Goodlettsville, Tenn. — Dollar General is currently under construction on new stores in Washington and Wyoming. When completed, these stores will expand the company’s presence to 46 states throughout the country. Stores are currently under construction in Centralia, Wash., (Lewis County); Cathlamet, Wash., (Wahkiakum County); and Pine Bluffs, Wyo. (Laramie County). These initial stores are scheduled to celebrate grand openings in early fiscal year 2020. “We look forward to expanding our footprint into Washington and Wyoming and the opportunity to serve new customers,” says Dan Nieser, Dollar General’s senior vice …
retailers
Plano, Texas — J. C. Penney Company, Inc. has hired Colin Dougherty, a senior executive with more than 25 years of finance experience, to join the company on Sept. 23, 2019 as senior vice president, finance, reporting to Bill Wafford, chief financial officer. Dougherty will be responsible for leading finance strategy, operations and financial planning and analysis. “I look forward to welcoming Colin to JCPenney to support our focus on returning the company to sustainable and profitable growth,” says Wafford. “His significant retail and transformation expertise make him an excellent …
Chicago — General contractor Summit Design + Build, LLC recently completed the buildout of a luxury watch boutique and gallery at 11 E. Walton St. in Chicago for Burdeen’s Jewelry. Located within the Waldorf Astoria Hotel in the historic Gold Coast neighborhood, a well established shopping destination, the concept features three prestige international watch brands each with their own exclusive retail space all under one roof. A trusted family jeweler and Chicago go-to for luxury pieces, and certified vendor, Burdeen’s Jewelry hosts A. Lange & Söhne, IWC Schaffhausen and Panerai …
Toronto — Le Tote, a fashion rental subscription service, has agreed to buy Hudson’s Bay Co.’s (HBC) Lord + Taylor brand for $100 million. Le Tote will pay Toronto-based HBC $75 million in cash upon closing as well as a promissory note of $25 million, payable after 2 years. In addition, HBC will receive an equity stake in Le Tote, two seats on the company’s board of directors and certain rights as a minority shareholder. Le Tote will assume responsibility of Lord + Taylor’s 38 stores, digital channels and inventory. …
Dallas — Neiman Marcus Group has appointed Lana Todorovich to as president and chief merchandising officer. She will be responsible for driving the brand’s innovative merchandising offerings which are a key component of its strategic plan. Todorovich joins Neiman Marcus from Ralph Lauren. Todorovich, who will report to Neiman Marcus Group CEO Geoffroy van Raemdonck, is expected to be a key leader in Neiman Marcus Group’s transformation strategy, moving to a more customer-centric organization by creating a new and engaging luxury retail experience for the global customer. “Lana is a …
Westford, Mass. — On Aug. 29, 2019, PUMA opened its first-ever North American flagship store, located at 609 Fifth Ave. in New York City. The store showcases an immersive PUMA brand space —offering consumers a unique shopping experience through innovative sports engagement zones, a customization studio and digitally connected offerings. The store features 18,000 square feet of interactive retail space spanning two floors, with state-of-the-art double-height storefronts across 160 feet of wraparound frontage. “PUMA is thrilled to open its first flagship in New York City, in a prime Manhattan location, …
New York City — Blink Fitness, a premium-quality, affordable fitness concept, has hit its stride with multi-unit franchising. In the past few months, Blink has signed three major franchise development agreements representing nearly 40 units in Sacramento, Calif.; Boston and Nashville, Tenn. These deals increase the brand’s franchise footprint by 50%. “We’re growing strategically — and quickly — with experienced multi-unit operators across the country,” says Todd Magazine, CEO of Blink Fitness. “Our franchise opportunity is gaining widespread attention, especially with multi-unit groups who are seeking a low-labor concept to …
Seattle — Leading fashion retailer Nordstrom, Inc. has hired Teri Bariquit as chief merchandising officer. In this newly created role, Bariquit will serve as a member of the company’s executive team, leading the full-price and off-price merchandising areas. She will report to Pete Nordstrom, co-president. “We believe we have the best merchandising team in retail. Teri has been an integral part of the development of this team and she is well positioned to lead this organization into the future as we evolve our relationships with our brand partners and deliver …
Minneapolis — The Walt Disney Company and Target Corporation have formed a creative retail collaboration to help bring the magic of Disney to the joy of shopping at Target. The collaboration encompasses experiential retail and merchandising — including the launch of 25 Disney stores within select Target stores nationwide on October 4, 2019, with 40 additional locations opening by October 2020. Additionally, a new Target store will open at Flamingo Crossings Town Center at the western entrance of the Walt Disney World Resort in 2021 to bring the convenience of …
Nagoya, Japan — 2nd STREET USA, Inc., a subsidiary of Japan-based GEO Holdings Corporation, will open 2nd STREET NoHo in Manhattan in mid-October as part of its ongoing international expansion. The retailer plans to have 10 U.S. stores by the end of next year. 2nd STREET USA, Inc. is a company that buys and sells secondhand clothing and accessories. Its first store in the United States opened in January 2018 on Melrose Avenue in Los Angeles. In June 2018, the second U.S. store opened in Old Pasadena, and the third …