Union, N.J. — Bed Bath & Beyond Inc. has appointed Cindy Davis as executive vice president and chief brand officer of Bed Bath & Beyond Inc., as well as president of Decorist, effective May 26, 2020. Davis will report directly to Mark Tritton, president and CEO. Davis will be responsible for developing and implementing the “Promise” pillar of the company’s strategic growth plan. Her responsibilities will include stewardship and execution of brand strategy, as well as marketing and communications across the company’s retail banners. She will also support the team …
retailers
Hartland, Wis. — Batteries Plus, the leading omnichannel retailer of batteries, specialty light bulbs and phone repair services, has added Joe Malmuth as director of franchise development. He joined the Batteries Plus team on May 11, 2020. In his new role, Malmuth will be responsible for overseeing all aspects of franchise development. In addition to working with new owners and franchise consultants to expand the system, he will also be managing programs focused on helping current owners develop territory and facilitate transactions. Malmuth will report directly to Jon Sica, chief …
Fremont, Calif. — In observance of Governor Newsom’s new directive, Pacific Commons, a regional lifestyle center in Fremont, Calif., is now offering retail-to-go services with curbside pickup options available to shoppers. While the center itself is open, individual retailers will each determine when they will begin offering sales and curbside services, and their hours will vary. Shoppers taking advantage of retail-to-go services are asked to make their purchases from each retailer or restaurant online or over the phone; payment must be made electronically. When shoppers arrive at Pacific Commons, they …
Fairfax, Va. — As various states begin to open back up, Peterson Companies, known throughout the Washington, D.C., region as one of the largest shopping/lifestyle center owners and managers, has developed a plan to safely welcome back its tenants and their customers, once permitted to do so. Elements of this plan will be implemented at several of its signature properties throughout the DMV including National Harbor, Downtown Silver Spring, Rio in Gaithersburg, Fairfax Corner and Fair Lakes. To better understand changing consumer preferences, the company recently surveyed its customers and …
Phoenix — Sprouts Farmers Market has expanded its grocery pickup service to 46 stores in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee as the grocer faces heightened demand amid the COVID-19 outbreak. The service allows customers to plan grocery pickup for the same day or to schedule several days in advance. Their personal shopper will bring the groceries to a designated pickup parking spot when the customer arrives and checks in. A list of specific stores offering the service was not disclosed. The Phoenix-based grocer recently expanded this …
Dallas — Gold’s Gym, a fitness chain founded in California in 1965 and now headquartered in Dallas, has filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code as it works to restructure its debt. In a statement issued earlier this week, the company said that the financial fallout from COVID-19 has forced it to permanently close about 30 company-owned gyms. The company also said that the filing would not impact its licensing division and was not associated with any of its locally owned franchise gyms. Gold’s …
Dallas — Neiman Marcus Group LTD LLC has entered into a Restructuring Support Agreement (RSA) with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and supporting continued operations during the COVID-19 pandemic and beyond. To implement the RSA, the company has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. As part of the process, Neiman Marcus Group has secured debtor-in-possession (DIP) financing of $675 million from creditors to enable …
Seattle —Nordstrom plans to permanently close 16 of its 116 full-line stores, with the company incurring the non-cash impairment charges associated with the closures. The clothing retailer hopes the closures will better position it for the long-term retail landscape at the end of the COVID-19 pandemic. The list of stores was not released. “We’ve been investing in our digital and physical capabilities to keep pace with rapidly changing customer expectations,” says Erik Nordstrom, CEO of Nordstrom Inc. “The impact of COVID-19 is only accelerating the importance of these capabilities in …
Los Angeles — Hightimes Holding Corp., the owner of High Times®, the most well-known brand in cannabis, has appointed Peter Horvath, former chief commercialization officer of American Eagle Outfitters and former chief operating officer at Victoria’s Secret, as the company’s new chief executive officer and board member. Horvath is coming onboard to spearhead the company’s retail expansion. Stormy Simon will step down as CEO. “We are pleased to welcome Peter to the High Times family, and to be able to tap into his wealth of experience capitalizing on major consumer …
New York — ShopOne Centers REIT Inc., a leading owner, operator and manager of high-quality grocery-anchored shopping centers, has promoted Bob Dake to chief operating officer and Tom Shine to senior vice president, property management. Dake previously served as ShopOne’s executive vice president of leasing, while Shine was the company’s vice president, property management. “The promotions of Bob and Tom are well deserved, as they have played critical roles in advancing the growth of our business and strengthening our relationships with flagship national and local retailers,” says John Roche, chief …