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JCPenney, SPARC Merge to Form Catalyst Brands

by Katie Lee

Plano, Texas — JCPenney and SPARC Group plan to merge, forming Catalyst Brands. Catalyst Brands launches with 1,800 store locations, 60,000 employees, more than $9 billion of revenue and $1 billion of liquidity. JCPenney and SPARC Group have created a joint venture in an all-equity transaction to form the combined organization, with Simon Property Group, Brookfield Corp., Authentic Brands Group and Shein as shareholders. The combined portfolio features six retail banners — the SPARC Group’s Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica and JCPenney. Marc Rosen, formerly the …

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Books-A-Million Appoints New Chief Financial Officer

by Katie Lee

Birmingham, Ala. — Books-A-Million, Inc. has appointed Damian Doggett as chief financial officer. In this role, he will lead the finance organization and will be responsible for all aspects of financial operations. Doggett joined Books-A-Million in 2006 and has held various leadership roles within the finance organization including accounting manager, senior accounting manager, assistant controller, controller, senior vice president and chief accounting officer. “I am pleased to announce Damian’s well deserved promotion to CFO,” says Terrance G Finley, chief executive officer of Books-A-Million. “His years of strong creative leadership, coupled …

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Ulta Beauty Names CEO Transition

by Katie Lee

Bolingbrook, Ill. — Dave Kimbell plans to retire from his position as chief executive officer of Ulta Beauty, the nation’s largest specialty beauty retailer, after 11 years with the brand. He will also step down from the company’s board of directors. Kecia Steelman, president and chief operating officer, will succeed Dave Kimbell as president and CEO and joined the company’s board on Jan. 6, 2025. Kimbell will serve as an advisor to the company through June 28, 2025. “On behalf of the board, we are grateful to Dave for his …

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construction and designfranchise developmentNewsretailers

URBAN REVIVO Unveils Global Expansion Plans for 2025

by Katie Lee

Guangzhou, China — At the dawn of a new year, fast-fashion brand URBAN REVIVO (UR) is celebrating significant milestones in its international market expansion throughout 2024 and unveiling ambitious plans for further global outreach in 2025. Building on a successful entry into Southeast Asian markets, URBAN REVIVO now sets its sights on major fashion capitals worldwide. In a pivotal year, URBAN REVIVO opened nine new stores across key Southeast Asian markets including Singapore, Malaysia, Thailand, Vietnam and the Philippines. This expansion brings the total number of the brand’s stores in …

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Nordstrom Family, Liverpool to Take Namesake Department Store Chain Private in $6.25B Deal

by Katie Lee

Seattle — In late December 2024, Nordstrom Inc. signed a definitive agreement with the Nordstrom family and Mexican omnichannel retailer El Puerto de Liverpool SAB de CV (Liverpool) in a deal that will take the fashion department store giant private. The all-cash transaction is valued at $6.25 billion. Erik, Pete and Jamie Nordstrom, along with other members of the Nordstrom family, and Liverpool plan to acquire all the outstanding common shares of Nordstrom that they do not already beneficially own. The deal would give the Nordstrom family a majority ownership …

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Party City to Close All Stores, The Container Store Files for Chapter 11

by Katie Lee

Woodcliff Lake, N.J., and Coppell, Texas — In a one-two punch of holiday retail bankruptcy announcements, Party City has issued a formal statement declaring that it will close all its U.S. stores within the coming months, while The Container Store has also formally filed for Chapter 11 bankruptcy protection. CNN first reported on Dec. 20, 2024 that Party City, which filed for Chapter 11 bankruptcy protection in January 2023 to restructure its debt, would now be liquidating. The New Jersey-based entertainment accessories retailer, which does business as Party City Holdco …

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AutoZone Promotes 2 Vice Presidents of Merchandising

by Katie Lee

Memphis, Tenn. — AutoZone, Inc. has promoted two vice presidents to senior vice president positions. Bailey Childress, vice president, merchandising, has been promoted to senior vice president, omnichannel and merchandising support, and Luke Rauch, vice president, merchandising, has been promoted to senior vice president, merchandising and global sourcing. Childress and Rauch will join the company’s executive committee and report to Bill Hackney, executive vice president, merchandising, marketing and supply chain. “We are very pleased to announce today’s promotions. Bailey is a proven leader who has delivered outstanding results throughout his …

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construction and designmanagementNewsproperty managementretailers

Vestar to Manage Vista Commons Near Las Vegas

by Katie Lee

Las Vegas — Vestar, a Phoenix-based privately held shopping center owner and manager, will provide comprehensive management services for Vista Commons, a 100,000-square-foot grocery-anchored shopping center located in the West Summerlin area of Las Vegas. Vestar, which will offer property management as well as construction management, will manage Vista Commons on behalf of an institutional client, for whom it manages nearly 3.5 million square feet. Vista Commons is 100% occupied with a diverse mix of tenants including Albertsons, Wells Fargo, State Farm, Subway, Bank of America and Dunkin Donuts. The …

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Toys”R”Us, Babies”R”Us to Make Latin America/Caribbean Debut with Flagship Stores in Panama

by Katie Lee

New York City — WHP Global, the parent company of Toys”R”Us, has partnered with Cotton Candy International to bring the Toys”R”Us and Babies”R”Us brands to Latin America and the Caribbean for the first time. Under the agreement, Cotton Candy International will open the first Toys”R”Us and Babies”R”Us flagship stores in Panama in 2025, with plans for additional standalone Toys”R”Us and Babies”R”Us stores to follow across the region. The expansion into Latin America and the Caribbean marks a significant milestone in the Toys”R”Us global growth strategy, following recent successful launches in …

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Ahold Delhaize USA Promotes EVP, Retail Operations, to President of Food Lion

by Katie Lee

Salisbury, N.C. — Ahold Delhaize USA has announced that Food Lion executive Greg Finchum, currently executive vice president, retail operations, will assume the role of president, in May 2025. The appointment comes after Meg Ham, president, Food Lion, announced that she will retire in May 2025. Finchum joined Food Lion in 1989 and has been in his current role for more than a decade. “We are excited to have Greg, a talented retail operator at heart, step into this role,” says JJ Fleeman, CEO, Ahold Delhaize USA. “Greg has held …

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