retailers

Tsanacas Colt Multiple Facilities quote from article

Running a retail or restaurant facility requires balancing costs, maintenance and operational uptime — a challenge that is further compounded when dealing with multiple stores. Facility owners and operators face the challenge of keeping their properties in top condition while managing expenses and minimizing disruptions to business. In the retail and restaurant industries, any downtime at all can be costly. A malfunctioning bathroom or a broken HVAC system can lead to customer dissatisfaction, lost revenue and temporary closures. Preventative maintenance and proactive scheduling can address these concerns by managing costs, staggering …

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Minneapolis — Target Corporation has named Jim Lee as chief financial officer, effective Sept. 22. He will be responsible for financial planning and analysis, finance capabilities, internal audit, accounting, investor relations, treasury, tax, risk, financial products and services and corporate development. He succeeds COO Michael Fiddelke.  “As a successful leader in finance and strategy, Jim will oversee the central role our finance team plays in fueling our long term profitable growth,” says Brian Cornell, chair and CEO, Target. “With decades leading core finance functions and nurturing growth, Jim will complement …

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Minneapolis — Target Corporation has named Amy Tu as chief legal and compliance officer and corporate secretary. In her new role, Tu now leads the company’s legal, compliance and corporate governance functions. She succeeds Don Liu, who recently announced his upcoming retirement and will transition to a strategic advisory role. Tu joins Target’s leadership team and will report to Brian Cornell, chair and CEO. “Amy’s experience, both in legal and business leadership, offers strong continuity at the top of our legal affairs and compliance teams,” says Cornell. “Her stewardship will help …

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Atlanta — The Athlete’s Foot (TAF) has opened its new corporate headquarters, flagship retail location and community center in Midtown Atlanta. Grand opening events and ribbon-cutting festivities took place Sept. 12-14. Strategically located on the iconic Atlanta Beltline and Piedmont Park, the new location aims to integrate seamlessly into the fabric of the neighborhood. The Athlete’s Foot plans to implement community enrichment, sponsorships and educational programming underscoring its commitment to supporting local communities and fostering meaningful connections. “We are thrilled to unveil our new U.S. headquarters, flagship store and community …

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Birmingham, Ala. — Books-A-Million has promoted Damian Doggett to the position of senior vice president and chief accounting officer. “This promotion is a recognition of Damian’s years of strong and creative leadership of our accounting, tax and payroll departments, along with his critical role in supporting our transition to new technology platforms,” says Terrance G. Finley, chief executive officer of Books-A-Million. “It is gratifying to have someone of Damian’s experience and dedication in a position to help us meet the evolving challenges and tremendous opportunities in the years ahead.” Since …

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Irvine, Calif. — Tilly’s, Inc. and its board of directors have appointed Hezy Shaked, the company’s co-founder and executive chairman of the board, as its president and chief executive officer. “As the co-founder of this 42-year-old company, there is no one who cares about it more deeply than I do,” Shaked says. “I remain fully committed and enthusiastic about making every effort to work toward improving our business.” Shaked had been serving as the company’s interim president and chief executive officer since January 21, 2024, and served as president and …

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Bentonville, Ark. — Walmart has introduced Caroline’s Carts into all its stores in several states: Arizona, Alabama, Louisiana, Tennessee, Kentucky, New Mexico, Colorado, Missouri, Oklahoma, Arkansas and Texas. The specially designed carts help caregivers of children and adults with disabilities navigate Walmart stores more easily. The retailer’s multimillion-dollar investment is part of a larger commitment to champion inclusivity and accessibility in all its stores. “Helping our customers save money and live better is more than our mission — it’s our driving force,” says Cedric Clark, executive vice president of store …

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— Interview with Melody Wright — Von Maur embarks on a $100 million renovation plan to redefine its department stores for a new generation — and reinvest in the 152-year-old company’s signature customer service. Von Maur is a classic American department store, currently embarking on an extensive, multi-phased renovation of its nearly 40 brick-and-mortar locations over the next 5 years. The 152-year-old retailer will invest more than $100 million to showcase an entirely new interior aesthetic, with renovations underway in Wichita, Kansas; Fort Wayne, Indiana; Omaha, Nebraska; Livonia, Michigan; Louisville, …

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Niles, Ohio — Sierra Trading Post will soon be opening its trademark outdoors gear locations in three properties owned and managed by Ohio-based Cafaro Company. The first will be located at Cafaro’s Millcreek Mall in Erie, Pa. It will comprise more than 17,000 square foot of space, with plans to open in the fall of this year. Another 18,000-square-foot store is also under construction at Kentucky Oaks Mall in Paducah, Ky. It is scheduled to open late this year. Simultaneously, a new, standalone building will be rising on the Eastwood …

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Columbus, Ohio — Big Lots, Inc. has entered into an agreement with an affiliate of Nexus Capital Management LP, pursuant to which Nexus has agreed to acquire substantially all of the company’s assets and ongoing business operations. To facilitate the transaction, the company, together with each of its subsidiaries, initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. During and after this process, Big Lots will continue to serve customers at their nearest store location or online at www.biglots.com. As part of the court-supervised …

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