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Target Plans to Open 30 New Stores in 2026 and Refresh Existing Stores

by Katie Lee

Minneapolis — Target Corporation has unveiled its multi-year strategy under CEO Michael Fiddelke to accelerate its return to growth. The strategy includes plans to open more than 30 new stores, refresh the store experience across the chain, and invest in store payroll and training to elevate the guest experience. “This new chapter of growth at Target is defined by clear choices and rooted in a deeper understanding of our unique lane in retail, the guests we serve and the areas where we’re distinctly positioned to win,” says Fiddelke. “This work …

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J. August to Reopen in Harvard Square

by Katie Lee

Cambridge, Mass. — J. August is reopening its beloved Harvard Square location, bringing fresh energy back to one of New England’s most iconic shopping destinations. Returning to the corner of Massachusetts Avenue in Cambridge, Mass., J. August is reopening with a refreshed look; a grand re-opening celebration is planned for late March. The iconic retailer has long been woven into the rhythm of Harvard life from first-year move-in weekends to commencement celebrations. Now, with a thoughtfully updated space that reflects the character and energy of the neighborhood, J. August begins …

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construction and designNewsretailers

Floor & Decor Opens First Store on Staten Island

by Katie Lee

Atlanta — Floor & Decor has opened its newest warehouse store and design center in Staten Island, N.Y., located at 98 Richmond Hill Rd. This marks the retailer’s first store on Staten Island and its second in New York City. The Staten Island store is led by Arsenio (AJ) MacKay, the store’s chief executive merchant. “Bringing Floor & Decor to Staten Island is an exciting milestone for our team,” says MacKay. “For more than 25 years, we’ve focused on making quality flooring and tile accessible to everyone, and we’re proud …

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construction and designfranchise developmentNewsretailers

RNR Tire Express Signs First International Franchise Agreement to Enter Canada

by Katie Lee

Oshowa, Ontario (Canada) — RNR Tire Express (RNR), a leading franchise retailer for tires and custom wheels, is officially entering Canada with the signing of its first international franchise agreement. The new location is currently under construction at 1080 Simcoe St. N in Oshawa, Ontario, and is anticipated to open in March 2026. “Expanding into Canada is a natural next step for RNR as we continue to grow alongside our franchisees and the communities we serve,” says Adam Sutton, CEO of RNR Tire Express. “Our focus has always been on …

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construction and designNewsretailers

IKEA to Open First Location in Alabama

by Katie Lee

Conshohocken, Pa. — IKEA U.S. will open its newest location in Huntsville, Ala., on Feb. 25, 2026, marking its first location in the state of Alabama. “As we expand our presence in the U.S., we’re excited to introduce the IKEA experience to North Alabama, marking our very first location in the state,” says Rob Olson, interim CEO of IKEA U.S. “IKEA Huntsville reflects our dedication to serving customers where they are and providing innovative, affordable solutions that make everyday life better.” Located in the University Place Shopping Center at 6125 …

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construction and designNewsretailers

Bambi Baby Expands to New York City with New Flagship Destination

by Katie Lee

New York City — Bambi Baby, a family-owned baby furniture and gear retailer with nearly 50 years of experience, has opened a new store in the heart of New York City. The newly opened location at 655 6th Ave. offers a curated selection of the best-in-class baby products and personalized services to families throughout the city and beyond. Since 1976, Bambi Baby has been a trusted resource for families, helping parents make informed decisions about everything from cribs and strollers to highchairs and car seats. What started as a small …

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Designer Brands Inc. Appoints New EVP, Chief Financial Officer

by Katie Lee

Columbus, Ohio — Designer Brands Inc. has appointed Sheamus Toal as executive vice president, chief financial officer and principal financial officer. Mark Haley, who has served as interim principal financial officer during the transition period, will return full time to his position as senior vice president, controller and principal accounting officer. Toal joins the company from The Children’s Place. Toal brings deep financial and operational experience shaped by decades of leadership in chief financial officer and chief operating officer roles across large, complex public and private companies. As a proven …

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Saks Global to Close Select Saks Fifth Avenue and Neiman Marcus Stores

by Katie Lee

New York City — Saks Global Enterprises LLC, a leading luxury retail company, is underway on an initial phase of optimization across its Saks Fifth Avenue and Neiman Marcus store footprint, which will include nine store closings. There are no changes to the Bergdorf Goodman operational footprint. “We are initiating a series of actions to reinforce Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman as the ultimate destinations for luxury with a seamless multi-channel shopping experience,” says Geoffroy van Raemdonck, chief executive officer of Saks Global. “By optimizing our operational …

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CarMax Names New Chief Executive Officer

by Katie Lee

Richmond, Va. — CarMax, Inc. has appointed Keith Barr as president and chief executive officer, as well as a member of the board of directors, effective March 16, 2026. David McCreight, current interim president and CEO of CarMax, will transition to his prior duties as an independent director of the board. Tom Folliard will remain in his role as interim executive chair of the board until the company’s annual meeting in June 2026, after which he is expected to resume his prior duties as non-executive chair of the board. Barr …

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Eddie Bauer LLC Initiates Voluntary Chapter 11 Process

by Katie Lee

Bellevue, Wash. — Eddie Bauer LLC, operator of Eddie Bauer stores in the United States and Canada and a licensee of the Eddie Bauer brand, has entered into a Restructuring Support Agreement (RSA) with its secured lenders and commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the District of New Jersey. The RSA is designed to enable Eddie Bauer to move through the process as quickly and efficiently as possible. Through the RSA and the Chapter 11 proceedings, Eddie Bauer will conduct liquidation sales at its …

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