Minneapolis — As part of several initiatives in its accelerated multiyear strategy, Target Corporation will nearly triple the size of its remodel program in 2018, updating more than 300 stores around the country and making sizeable investments in key cities like Chicago, Los Angeles, Minneapolis-St. Paul and New York.
retailers
Estero, Fla. — Hertz Global Holdings, Inc., has hired Paul Stone as executive vice president and chief retail operations officer (CROO), North America. Stone, who will join Hertz on March 6, brings more than 30 years of operational expertise from his leadership roles with retail giants Sam’s Club/ Walmart and Cabela’s.
Davenport, Iowa — Fashion destination Dry Goods plans to open 12 additional national locations in 2018. The openings are part of the boutique retailer’s nationwide growth plans to showcase the latest fashion trends to young shoppers across the country. Dry Goods USA is a subsidiary of Von Maur Department Store. The new stores will open at the following locations:
New York City and Calgary, Alberta — Saks Fifth Avenue has opened its newest store and third Canadian location, Saks Calgary. The 115,000-square-foot, two-level retail destination is located at the CF Chinook Centre, Calgary. An in-store dining experience and salon are slated to open soon in 2018.
Atlanta — Premium sports footwear and apparel retailer The Finish Line, Inc. has successfully implemented the TXT Retail Merchandise Planning Solution from TXT Retail, an Aptos Company. With this rollout, the retailer gains world-class merchandise financial planning across its 950 locations in the U.S. and its digital channels.
Warren, Mich. — Kim Yost, president and CEO of Art Van Furniture, plans to retire after 9 years with the company. In order to ensure a seamless leadership transition, Yost will maintain his current role until a successor has been appointed. Art Van has commenced a process to identify and evaluate candidates for the position.
Vancouver, B.C. — INDOCHINO, the global leader in made-to-measure apparel, is launching a “designed by you” showroom experience this spring in key U.S. markets: Charlotte, N.C.; Houston; Austin, Texas; and Dallas. The locations are four of several new showrooms slated for 2018 as the company continues to accelerate expansion and transform retail by making luxury custom clothing an affordable reality for millions of men.
Boise, Idaho — Boise, Idaho-based grocery chain Albertsons Cos. has agreed to acquire Rite Aid Corp., one of the nation’s largest drugstore chains, for an undisclosed sum. The integrated company will operate about 4,900 locations, 4,350 pharmacy counters, and 320 clinics across 38 states and Washington, D.C., serving more than 40 million customers per week.