retailers

Walmart Outlines Growth Strategy, Unveils Next Generation Supply Chain

by Katie Lee April 10, 2023

Tampa, Fla. — Walmart Inc. kicked off its 2-day 2023 Investment Community meeting in Tampa, Fla., where leadership highlighted how the company is investing to strengthen its business through its people and an unparalleled, next generation supply chain network of stores, clubs and fulfillment centers, and driving future global growth opportunities across its omnichannel ecosystem and high value initiatives. “We are in a unique position to serve our customers and members however they want to shop, which will fuel continued growth,” says Doug McMillon, Walmart’s president and chief executive officer. …

April 10, 2023

News retailers

Bealls Inc. Plans Significant Retail Portfolio Rebranding

by Katie Lee April 5, 2023

Bradenton, Fla. — Bealls, Inc. plans a significant rebranding of two of its largest retail chains. The company’s 600 Bealls Outlet and Burkes Outlet locations in 23 states are uniting to become “bealls”. Changing Burkes to bealls was made possible by the Bealls Inc. acquisition of the national name rights to “Bealls” in 2020 from Stage Stores Inc. The company feels that the Outlet name is dated and can lead to misconceptions about the origin and quality of their merchandise. Bealls, Inc. also operates a retail chain that exists only in the …

April 5, 2023

construction and design News retailers

Genesis Opens First Stand-Alone Retail Facility in California

by Katie Lee April 4, 2023

Santa Monica, Calif. — Genesis is continuing its retail expansion with the opening of Genesis Santa Monica, the brand’s fifth standalone retail facility in the U.S. and first in California. Several more U.S. locations are currently under development with additional openings planned this year. Genesis Santa Monica, located not far from Genesis Motor America’s U.S. headquarters, features an elegant showroom with an open floorplan. It also offers at-home test drives and vehicle delivery to customers’ residence or place of business. Genesis Santa Monica is owned and operated by dealer principal …

April 4, 2023

News people retailers

Boot Barn EVP & Chief Operating Officer Plans to Retire

by Katie Lee April 3, 2023

Irvine, Calif. — Gregory V. Hackman, executive vice president and chief operating officer of Boot Barn Holdings, Inc., plans to retire later this year. He will continue with the company until his retirement date, currently estimated for June, and transition his responsibilities to other company executives. “I would like to extend my heartfelt gratitude to Greg for his 8 years with Boot Barn,” says Jim Conroy, president and chief executive officer. “Greg joined Boot Barn as our CFO in 2015, shortly after our IPO, and continued to take on more …

April 3, 2023

News retailers

IT’SUGAR Opens its Largest Store to Date in San Francisco

by Katie Lee April 3, 2023

Fort Lauderdale, Fla. — IT’SUGAR, one of the largest specialty candy retailers in the U.S., has opened its newest and largest candy department store at San Francisco’s Fisherman’s Wharf. Spanning nearly 30,000 square feet and three floors, this massive candy department store is full of immersive candy experiences celebrating the world’s most popular and iconic “sugary” brands. “We are extremely excited to bring the ultimate sugar high to one of the world’s most visited tourist attractions — Fisherman’s Wharf — with our largest store yet,” says Jeff Rubin, founder and …

April 3, 2023

News people retailers

Macy’s, Inc. Announces Leadership Succession Plan

by Katie Lee March 30, 2023

New York City — Macy’s, Inc.’s chairman and chief executive officer, Jeff Gennette, plans to retire in February 2024 after serving the company for 40 years. Tony Spring, Macy’s executive vice president and Bloomingdale’s chairman and CEO, has been appointed by the board of directors as the company’s next president and CEO-elect, and a member of the board of directors. As president, Spring will be responsible for leading Macy’s, Inc.’s digital, customer, merchandising and brand teams, while overseeing Bloomingdale’s and bluemercury. As a part of the leadership transition, Macy’s chief …

March 30, 2023

green news News retailers

PetSmart Releases First Corporate Social Responsibility Report

by Katie Lee March 29, 2023

Phoenix — PetSmart has released its first annual corporate social responsibility (CSR) report. The report shares PetSmart’s progress across key priorities: (1) healthy and happy pets, (2) empowered people and (3) responsible stewardship. “This report captures the important progress we’ve made and sets the foundation for continued industry leadership across our commitments to our people, the pets in our care, the planet and the communities we serve,” says J.K. Symancyk, president and CEO of PetSmart. “I’m proud that our priorities reflect the thoughts, beliefs and passions of our more than …

March 29, 2023

News retailers

Belk To Open 5 Additional Belk Outlet Locations

by Katie Lee March 28, 2023

Charlotte, N.C. — Belk is opening five additional Belk Outlet locations as part of a new concept the retailer debuted at the start of 2023. For the first time in Belk’s almost 135-year history, the company launched Belk Outlet as an opportunity for customers to get the best brands at a great price. Belk’s Greeneville, Tenn., location pioneered the initiative as the company converted an existing store into the first Belk Outlet and opened its doors to the public on January 30. The feedback from customers was overwhelmingly positive, and …

March 28, 2023

News people retailers

Bloomingdale’s Promotes GMM to Chief Merchant

by Katie Lee March 27, 2023

New York City — According to Tony Spring, Bloomingdale’s chairman and CEO, Denise Magid has been promoted to the newly created role of chief merchandising officer. She will report to Spring and will drive the strategic direction and performance of all Bloomingdale’s merchandising initiatives. The creation of the chief merchant role is a historic step for Bloomingdale’s and allows the brand to build on the momentum coming off its strong 2022 performance and its 150th anniversary celebration. “We are confident that Denise’s vision and leadership will continue to strengthen our …

March 27, 2023

News retailers

Foot Locker to Close More Than 400 Stores

by Katie Lee March 23, 2023

New York City — Foot Locker will close more than 400 underperforming stores as part of its “Lace Up” plan, announced during the company’s 2023 Investor Day call. According to Tony Aversa, senior vice president of global store development, the move is part of a strategy to manage portfolio risk by way of strategic closures. The company currently operates 2,700 locations, which will be reduced to approximately 2,400 by 2026, a number which also reflects the planned addition of stores in new formats. Despite the closures, Foot Locker intends to …

March 23, 2023

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