Wednesday, December 3, 2025
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Scott Norris
franchise developmentNewspeopleretailers

Friar Tux Appoints New President

by Abby Cox

Anaheim, Calif. — Anaheim, California-based Friar Tux has appointed Scott Norris as president. Norris is a veteran of the men’s apparel and retail industry who has held various leadership roles for more than two decades. In his new role, Norris will lead Friar Tux’s growth strategy across its digital channels and e-commerce platforms, drive expansion into new brick-and-mortar markets and develop Friar Tux teams. He will also focus on reducing friction across the customer journey, while advancing technologies such as the company’s AI-powered Fit Calculator, which is designed to deliver sizing …

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managementNewsproperty managementretailers

JLL Secures Property Management for 10 Retail Centers in Southeast

by Katie Lee

Miami — JLL has been selected to lead on-site property management services for 10 open-air retail centers across Florida and South Carolina, marking a significant milestone in the firm’s nationwide growth strategy. The newly added centers, recently acquired by 11North Partners (11North) and Bain Capital Real Estate, collectively span more than 1 million square feet of gross leasable area with occupancy rates exceeding 93%. The addition of these high-performing properties is part of a broader expansion of JLL’s retail property management portfolio, which has grown by 18 new centers in …

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Newsremodelsretailers

Bed Bath & Beyond, Inc. Completes $10 Million Acquisition of Kirkland’s Home Brand Assets

by Katie Lee

Murray, Utah — Bed Bath & Beyond, Inc., owner of Bed Bath & Beyond, Overstock, buybuy BABY and a blockchain asset portfolio, has completed a $10 million purchase of the Kirkland’s Home® trade name and related brand assets from The Brand House Collective, Inc. The move accelerates the companies’ national store conversion strategy, converting Kirkland’s Home locations into Bed Bath & Beyond stores to drive a larger national footprint, greater operating efficiencies and underscoring the company’s conviction in the power of ‘omnichannel.’ The companies will expand Kirkland’s Home into the …

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construction and designNewsremodelsretailers

Rack Room Shoes Continues to Open “Lighthouse Concept Stores”

by Katie Lee

Charlotte, N.C. — Rack Room Shoes is building on its strategic growth plan with the opening of seven new “lighthouse concept stores” across the country. The new locations aim to reimagine and enhance the shopping experience for the entire family. The elevated locations provide customers with an improved, multi-layered experience with better visual navigation and eye-catching elements throughout the store. The latest generation stores improve the wayfinding of Rack Room’s athletic assortment and enhance the presentation of key brands and seasonal assortments. The stores also include upgraded service elements, including …

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construction and designNewsretailers

Robert Talbott Opens First Permanent Store on Madison Avenue

by Katie Lee

New York City — American luxury menswear house Robert Talbott celebrated the grand opening of its new store on Madison Avenue in New York City on Sept. 10. The store opening represents a significant milestone for the brand as it celebrates its 75th anniversary and embarks on a new era of strategic growth and creative revival. Founded in 1950 in Carmel-by-the-Sea, Calif., by Audrey and Robert Talbott as a fine neckwear atelier, the brand has since grown into a full-fledged luxury menswear label known for uncompromising craftsmanship, timeless design and …

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construction and designNewsretailers

Walmart to Open First Branded Stores in South Africa

by Katie Lee

Johannesburg — Walmart plans to open its first branded stores in South Africa later this year. With sites already in development, these new stores are set to open before the end of the year, with official opening dates to be announced in October. The company will share further details about store locations, hiring, and community initiatives in the coming months. “Walmart’s South African stores will offer a wide range of merchandise, including fresh groceries, household essentials, apparel and technology,” says Kath McLay, Walmart International president and CEO. “Walmart also will …

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franchise developmentNewsrestaurantsretailers

Potbelly Corporation to be Acquired by RaceTrac in Approximately $566 Million Transaction

by Katie Lee

Chicago — Potbelly Corporation, an iconic neighborhood sandwich shop concept, and RaceTrac, Inc., one of the largest privately held companies in the United States and a leading convenience retailer, have entered into a definitive merger agreement in which RaceTrac will acquire all of the outstanding shares of Potbelly for $17.12 per share, in an all-cash transaction with an equity value of approximately $566 million. The acquisition is expected to close in the fourth quarter of 2025, subject to the satisfaction of customary closing conditions and regulatory approvals. Until the transaction …

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Newsretailers

DICK’S Sporting Goods Completes Acquisition of Foot Locker

by Katie Lee

Pittsburgh — DICK’S Sporting Goods, Inc., a leading U.S.-based full-line omnichannel sporting goods retailer, has completed its planned acquisition of Foot Locker, Inc., a leading footwear and apparel retailer. As a combined company, DICK’S will now operate more than 3,200 stores plus e-commerce and digital businesses across 20 countries in North America, Europe, Asia and Australia, plus a licensed store presence in Europe, the Middle East and Asia. DICK’S will continue to operate Foot Locker’s portfolio of brands, including Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos, under …

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construction and designgreen building/LEEDgreen newsNewsretailers

IKEA to Open First New Zealand Store in December

by Katie Lee

Malmö, Sweden — Two years after breaking ground in Sylvia Park, Auckland, Ingka Group, the largest IKEA retailer, has announced that it will open its first store in New Zealand on Dec. 4th, 2025. “The interest and anticipation for IKEA in New Zealand can be felt all the way to Sweden, and we are very humbled by it,” says Tolga Öncu, Ingka retail manager (COO) at IKEA Retail (Ingka Group). “Welcoming a new country to the IKEA family always brings special emotions, and we could not be more excited to …

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construction and designNewsretailers

MarineMax Opens Flagship Yacht Sales & Service Center in Florida

by Katie Lee

Oldsmar, Fla. — MarineMax, Inc., the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, has opened its flagship Yacht Sales and Service Center in Fort Myers, Fla. The 23-acre waterfront property is designed to elevate the customer experience and support Southwest Florida’s boating community. “Our new location in Fort Myers is designed to meet the increasing demand in one of Florida’s top yachting and boating markets,” says Brett McGill, CEO and president of MarineMax. “Covering over 30,000 square feet, the Yacht Sales & Service Center …

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