites in South Carolina. The tests are accessible through appointments only. Patients will be required to stay in their cars and will be directed to the pharmacy drive-thru window, where they will be provided with a test kit and given instructions. A CVS team member will observe the self-swab process to ensure it is done properly. Tests will be sent to an independent, third-party lab for processing and the results will be available in approximately …
Plano, Texas — J. C. Penney Company, Inc. has begun implementing its store optimization strategy by identifying the first 154 stores to close. Following entry of an order at the June 11, 2020, hearing with the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, Texas, store closing sales will begin at 154 locations. The company expects additional phases of store closing sales will begin in the coming weeks. Additionally, the company intends to reduce its store footprint and focus resources on its strongest stores and e-commerce …
Las Vegas — Online retailer Barbell Apparel, in conjunction with International Retail Group (IRG), is set to open its first brick-and-mortar store in Las Vegas on June 8. The new store will be in the heart of Downtown Summerlin, a large outdoor shopping center owned by the Howard Hughes Corporation. Barbell Apparel was founded by a team of life-long friends and athletes who started their story by launching their Athletic Fit Jeans on Kickstarter. “A store is the next step in our plans to grow the Barbell Apparel brand,” says …
Cincinnati — Pet Wants®, the Cincinnati-based high-quality pet food and supplies franchise, has hit a major milestone: reaching 100 franchise locations. The 100 franchise units — 25 retail stores and 75 mobile operations — all offer free delivery, making the company uniquely positioned to thrive during the COVID-19 pandemic. “Less than 20% of franchise brands reach the 100-location milestone and Pet Wants has been able to do it in just 5 years. That success was achieved not only because of the company’s great story and fantastic products, but also because …
Target, Other Retailers Temporarily Close Stores Across Nation in Response to Violent Protests
by Katie Lee
Minneapolis — Minnesota-based discount retailer Target has temporarily closed six stores in four states in response to protests that turned violent over the weekend. The looting and destruction of commercial property took place in the days following the death of George Floyd, an unarmed black man who died May 25 following an encounter with Minneapolis police during which an officer knelt on his neck for several minutes. On Sunday, several other retailers, including CVS, Apple and Walmart also announced temporary closures or adjusted hours in major cities where rioting had …