retailers

Newspeopleretailerssupply chain

Dollar Tree Names New Chief Supply Chain Officer

by Katie Lee

Chesapeake, Va. — Dollar Tree, Inc. has named a key executive leadership addition, with Mike Kindy joining the organization as chief supply chain officer. He has more than 34 years of management experience in retail logistics and operating distribution centers. “Improving our overall operating efficiency is contingent on a strong, resilient supply chain,” says Rick Dreiling, chairman and CEO of Dollar Tree, Inc. “I’m pleased to have the opportunity to work with high-caliber leaders like Mike and the rest of our expert leadership team to drive improved supply chain performance, …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailers

Tuesday Morning Is Going Out of Business and Closing All Stores

by Katie Lee

Chicago — Going out of business sales have begun at all of Tuesday Morning’s approximately 200 stores in 25 states. This news follows the recent bankruptcy filing by Bed Bath & Beyond, less than 10 days prior. According to CNN, Tuesday Morning’s first bankruptcy happened in May 2020, during the height of the COVD-19 pandemic. Select fixtures, furnishings and equipment will also be available for sale in closing locations. Gift cards will be honored through May 13, 2023. Merchandise purchased prior to April 28, 2023, may be returned within 14 …

Continue Reading
0 FacebookTwitterPinterestEmail
construction and designfranchise developmentNewsretailers

The Athlete’s Foot Launches New Neighborhood Concept Store in Midtown Atlanta

by Katie Lee

Atlanta — The specialty footwear and lifestyle chain, The Athlete’s Foot (TAF), launched its most anticipated project of 2023: the introduction of its “neighborhood” concept store, located at Atlantic Station in Midtown Atlanta. The Athlete’s Foot is focused on elevating the consumer experience while continuing to drive hyper-localized product assortment and community engagement efforts. The grand opening events, which took place at the end of April, included a sneaker customization class, live performances, and custom art pieces and murals. The Athlete’s Foot partnered with Adidas to provide swag bags filled …

Continue Reading
0 FacebookTwitterPinterestEmail
construction and designNewsretailers

Weis Markets to Invest Over $160 Million in New Growth in 2023

by Katie Lee

Sunbury, Pa. — Weis Markets, Inc.’s chairman, president and CEO, Jonathan H. Weis, recently updated shareholders on the company’s plans to invest more than $160 million in its growth in 2023. Included in this plan will be record investments in new stores, remodels, fuel centers, information technology upgrades and thousands of smaller store improvement projects. “In 2023, we plan to invest more than $160 million in our capital expenditure program,” says Weis. “Our budget includes 20 remodels, six fuel centers, one addition and one new store, which will open in …

Continue Reading
0 FacebookTwitterPinterestEmail
Newspeopleretailers

Academy Sports + Outdoors Plans Leadership Succession

by Katie Lee

Katy, Texas — As a result of a planned succession process, the following changes to the executive leadership team of Academy Sports and Outdoors, Inc. will be effective as of June 1, 2023. Ken C. Hicks, chairman, president and CEO, will transition to executive chairman of the board. Steven (Steve) P. Lawrence, executive vice president (EVP) and chief merchandising officer (CMO), will become CEO and a member of the board; he will continue to serve as CMO until a successor is appointed. Michael P. Mullican, EVP and chief financial officer, …

Continue Reading
0 FacebookTwitterPinterestEmail
Industry Voicesrestaurantsretailers

Following OSHA’s Lead

by Katie Lee

— By Troy Tepp — What restaurants and retailers can learn from common OSHA violations to protect their employees and business.   Each October, OSHA — the Occupational Safety and Health Administration — releases its annual review of the 10 most frequent violations of the past year. The list provides business owners and managers a reason to slow down and think about the safety of their business — even when the days get too busy. Rather than fear violations or surprise visits, business leaders should embrace the information as a …

Continue Reading
0 FacebookTwitterPinterestEmail
construction and designfranchise developmentNewsretailers

Toys”R”Us® to Open in Mexico for the First Time in 2023

by Katie Lee

New York City — WHP Global, the parent company of Toys”R”Us, has partnered with leading omnichannel retailer El Puerto de Liverpool, SAB de CV to launch the toy brand in Mexico for the very first time. The partnership will bring Toys”R”Us to Mexican customers through standalone flagship stores and e-commerce. Toys”R”Us has experienced significant growth since its acquisition by WHP Global in 2021, doubling its footprint by 50% in 2022 with the national rollout in the U.S. at all Macy’s stores and recent launches in India, United Kingdom and Australia. …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailers

Academy Sports + Outdoors Plans to Open 13-15 New Stores This Year

by Katie Lee

Katy, Texas — Academy Sports and Outdoors, Inc., a leading full-line sporting goods and outdoor recreation retailer, plans to continue its expansion efforts with the goal of opening 13 to 15 stores this year, and a total of 120 to 140 new stores by the end of 2027. To that end, Academy will open its first location in Peoria, Ill., this summer. The new 60,000-square-foot store will be Academy’s second location in Illinois, located at Grand Prairie Plaza. Originally founded in 1938 as a family business in Texas, Academy has …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailers

Bed Bath & Beyond Inc. Files Voluntary Chapter 11 Petitions

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc., along with certain of its subsidiaries, has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey to implement an orderly wind down of its businesses. The 360 Bed Bath & Beyond and 120 buybuy BABY stores and websites will remain operational as the company begins its efforts to effectuate the closure of its retail locations. The company has received a commitment of approximately $240 million in …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailers

Ingka Group to Invest $2.2 Billion in New IKEA Locations, Omnichannel Growth Across U.S.

by Katie Lee

Leiden, Netherlands — Ingka Group has announced plans to invest $2.2 billion over the course of the next 3 years on new IKEA retail locations and omnichannel growth across the United States. The Leiden, Netherlands-based company is the largest owner of IKEA stores globally, representing more than 90% of IKEA retail sales with more than 370 stores and 100 home décor planning studios open across 31 countries. The initial phase of investment will include opening eight stores in IKEA’s traditional format and nine “Plan and Order” points, which are smaller …

Continue Reading
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts