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Batteries Plus Closes Out Q3 with 50 Signed Agreements in 2022

by Katie Lee

Hartland, Wis. — Batteries Plus, the nation’s largest and fastest-growing battery, light bulb, key fob and phone repair franchise, worked hand-in-hand with seven new franchise owners, as well as two existing, to open a total of nine new locations in third quarter. This is in addition to the nine new franchise signings the brand has been able to amass since July. As a whole, these most recent developments put Batteries Plus at 50 signed agreements for the year thus far, primarily at the hands of the 46 new franchisees that …

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Conn’s, Inc. President and CEO Steps Down

by Katie Lee

The Woodlands, Texas — Conn’s, Inc.’s president and chief executive officer, Chandra Holt, has stepped down from her position and from the company’s board, effective immediately. Norman L. Miller will serve as interim president and chief executive officer. Miller was the company’s former president and CEO from September 2015 until August 2021 and executive chairman from August 2021 until April 2022; he also has been a member of the board of directors since September 2015. Miller is a retail and consumer finance industry veteran and executive with over 30 years …

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REI Co-op Hires VP, Physical Stores and Retail Operations

by Katie Lee

Seattle — REI Co-op has added Mary-Farrell Tarbox to its retail leadership and corporate officer teams. Tarbox joins REI on October 24 as the company’s vice president, physical stores and retail operations. “Mary-Farrell is a proven leader in omni-channel operations. Her more than 30 years of leading successful teams across multiple retail environments made her a clear choice,” says Cameron Janes, chief commercial officer of REI Co-op. “As REI’s retail presence expands across the nation, she will have a key role in helping the co-op achieve our aspiration to serve …

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Kroger to Acquire Albertsons in $24.6 Billion Merger of Grocery Giants

by Katie Lee

Cincinnati and Boise, Idaho — Kroger Co. and Albertsons Cos. Inc. have agreed to a merger under which Kroger will acquire all outstanding shares of Albertsons’ common and preferred stock for an estimated total consideration of $34.10 per share, or a total enterprise value of approximately $24.6 billion. The deal includes the assumption of $4.7 billion of Albertsons’ net debt. Both companies’ boards of directors unanimously approved the agreement. The exact motivation for the merger was not stated in the press release, but The Wall Street Journal notes that by …

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MarineMax Appoints 2 Key Leaders as Executive Officers

by Katie Lee

Clearwater, Fla. — MarineMax, Inc., the world’s largest recreational boat and yacht retailer, has appointed two key leaders as executive officers of MarineMax. The company’s board of directors has named Shawn Berg and Kyle Langbehn as executive officers, effective October 1, 2022, as the company continues to execute its strategic growth plan. Berg has served as chief digital officer of MarineMax since April 2019, responsible for the company’s technology, marketing and digital business operations. Previously, he served as vice president of technology after joining MarineMax in 2017. Berg has over …

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Forever 21 Plans to Open 14 New Stores in U.S.

by Katie Lee

Los Angeles — Forever 21 plans to open 14 new stores across the U.S., starting with a new location at the Gran Plaza Outlets in Calexico, which opened this past August. The Calexico, Calif., store is the first in a series of Forever 21 openings across America scheduled through June 2023. “We’re seeing even more consumers returning to the in-store shopping experience,” says Winnie Park, CEO of Forever 21. “While our online business remains strong and a key component of our growth strategy, we love interacting with our consumers in-store. …

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construction and designNewsretailerssoftware/technology

West Elm Launches Virtual Design Experience on Roblox

by Katie Lee

Brooklyn, N.Y. — Global design company West Elm, a member of Williams-Sonoma, Inc., the world’s largest digital-first, design-led and sustainable home retailer, has launched its own virtual world, West Elm Home Design, on Roblox, a global platform bringing 52 million daily users together through shared experiences. The first major specialty home retailer to premiere on Roblox, West Elm’s debut into the metaverse offers a best-in-class virtual experience with high-fidelity design and unprecedented photorealism that will appeal to new and existing West Elm fans and design enthusiasts. The West Elm Home …

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construction and designNewsproperty managementremodelsretailers

Macerich Underway on Next Phase of its Renovation of Scottsdale Fashion Square

by Katie Lee

Santa Monica, Calif. — Macerich, one of the nation’s leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, is underway on the next phase of ongoing reinvestment in its iconic Scottsdale Fashion Square located in Scottsdale, Ariz. Plans include an extensive interior and exterior renovation of the south wing, building on the successful first phase that launched the property’s spectacular luxury wing in 2018. New, complementary uses coming soon to Scottsdale Fashion Square include high-end fitness + wellness destination Life Time Scottsdale and the new …

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Target Names Chief Digital and Product Officer

by Katie Lee

Minneapolis — Target Corporation has hired Prat Vemana as executive vice president, chief digital and product officer. Vemana will join Target on Oct. 31 as a member of Target’s leadership team, reporting to Cara Sylvester, chief guest experience officer. In this role, he will oversee Target’s digital business, including site merchandising, user experience, digital operations and product, and Target+, the retailer’s growing online third-party marketplace. Additionally, Vemana will provide key support for Target’s industry-leading product teams across the company by bringing a holistic view to the retailer’s overall product strategy. …

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Qurate Retail Group Names Chief Operating Officer

by Katie Lee

West Chester, Pa. — Qurate Retail GroupSM has appointed Scott Barnhart as its new chief operating officer (COO), effective immediately. As COO, Barnhart leads supply chain, procurement, global business services, and corporate real estate and workplace services (CREWS) for all Qurate Retail Group brands globally; customer service and experience for all U.S. brands; and QVC® and HSN®’s U.S. fulfillment operations. Barnhart also oversees the transformation management office for Project Athens, Qurate Retail Group’s 3-year plan to establish revenue stability, OIBDA margin expansion and incremental cash flow generation. Barnhart reports to …

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