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Tempur Sealy Completes $5 Billion Acquisition of Mattress Firm

by Katie Lee

Lexington, Ky. — Tempur Sealy International, Inc. has completed its previously announced acquisition of Mattress Firm Group Inc. (Mattress Firm), the nation’s largest mattress specialty retailer, for approximately $5 billion. Additionally, Tempur Sealy will change its name to Somnigroup International Inc., effective February 18, 2025. Mattress Firm, Dreams and Tempur Sealy will operate as decentralized business units under Somnigroup International. Mattress Firm and Dreams will continue to operate as multi-branded retailers and Tempur Sealy, primarily a manufacturer, will continue to serve third-party retailers as well as Mattress Firm, Dreams and …

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Newspeopleretailers

Famous Footwear Names New Chief Merchandising Officer  

by Katie Lee

St. Louis — Caleres, a market-leading portfolio of consumer-driven footwear brands, has hired Brian Costello to join Famous Footwear as chief merchandising officer. In this role, he will oversee all buying and merchandising for the brand’s U.S. and Canada stores and e-commerce sites. “Brian has a long track record of exceptional fashion and footwear industry leadership,” says Mike Edwards, president of Famous Footwear. “With expertise in merchandising and planning for both footwear and ready-to-wear, I’m confident he will help drive growth and achieve our ambitions at Famous Footwear.” Costello has …

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Newsretailers

Beyond, Inc. to Reunite Bed Bath & Beyond with Buy Buy Baby

by Katie Lee

Murray, Utah — Beyond, Inc., owner of Bed Bath & Beyond and Overstock, has entered into an Asset Purchase Agreement with BBBY Acquisition Co. LLC to acquire the global rights of the Buy Buy Baby brand. The purchase price of $5 million includes certain assets, databases, domains, intellectual property, vendor relationships and content related to Buy Buy Baby. “Bed Bath & Beyond and Buy Buy Baby have historically been synonymous with supporting families, their homes and all of life’s milestones,” says Marcus Lemonis, executive chairman of Beyond. “Our goal is …

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franchise developmentNewsretailers

Woof Gang Bakery & Grooming Expands into 10 New States and Canada

by Katie Lee

Miami — Woof Gang Bakery & Grooming, a leading pet grooming and gourmet treat destination, has expanded into 10 additional states and its international debut in Canada. With stores now spanning 26 states and two countries, Woof Gang Bakery & Grooming has become a household name for pet lovers across North America. Woof Gang Bakery & Grooming’s historic growth in 2024 includes significant expansions into key regions such as California, Arizona and Idaho, marking its first major footprint in the Western U.S. Simultaneously, the brand strengthened its presence in the …

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lightingNewspeopleretailersvendors

WAC Group Appoints VP of Business Development

by Katie Lee

Port Washington, N.Y. — WAC Group, which creates superior lighting solutions to appeal to all patrons of independent retail shops, chains and shopping centers, has named Keith Eagle as its new vice president of business development. “Keith is an outstanding addition to our dynamic sales team and will lead the development of our sales strategy, further strengthening our position in the industry,” says Becky Li, president of WAC Group. “With his extensive experience in sales leadership and a proven track record of success, we are confident he will be a …

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construction and designNewsretailers

Cole Haan Opens New NYC Store in Historic Flatiron District

by Katie Lee

New York City — Cole Haan, an iconic American lifestyle and accessories brand, opened its third New York City location on Jan. 30 as part of the brand’s global store expansion plan. The new store at the corner of 5th Avenue and 19th Street is located in the historic Flatiron District. Today, Cole Haan operates over 500 stores in nearly 100 countries worldwide. Nestled within a 1904 neo-Renaissance landmark building, the 1,622-square-foot retail space represents the evolution of Cole Haan’s premium retail expression. The open floor plan offers an immersive …

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flooring/floor careNewspeopleretailers

Floor & Decor Appoints New President

by Katie Lee

Atlanta — Floor & Decor Holdings, Inc., a leading specialty retailer of hard surface flooring, has appointed Bradley Paulsen as president, effective April 28, 2025, reporting to CEO Tom Taylor. Paulsen currently serves as CEO, North America, for Rentokil Initial plc, a global leader in pest control and hygiene and wellbeing services, and previously held leadership positions at Rexel USA, HD Supply and The Home Depot. “We are thrilled to welcome Brad to the team to help lead the next stage of Floor & Decor’s growth,” says Taylor. “He is …

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franchise developmentNewsretailers

Batteries Plus Marks Record Growth in 2024, Sets Ambitious Goals for 2025

by Katie Lee

Hartland, Wis. — Batteries Plus enters 2025 following another record-setting year of growth in 2024. Last year, the growing brand signed 57 new agreements spanning 11 states and opened 30 new stores across 15 states. Highlighting 2024’s growth was a landmark ‘Market Stewardship’ agreement signed in Phoenix. This agreement represents only the second deal of its kind for Batteries Plus, building on the success of the program introduced in 2023. The Market Stewardship program, a hybrid of Master Franchise and Area Development agreements, provides franchisees exclusive rights to an entire …

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Newspeopleretailers

REI President & CEO to Retire; Successor is Named

by Katie Lee

Seattle — REI Co-op’s president and CEO, Eric Artz, will retire in March as part of a planned succession, marking a new chapter in the co-op’s 87-year history. Mary Beth Laughton, a former REI board director and seasoned retail leader, will join REI as president on Feb. 3, 2025, before assuming full CEO responsibilities on March 31. Laughton has held leadership roles at Nike, Athleta and Sephora. Her experience and personal passion balance strategic vision for the future of retail, innovation and operational rigor, love for the outdoors and appreciation …

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The Fresh Market Promotes COO to President and CEO

by Katie Lee

Greensboro, N.C. — The board of directors of The Fresh Market, Inc. has appointed Brian Johnson as president and chief executive officer (CEO) effective Feb. 3, 2025, replacing Jason Potter, who has decided to pursue a new opportunity. Johnson has served as chief operating officer (COO) at The Fresh Market since 2020 and brings more than 30 years of experience to the role. In the last 5 years, Johnson has helped oversee the expansion of TFM stores into new markets across the East Coast and Midwestern United States. Previously, Johnson …

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