San Francisco — The Gymboree Corporation has successfully completed its financial restructuring and emerged from Chapter 11 as a new corporation under the name Gymboree Group, Inc., which has eliminated more than $900 million of debt from its balance sheet and is right-sizing its store footprint.
retailers
Montreal — On September 28, 2017, Walmart Canada unveiled its brand new Montérégie Supercentre, located in Longueuil, Quebec. The store also marks the official launch for the first prototype store in Quebec featuring many innovations including Scan & Go, as well as the new grocery pickup service.
Burlington, Ontario — The highly anticipated IKEA Halifax store opened on September 27, 2017 in Dartmouth, Nova Scotia, near Halifax. The 330,000-square-foot store is the 13th IKEA store in Canada and the first in IKEA Canada’s coast-to-coast expansion; the retailer will open 11 additional stores by 2025, doubling its footprint in Canada.
Mooresville, N.C. — Lowe’s Companies, Inc. has hired Michael West as senior vice president of supply chain field operations, effective September 25, 2017. He joins the company from Neiman Marcus and will report to Brent G. Kirby, chief supply chain officer.
Woonsocket, R.I. — Following the devastating damage caused by recent hurricanes, on September 19, 2017, CVS Health launched an in-store customer donation campaign to support the rebuilding efforts underway in the impacted areas. As part of this initiative, the company pledged to match all customer donations with critical products and supplies, up to $10 million.
Wayne, N.J. — Toys ”R” Us Inc. filed for Chapter 11 bankruptcy protection on September 18, 2017. The company’s Canadian subsidiary also plans to seek protection in parallel proceedings under the Companies’ Creditors Arrangement Act (CCAA) in the Ontario Superior Court of Justice.
Pittsburgh — DICK’S Sporting Goods along with The DICK’S Sporting Goods Foundation have made a $5.5 million commitment to support communities impacted by Hurricanes Harvey and Irma. The short term emergency requests and long term recovery support ranges from monetary donations, to equipment and apparel and other much needed supplies distributed in partnership with The American Red Cross and local authorities.