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Wayfair Accelerates Retail Expansion with New York Metro Location

by Katie Lee

Boston — Wayfair Inc., the destination for all things home, plans to open its next large-format retail store in Yonkers, N.Y., in early 2027. The news comes as the company celebrates the 1-year anniversary of its inaugural large-format store in Wilmette, Ill. — a milestone that underscores Wayfair’s growing success in physical retail and its evolving omnichannel strategy. The Yonkers announcement follows the previously revealed plans for Wayfair’s Atlanta store, slated to open in 2026. “Over the past year, we’ve seen firsthand how a thoughtfully designed physical store can deepen …

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construction and designenergy managementgreen building/LEEDgreen newsHVAC/RIndustry Voicesretailersvendors

Navigating a Changing Climate

by Katie Lee

— By Kyle Klahre — The world of refrigeration is rapidly changing — here’s what grocers need to know. Refrigeration systems in the U.S. are rapidly evolving due to new government regulations affecting residential, commercial and industrial systems. To understand current changes, it’s helpful to look back at the history of refrigerant regulation. This regulatory journey can be traced back to the middle of the 1980s. The Baby Boomer and Generation X readers likely remember hearing NASA discovered a hole in the ozone layer over Antarctica. Well, the cause of …

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green building/LEEDgreen newsNewsretailerswaste management/recycling

REI Co-op Becomes First National Retailer to Achieve Zero Waste

by Katie Lee

Seattle — REI Co-op has released its 2024 Impact Report and financial results, closing the year with $3.53 billion in net sales, investing over $282 million back into the co-op community and ending the year in a cash flow neutral position. Also in 2024, REI became the first major U.S. retailer to achieve the industry definition of zero waste, diverting 90% of waste from landfills across its operations. “It was an enterprise effort to achieve this zero-waste milestone for the co-op,” says Andrew Dempsey, director of climate, REI Co-op. “But …

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Barnes & Noble Education Signs New Campus Store Partnerships

by Katie Lee

Basking Ridge, N.J. — Barnes & Noble Education, Inc., a leading solutions provider for the education industry, has signed a wave of new campus store partnerships with colleges and universities across the country. These institutions, representing a mix of 2- and 4-year public and private schools, have selected Barnes & Noble College (BNC) to operate their campus stores ahead of the 2025–2026 academic year, with over 20 campus stores scheduled to open from February through August this year. This total is more than double the number added during the same …

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Newsretailersstore closings

Rite Aid Files for Chapter 11 Bankruptcy, Explores Acquisition Opportunities

by Katie Lee

Camp Hill, Pa. — Rite Aid has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey and is exploring opportunities to be acquired by outside entities. The announcement marks the second time in 24 months that the Pennsylvania-based convenience and drugstore chain has filed for voluntary Chapter 11 bankruptcy protection. The previous filing in October 2023 preceded the closure of hundreds of stores across the country. The company did not explicitly say in this filing how many of its stores would be immediately …

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3G Capital Agrees to Acquire Skechers for $9.4 Billion, Take Company Private

by Katie Lee

Manhattan Beach, Calif. & New York City — Global investment firm 3G Capital has entered into an agreement to acquire footwear retailer Skechers USA Inc. The sales price is $9.4 billion, according to The Wall Street Journal. Upon completion of the transaction, Skechers will become a privately held company. New York City-based private equity firm 3G will pay $63 per share in cash, representing a premium of 30% to Skechers’ 15-day, volume-weighted average stock price. The transaction also includes the option for existing shareholders of Skechers to instead receive $57 …

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construction and designNewsretailers

Bob’s Discount Furniture to Open 20 New Stores in 2025, Including Debuts in Vermont and North Carolina

by Katie Lee

Manchester, Conn. — Bob’s Discount Furniture plans to open 20 new stores in 2025, further expanding its presence in the U.S. The new locations will include Bob’s first-ever stores in Vermont and North Carolina. Among the 20 stores, six will be located in North Carolina, marking Bob’s entry into the Southeast. Its Vermont location in Williston will be Bob’s first in the state, reinforcing the company’s strong ties to the Northeast, where it was founded in 1991. “We’re excited to bring our on-trend assortment of furniture, mattresses and home accents …

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NewsProduct Spotlightretailerssoftware/technologyvendors

Lowe’s Deploys First At-Scale AI Assistant for Retail Associates

by Katie Lee

Charlotte, N.C. — Lowe’s has launched Mylow Companion, an AI tool aimed at improving customer service and speeding associate onboarding. Purpose-built for associate sales floor devices, the app provides fast access to product details, project advice and inventory information. The launch to all associates across Lowe’s more than 1,700 stores marks the first time a retailer has successfully implemented this kind of technology at scale. Associate expertise is uniquely valuable for home improvement retailers, as customers ask daily about a variety of complex projects and thousands of different products. Mylow …

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construction and designNewsretailerssoftware/technologyvendors

Walmart, Alquist 3D Complete Second 3D-Concrete Build in Alabama

by Katie Lee

Huntsville, Ala. — Walmart Inc. and Alquist 3D LLC, in partnership with FMGI, Inc., have completed the team’s second groundbreaking 3D concrete printing (3DCP) build that sets a new industry record for speed of commercial construction. The walls of the 5,000-square-foot expansion at Walmart Supercenter #5197 outside Huntsville, Ala., were “printed” in just 75 hours, significantly faster than traditional CMU (cement masonry unit) building methods. “In a commercial construction world that pays so much attention to project timelines and costs, our work with Walmart shows that 3D printing isn’t just …

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Newspeopleretailers

Kohl’s Terminates Chief Executive Officer, Names Interim CEO

by Katie Lee

Menomonee Falls, Wis. — Kohl’s Corporation’s board of directors has appointed Michael Bender as interim chief executive officer (CEO), effective immediately. Bender has served as a director of the board since July 2019 and was appointed board chair in May 2024. The board will initiate a search to identify a permanent CEO and retain a leading search firm to assist with this process. Bender’s appointment follows the board’s decision to terminate Ashley Buchanan for cause. An investigation conducted by outside counsel and overseen by the audit committee of the board …

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