Davenport, Iowa — On October 13, 2018, Von Maur opened a new department store at the Rosedale Center in Roseville, Minn. The 140,000-square-foot store is the company’s second location in Minnesota. (The first Twin Cities-area store opened at Eden Prairie Center in 2001.)
retailers
Hoffman Estates, Ill. — Claire’s Stores, Inc. has successfully completed its financial restructuring and emerged from Chapter 11 as the company’s court-confirmed plan of reorganization went into effect on October 12, 2018. With support from its creditors and stakeholders, the company has eliminated approximately $1.9 billion of debt from its balance sheet and gained access to $575 million in new capital.
Hoffman Estates, Ill. — On October 15, 2018, Sears Holdings Corporation and certain of its subsidiaries have filed voluntary petitions for Chapter 11 bankruptcy relief. Effective immediately, the company’s chairman and CEO, Edward S. Lampert, is stepping down from the CEO role. Also, the company will close 142 stores in addition to the previously announced 46 store closings.
Dublin, Calif. — Ross Stores opened 30 Ross Dress for Less® and 10 dd’s DISCOUNTS® stores across 19 different states in September and October. These new locations complete the company’s store growth plans for fiscal 2018 with the addition of 99 new stores.
Plano, Texas — J. C. Penney Company, Inc.’s board of directors has appointed Jill Soltau as chief executive officer and a member of the board, effective October 15, 2018. Soltau is a 30-year retail veteran who most recently served as president and CEO of JOANN Stores, the nation’s largest fabric and crafts retailer, after serving as president of Shopko Stores.