Monday, November 25, 2024
Read the Magazine Subscribe

retailers

managementNewsproperty managementretailers

CBL Properties and MINISO Partner to Expand U.S. Presence to 13 CBL Malls

by Katie Lee

Chattanooga, Tenn. — CBL Properties has executed multiple deals with global lifestyle retailer MINISO, expanding the brand’s presence to a dozen new markets in the United States. The first wave of store openings started in November 2023 at Valley View Mall in Roanoke, Va., and Hanes Mall in Winston-Salem, N.C., followed by the January 2024 opening at Coastal Grand Mall in Myrtle Beach, S.C. Throughout the rest of 2024, stores will open in the following malls and locations: • CoolSprings Galleria (Nashville, Tenn.) • Hamilton Place (Chattanooga, Tenn.) • West …

Continue Reading
0 FacebookTwitterPinterestEmail
Newspeopleretailers

Take 5 Car Wash Names New President and SVP, Field Operations

by Katie Lee

Charlotte, N.C. — Tim Austin joins Take 5 Car Wash as president from the retail hearing healthcare company, Lucid Hearing, where he served as president and COO, helping grow the company to over 500 worldwide locations. Take 5 Oil Change also has added a senior vice president of field operations, Missy McKinley. She most recently served as senior vice president of operations for Scooter’s Coffee. “Tim is a proven multi-unit leader with more than three decades of success at some of the world’s most respected retailers,” says Danny Rivera, executive …

Continue Reading
0 FacebookTwitterPinterestEmail
construction and designNewsremodelsretailers

H&M Reopens in Atlanta After Extensive Renovation

by Katie Lee

Atlanta — H&M, the beloved global fashion retailer, reopened its Perimeter Mall store on March 21 after an extensive renovation. Located in Atlanta, the store has undergone an inspiring transformation, promising an elevated shopping experience for fashion lovers. The newly renovated H&M at Perimeter Mall will give shoppers in the Atlanta area access to the latest trends to allow customers to express themselves, all in a brand-new interior. The location will offer collections for women and men as well as a separate “store within a store” sections for accessories. The …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailers

Joann Files for Chapter 11 Bankruptcy, Plans to Go Private

by Katie Lee

Hudson, Ohio — Joann Inc., a fabrics and sewing retailer based in Hudson, Ohio, has filed for prepackaged Chapter 11 bankruptcy. The company’s 829 stores and its website will remain open for business. Following the bankruptcy process, if approved, Joann will become a private company owned by some of its lenders and other industry parties, and its shares will no longer be listed on Nasdaq or any other national stock exchange. As of March 19, the company’s stock has been delisted. Joann expects to emerge from the voluntary bankruptcy process …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailers

Revo Opens First U.S. Store in Manhattan’s SoHo District

by Katie Lee

New York City — Revo, a premium, high-quality, performance sunglass company, opened its first U.S. brick-and-mortar retail store in Manhattan’s SoHo neighborhood on March 13. The retail showroom is located at 436 West Broadway. The new store introduces an exclusive and engaging shopping experience to both loyal Revo enthusiasts and those discovering the iconic brand for the first time. Once inside, visitors are greeted by a series of displays showcasing the complete spectrum of Revo’s offerings, all of which feature the brand’s signature NASA-based lens technology. Custom prescription sunglasses, limited …

Continue Reading
0 FacebookTwitterPinterestEmail
construction and designNewsretailerssupply chain

Home Depot Plans 4 New Distribution Centers for Professional Customers

by Katie Lee

Detroit, Los Angeles, San Antonio & Toronto — The Home Depot Inc. plans to open four new distribution centers in Detroit, Los Angeles, San Antonio and Toronto. The new facilities are a key component of the company’s efforts to cater to professional customers such as developers, general contractors, remodelers and property managers. The new distribution centers will stock large, bulky merchandise such as lumber, insulation and roofing shingles. The new distribution centers are expected to open in the first half of this year. Home Depot has opened similar hubs across …

Continue Reading
0 FacebookTwitterPinterestEmail
Peter Tsanacas Facility Maintenance quote
Colt Facility MaintenanceContent Partnerdisaster recoveryenergy managementfacilities managementFeaturesgreen building/LEEDIndustry Contentkitchen equipmentplumbingproperty managementrestaurantsretailers

Slash Costs with Better Facility Maintenance

by Sarah Daniels

It’s another thing for restaurant operators to worry about: all the costs of doing business, including food, rent, labor and energy are increasing, according to the National Restaurant Association’s 2024 State of the Restaurant Industry survey, released in February. It’s bad news for any business operating on razor-thin margins. Restaurant operators complain that they have little control over food and rent costs, while the need to remain competitive often blocks operators from making cuts in staffing and food. The situation forces restaurant owners, and other businesses such as retail, to …

Continue Reading
1 FacebookTwitterPinterestEmail
Newsretailers

Tempur Sealy Moves Forward on Mattress Firm Acquisition

by Katie Lee

Lexington, Ky. — Tempur Sealy International, Inc. has provided an update on its intended acquisition of Mattress Firm Group Inc. On May 9, 2023, Tempur Sealy signed a definitive agreement to acquire Mattress Firm, the largest mattress specialty retailer in the U.S. The company continues to work with the Federal Trade Commission (FTC) to advance the transaction, and now expects that the FTC will complete its review by the end of the second quarter. Temper Sealy expects the transaction to close in mid- to late 2024. Tempur Sealy and Mattress …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailersstore closings

Dollar Tree to Close 1,000 Stores Nationwide

by Katie Lee

Chesapeake, Va. — Dollar Tree Inc. plans to close approximately 970 underperforming Family Dollar stores. In addition, Chesapeake, Va.-based Dollar Tree identified approximately 30 underperforming Dollar Tree stores for closure. Roughly 600 Family Dollar stores are slated to close in the first half of fiscal 2024, with about 370 Family Dollar locations and the 30 Dollar Tree locations set for closure at the end of each store’s current lease term. Years of mismanagement and poor conditions in stores have hurt Family Dollar’s brand, reports CNN. The discount chain is known …

Continue Reading
1 FacebookTwitterPinterestEmail
Newsretailers

Hobby Lobby Opens First Store in New York City

by Katie Lee

Oklahoma City — A new Hobby Lobby store opened in Staten Island, N.Y., on March 8, 2024. The Staten Island store, located at 280 Marsh Ave., is Hobby Lobby’s 25th location in the state of New York but its first in the five New York City boroughs (Brooklyn, the Bronx, Manhattan, Queens and Staten Island). Katz & Associates’ Brian Katz and Daniel D. DePasquale represented Hobby Lobby in the transaction along with master broker Graeme Keith of The Keith Group. Brookfield Properties leased the space. Maher McHirgui is the store …

Continue Reading
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts