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Cooperative Growth

by Katie Lee

— Interview with Jason Hipskind — With a retail cooperative model similar to franchising, Ace Hardware is uniquely able to continue its historic expansion with more than 200 new stores planned in 2024. Globally, Ace Hardware has opened more than 1,100 stores in the last 5 years — quite the impressive feat considering nearly half of that timeframe included a global pandemic. But as an essential business, the more than 100-year-old retail cooperative continued to open new stores, evolve its product offerings, expand its omnichannel presence, and refresh its physical …

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99 Cents Only to Close All 371 Store Locations

by Katie Lee

Commerce, Calif. — 99 Cents Only Stores LLC plans to close all 371 of its stores and wind down its business operations. The company has entered into an agreement with Hilco Global to liquidate all merchandise and dispose of fixtures, furnishings and equipment at the stores. Sales under this agreement began on April 5. 99 Cents Only was founded in 1982 as a deep-discount retailer where every item cost less than a dollar. The company is headquartered in the southeast Los Angeles suburb of Commerce, and currently operates stores in …

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HFA Architecture + Engineering Names New Chief Financial Officer

by Katie Lee

Bentonville, Ark. — HFA Architecture + Engineering has hired veteran financial leader Lisa Hess (CMA, CSCA) as its new chief financial officer. She joins HFA from her prior role as CFO of Mackie Wolf Zientz & Mann, P.C., a mortgage banking law firm. Based in HFA’s Fort Worth, Texas, office, Hess brings more than 18 years of finance, accounting and management experience in sectors such as engineering, construction, law and technology. “Lisa boasts extraordinary management, organizational, analytical and problem-solving skills, and she is passionate about embracing change and positioning for …

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construction and designfranchise developmentNewsretailers

Re-Bath Plans to Surpass 150 Units in 2024

by Katie Lee

Miami — Re-Bath, the nation’s largest complete bathroom remodeling franchise, has signed a franchise agreement in Florida that will cover Miami and all surrounding communities in Dade County. Re-Bath currently has 11 locations operating in Florida and is set to venture into even more new markets within the state, and throughout the East Coast. The over 100-unit chain plans to surpass 150 locations in 2024. “There is tremendous potential for growth in Florida, and my team and I are committed to bringing Re-Bath’s exceptional services to Miami and the surrounding …

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Destination XL Group, Inc. to Open 9 New Stores in 2024

by Katie Lee

Canton, Mass. — Destination XL Group, Inc., the leading retailer specializing in men’s Big + Tall apparel, has partnered with Beta Agency, a renowned commercial real estate brokerage known for its expert advisory services, to grow the company’s footprint in prime locations that resonate with the brand’s Big & Tall audience. With this partnership, DXL plans to open nine new stores in 2024. “Our partnership with Beta Agency is a game-changer for DXL, enabling us to accelerate our retail footprint buildout with a data-driven approach to retail location strategy,” says …

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Tangram Interiors Partners with Neiman Marcus Group to Create Corporate Hub in Dallas

by Katie Lee

Dallas — Tangram Interiors, a curator of highly creative commercial interior environments headquartered in Southern California, partnered with Neiman Marcus Group in 2023 to complete an innovative, luxurious corporate hub at CityPlace Tower in Dallas. This groundbreaking project reflects Neiman Marcus Group’s commitment to prioritizing employee wellbeing and belonging. The company’s architecture and design partner, Gensler, approached Tangram Interiors with the goal of creating a high-end, personal and inclusive workspace to empower its associates. Neiman Marcus Group has long championed the importance of employee satisfaction and inclusivity, recognizing that these …

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Academy Sports + Outdoors to Open 15-17 New Stores in 2024

by Katie Lee

Katy, Texas — Academy Sports + Outdoors will open 15-17 new stores in its fiscal 2024 year, starting with two new stores in the first quarter in Knightdale, N.C., and Greenwood, Ind. The new stores are part of Academy’s plans to open 160 to 180 new stores over the next 5 years.  Half of the new stores are expected to open in markets where the retailer has an existing footprint. The remaining 80 to 90 stores are planned for new and adjacent markets, with a focus on expanding to smaller …

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Newspeopleretailers

Vince CEO Resigns; Interim CEO Named

by Katie Lee

New York City — Vince Holding Corp., a global contemporary retailer, has announced that Jack Schwefel has resigned as chief executive officer. The company’s board of directors has appointed David (Dave) Stefko, current director and former CFO, as interim CEO, effective immediately, and has initiated a search process to identify a permanent chief executive officer. “The board thanks Jack for his work in positioning Vince for its next chapter of growth and wishes him the best as he pursues other opportunities,” says Michael Mardy, chairman of the board. “We are …

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CBL Properties and MINISO Partner to Expand U.S. Presence to 13 CBL Malls

by Katie Lee

Chattanooga, Tenn. — CBL Properties has executed multiple deals with global lifestyle retailer MINISO, expanding the brand’s presence to a dozen new markets in the United States. The first wave of store openings started in November 2023 at Valley View Mall in Roanoke, Va., and Hanes Mall in Winston-Salem, N.C., followed by the January 2024 opening at Coastal Grand Mall in Myrtle Beach, S.C. Throughout the rest of 2024, stores will open in the following malls and locations: • CoolSprings Galleria (Nashville, Tenn.) • Hamilton Place (Chattanooga, Tenn.) • West …

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Take 5 Car Wash Names New President and SVP, Field Operations

by Katie Lee

Charlotte, N.C. — Tim Austin joins Take 5 Car Wash as president from the retail hearing healthcare company, Lucid Hearing, where he served as president and COO, helping grow the company to over 500 worldwide locations. Take 5 Oil Change also has added a senior vice president of field operations, Missy McKinley. She most recently served as senior vice president of operations for Scooter’s Coffee. “Tim is a proven multi-unit leader with more than three decades of success at some of the world’s most respected retailers,” says Danny Rivera, executive …

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