Tuesday, June 3, 2025
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Forever 21 Liquidation Sales Now Underway

by Katie Lee

  Northbrook, Ill. — Going-Out-of-Business sales are in progress at Forever 21, a leading fashion retailer, following the U.S. operating company F21 OpCo’s recent bankruptcy filing. The liquidation sales are happening both in-store and online. Hilco Consumer-Retail is managing these sales in a joint venture with Gordon Brothers and SB360. All inventory is significantly discounted, offering savings of up to 60% off the lowest marked prices. Gift cards are accepted through April 15, 2025. Store fixtures and equipment are also available for purchase. “Stores are fully stocked, and fresh inventory …

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managementNewsproperty managementretailers

Foot Locker, Inc. to Relocate Global HQ from NYC to Florida

by Katie Lee

St. Petersburg, Fla. — Foot Locker, Inc., a leading footwear and apparel retailer (previously) based in New York City, has signed a 110,998-square-foot, long term office lease to relocate its global headquarters to 570 Carillon Parkway, a premier Class A office property in St. Petersburg, Fla. The building is owned by The Feil Organization, a premier national real estate investment firm. “We’re thrilled to learn that Foot Locker has secured its move to St. Petersburg with a major presence in the Carillon area,” says Kenneth T. Welch, the mayor of …

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construction and designNewsretailers

Academy Sports + Outdoors Surpasses 300 Stores

by Katie Lee

Katy, Texas — Academy Sports + Outdoors has surpassed 300 stores after opening its first locations in York, Pa., Harrisburg, Pa., and Hagerstown, Md. These stores also mark Academy’s first locations in Pennsylvania and Maryland, increasing the retailer’s footprint to 21 states. In addition, Academy opened a new store in Kansas City, Mo., in March, and will open another new location in Charlotte, N.C., in April. The company plans to open a total of 20-25 new stores in its 2025 fiscal year. “Academy’s continued new store expansion reinforces our commitment …

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construction and designNewsretailers

Meijer to Open New Neighborhood Market, Independence Market, in April

by Katie Lee

Grand Rapids, Mich. — Meijer plans to open a new neighborhood market, called Independence Market, in the Independence Township of Clarkston, Mich., on April 30. The new 50,000-square-foot market will serve customers from Clarkston and all of Independence Township, including the new Waldon Village development. “Independence Market is committed to serving our new neighbors with value and convenience that makes it easy to get in and out quickly,” says Robert Lajcaj, store director of Independence Market. “Our team has been working hard to get the store ready to open with …

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Newspeopleretailers

Foot Locker, Inc. Promotes EVP to President

by Katie Lee

New York City — Foot Locker, Inc. has named Franklin R. Bracken, currently its executive vice president and chief commercial officer, to the role of president, effective immediately. Bracken will continue reporting to Mary Dillon, Foot Locker, Inc.’s chief executive officer. In his new role, Bracken will work alongside Dillon to accelerate the execution of the Lace Up Plan, the company’s strategy to elevate the omni-retail experience, enhance productivity and create long term shareholder value. Bracken will also continue to oversee global retail operations, merchandising, marketing, digital, loyalty and real …

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Dollar Tree to Sell Family Dollar Business to Private Equity Firms for $1 Billion

by Katie Lee

Chesapeake, Va., and New York City — Dollar Tree Inc. has agreed to sell the Family Dollar business segment to Brigade Capital Management LP and Macellum Capital Management LLC for $1 billion. The sales price represents a fraction of the $8.5 billion that Dollar Tree paid for the discount brand in 2015. Family Dollar will remain headquartered in Chesapeake, Va. Family Dollar, which caters to low-income customers with its roughly 8,000 U.S. stores, has struggled in recent years. In March 2024, Dollar Tree unveiled plans to close approximately 970 underperforming …

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John Catanese Preventative Maintenance quote
Content Partnerexterior services/landscapingfacilities managementHVAC/RIndustry Contentkitchen equipmentkitchen exhaust/grease controllightingparking lotsplumbingproperty managementrestaurantsretailerswaste management/recycling

11 Preventive Maintenance Services Retailers, Restaurants Need

by Sarah Daniels

Restaurants and retailers move fast. There’s no time for unexpected maintenance issues to slow you down. Preventive maintenance (PM) programs can help you avoid disruptions. “For retailers and restaurants, preventive maintenance programs are vital, but often overlooked,” says John Catanese, senior vice president at Chain Store Maintenance, an MCS Company. “They ensure your business can provide the best service to your customers consistently, safely, efficiently and cost effectively.” Why PM Matters Preventive maintenance delivers several key advantages: Enhanced reliability. By addressing minor issues before they escalate, you can prevent unexpected …

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Newsretailers

Beyond Sells Majority Stake in Zulily Brand

by Katie Lee

Murray, Utah — Beyond, Inc., owner of Bed Bath & Beyond, buybuy BABY and Overstock, has agreed to sell its Zulily brand to Lyons Trading Company, the operator of leading online off-price retailer Proozy.com. Beyond will receive $5 million while maintaining a 25% stake in the brand. “We have made significant progress in improving the performance of Bed Bath & Beyond and Overstock.com through sequential margin improvement, improved site experience, vendor consolidation and right-sizing our fixed expenses. With the recent acquisition of buybuy Baby, we want our team laser focused …

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construction and designNewsretailers

The Vitamin Shoppe Unveils New Store Concept Featuring Shop-in-Shops

by Katie Lee

Secaucus, N.J. — The Vitamin Shoppe®, a leading omnichannel specialty retailer of nutritional products, is strengthening its brand partnerships while redefining the in-store shopping experience in select markets with the launch of its new ‘Hometown Stores’ concept. These retail collaborations pair a local The Vitamin Shoppe store with a top partner brand that has its company headquarters and deep roots in the same metro area — creating a one-of-a-kind destination for brand enthusiasts and the local wellness community. Each Hometown Store features an enlarged, custom-branded retail space within an existing …

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green newsNewsretailersvendorswaste management/recycling

Petco Partners with TerraCycle to Launch First-Ever National Trade-In and Recycling Event

by Katie Lee

San Diego — In mid-March, Petco launched its first-ever national trade-in and recycling event in partnership with TerraCycle, an international leader in sustainability solutions, including giving hard-to-recycle materials a new life. In honor of Global Recycling Day on March 18 and just in time for annual spring cleaning, Petco is helping pet parents recycle their dogs’ old collars, leashes and harnesses for an upgrade and a safer, more comfortable fit. For a limited time, pet parents can bring old dog collars, leashes or harnesses into Petco locations nationwide for responsible …

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