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John Catanese Preventative Maintenance quote
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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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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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construction and designNewsretailers

Meijer to Open 3 New Northeast Ohio Supercenters in May

by Katie Lee

Grand Rapids, Mich. — Meijer will open three new supercenters in Northeast Ohio on May 8, increasing the retailer’s store count to 58 in the state. The new 159,000-square-foot supercenters will be located in Austintown, Medina and Richmond Heights. The stores will feature the wide assortment of fresh produce and grocery staples Meijer customers know and love. The supercenters will also include a full-service pharmacy, health and beauty care section, an expansive pet department, electronics, toys and sporting goods. A Meijer Express gas station will open on April 10 adjacent …

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Newspeopleretailers

Fossil Group Appoints Chief Financial Officer

by Katie Lee

Richardson, Texas — Fossil Group, Inc. has appointed Randy Greben as chief financial officer, effective March 17. He replaces Andrew Skobe, interim chief financial officer. Greben will oversee Fossil Group’s global financial strategy, focusing on leading the organization’s financial turnaround and business transformation. With more than two decades of financial leadership experience, Greben brings a strong track record of business transformations — ranging from deep turnarounds to high-growth strategies for a number of leading consumer brands. “For decades, Fossil Group and its iconic global brands have been part of the …

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Forever 21 Files for Chapter 11 Bankruptcy, Will Close All U.S. Stores

by Katie Lee

Los Angeles — Forever 21 has filed for Chapter 11 bankruptcy and will begin the process of closing all its U.S. stores. According to Reuters, the U.S. store count is about 350. The Los Angeles-based apparel retailer filed over the weekend in the U.S. Bankruptcy Court for the District of Delaware. Forever 21 has entered into a plan support agreement with its lenders to begin the voluntary closure process while continuing to look for sales opportunities of existing U.S. assets. Forever 21 was founded in 1984 and had a footprint …

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Newspeopleretailers

The Children’s Place Appoints CFO

by Katie Lee

Secaucus, N.J. — The Children’s Place, Inc., the largest pure-play children’s specialty retailer in North America with an omnichannel portfolio of brands, has appointed John Szczepanski as chief financial officer, effective March 31, 2025. He will report to Muhammad Umair, president and interim chief executive officer. As CFO, Szczepanski will oversee finance, accounting, financial planning & analysis, tax, treasury, procurement, investor relations, internal audit and real estate.  “Today marks an exciting new chapter for our company as we welcome John to be our chief financial officer,” says Umair. “During this …

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Sycamore Partners Agrees to Acquire, Privatize Drugstore Giant Walgreens in Multibillion-Dollar Deal

by Katie Lee

Deerfield, Ill. and New York City — Walgreens Boots Alliance (WBA) has entered into a definitive agreement to be acquired by an entity affiliated with private equity firm Sycamore Partners. The total value of the transaction is $23.7 billion, according to WBA, including an equity value of $10 billion, as well as debt, capital leases and potential future payouts from the opioid and Everly Health Solutions COVID-19 testing settlements. Upon completion of the transaction, which is expected to close in the fourth quarter of 2025, WBA common stock will be …

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Beyond Names Principal Executive Officer and President & CFO

by Katie Lee

Murray, Utah — The board of directors of Beyond, Inc., owner of Bed Bath & Beyond, Overstock and buybuy BABY, has appointed its executive chairman, Marcus Lemonis, to serve as its principal executive officer and appointed Adrianne Lee to serve as its president and chief financial officer. “We are committed to making money and returning this business to growth and will not let any obstacles deter that goal,” Lemonis says. “This leadership team is best suited to carry out our mandate of delivering profitable commerce.” As part of these leadership …

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