retailers

Academy Sports + Outdoors Plans to Open 13-15 New Stores This Year

by Katie Lee April 25, 2023

Katy, Texas — Academy Sports and Outdoors, Inc., a leading full-line sporting goods and outdoor recreation retailer, plans to continue its expansion efforts with the goal of opening 13 to 15 stores this year, and a total of 120 to 140 new stores by the end of 2027. To that end, Academy will open its first location in Peoria, Ill., this summer. The new 60,000-square-foot store will be Academy’s second location in Illinois, located at Grand Prairie Plaza. Originally founded in 1938 as a family business in Texas, Academy has …

April 25, 2023

Bed Bath & Beyond Inc. Files Voluntary Chapter 11 Petitions

by Katie Lee April 24, 2023

Union, N.J. — Bed Bath & Beyond Inc., along with certain of its subsidiaries, has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey to implement an orderly wind down of its businesses. The 360 Bed Bath & Beyond and 120 buybuy BABY stores and websites will remain operational as the company begins its efforts to effectuate the closure of its retail locations. The company has received a commitment of approximately $240 million in …

April 24, 2023

News retailers

Ingka Group to Invest $2.2 Billion in New IKEA Locations, Omnichannel Growth Across U.S.

by Katie Lee April 21, 2023

Leiden, Netherlands — Ingka Group has announced plans to invest $2.2 billion over the course of the next 3 years on new IKEA retail locations and omnichannel growth across the United States. The Leiden, Netherlands-based company is the largest owner of IKEA stores globally, representing more than 90% of IKEA retail sales with more than 370 stores and 100 home décor planning studios open across 31 countries. The initial phase of investment will include opening eight stores in IKEA’s traditional format and nine “Plan and Order” points, which are smaller …

April 21, 2023

News people retailers

Christy Sports CEO to Depart

by Katie Lee April 19, 2023

Lakewood, Colo. — Christy Sports, a premier outdoor retailer with more than 60 locations, has announced the exit of CEO Matt Gold. He and the board of directors have mutually agreed to part ways at the end of April 2023. Gold has made important contributions over the past 6 years, leading the company through an ownership transition, growing the company store footprint and online presence, and effectively navigating the company through the COVID-19 pandemic. A search for a new CEO is currently underway. Headquartered in Lakewood, Colo., and founded in …

April 19, 2023

green news News retailers

Kohl’s Named 2023 ENERGY STAR Partner of the Year for Sustained Excellence

by Katie Lee April 19, 2023

Menomonee Falls, Wis. — Kohl’s has been recognized by the U.S. Environmental Protection Agency’s ENERGY STAR program as a 2023 Partner of the Year Award for Sustained Excellence, which is its highest honor and is reserved for ENERGY STAR partners demonstrating outstanding leadership, year over year. The EPA recognizes partners with the Sustained Excellence Award if they have already received ENERGY STAR Partner of the Year recognition for a minimum of 2 consecutive years and have gone above and beyond the criteria needed to qualify for recognition. Of the more …

April 19, 2023

News retailers

David’s Bridal Files for Bankruptcy Protection Ahead of Potential Sale

by Katie Lee April 18, 2023

Conshohocken, Pa. — David’s Bridal LLC and some of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. Both the brand’s nearly 300 physical stores, as well as its online platforms, will remain open and operational, according to the company. The Conshohocken, Pa.-based retailer is seeking customary “first-day” relief authorizations from the United States Bankruptcy Court for the District of New Jersey to continue payment of employee wages and benefits, maintain certain customer programs and honor vendor obligations. The company had previously filed …

April 18, 2023

News people retailers

Tilly’s, Inc. Appoints EVP, Chief Merchandising Officer

by Katie Lee April 17, 2023

Irvine, Calif. — Tilly’s, Inc. has appointed Laura Janney as its executive vice president, chief merchandising officer, effective May 8, 2023. She will oversee all aspects of the company’s merchandising operations, including buying, sourcing and product development, along with coordinating consistency in merchandising experiences both in-store and online. Previously, Janney served Hudson’s Bay from July 2019 to January 2023, most recently as its chief merchandising officer. Prior to that, she served Nordstrom, Inc. for 32 years from June 1987 to March 2019 in a variety of retail store and merchandise …

April 17, 2023

News retailers

WHP Global and EXPR to Acquire Bonobos from Walmart for $75 Million

by Katie Lee April 14, 2023

Columbus, Ohio, and New York City — Parent company of fashion apparel retailer Express, Inc., EXPR, and global brand management firm, WHP Global have entered a definitive agreement to acquire menswear brand Bonobos, Inc. from Walmart Inc., for a combined $75 million. This is the first acquisition to be made jointly by WHP Global and EXPR since finalizing their strategic partnership earlier this year. Bonobos, founded in 2007 and acquired by Walmart in 2017, distinguished itself in the menswear category based on product fit, customer experience and the innovative Guideshop …

April 14, 2023

News retailers

Nordstrom Rack to Open 5 New California Stores

by Katie Lee April 13, 2023

Seattle — Seattle-based fashion retailer Nordstrom, Inc. plans to open four new Nordstrom Rack stores in 2024 and one in 2025, all in California. The new stores will be located in the California cities of Davis, Elk Grove, Gilroy, Oceanside and San Mateo. “We look forward to opening these new Nordstrom Rack locations, strengthening our network of stores and introducing new customers to Nordstrom Rack’s unique product offering,” says Carl Jenkins, senior vice president of Nordstrom Rack Stores. “In addition to shopping great brands at great prices, our customers in …

April 13, 2023

News retailers

Leslie’s Opens 1,000th Store to Mark 60th Anniversary

by Katie Lee April 12, 2023

Phoenix — Leslie’s, Inc., the largest direct-to-consumer brand in the U.S. pool and spa care industry, is turning 60. The company also has opened its 1,000th store. Leslie’s was founded in 1963 by Phil Leslie Jr. as a single location in Los Angeles. The retailer has grown to a 1,000-store chain across 37 states, providing pool owners and professionals with everything they need to keep pools and spas clean, safe and beautiful. The company opened its 1,000th store in early April in North Port, Fla. Leslie’s is well known for …

April 12, 2023

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