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Ballard Designs Debuts Design Studio Store Concept

by Katie Lee

West Palm Beach, Fla. — Ballard Designs has chosen West Palm Beach, Fla., as the location of its inaugural Interior Design Studio concept store, and this month opened a newly renovated 2,500-square-foot space to become Ballard’s 17th retail location nationwide. “We’re so excited to launch our first ever Design Studio in this area because our 40+ years of client buying trends and business data tell us that the people of West Palm Beach love Ballard Designs,” says Dominic Milanese, vice president of retail for Ballard Designs. The new retail studio …

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Regal Cinemas’ Parent Company Cineworld Group Files for Chapter 11 Bankruptcy Protection

by Katie Lee

Brentford, UK — Cineworld Group, parent company to Regal Cinemas among other international theater brands, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. While a specific plan regarding the company’s real estate was not announced, Cineworld expects to pursue an “optimization strategy” regarding its locations across the U.S. as part of its bankruptcy proceedings. The company is engaging in discussions with its landlords on improving cinema lease terms in hopes of further positioning Cineworld for long term growth in the …

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ABG Appoints Executive Vice Chairman

by Katie Lee

New York City — Authentic Brands Group (ABG), a global brand development, marketing and entertainment platform, has appointed Matt O’Toole as executive vice chairman. In his new role, O’Toole will work in tandem with ABG’s leadership team on new brand acquisitions, driving strategic initiatives, as well as supporting the global expansion of Reebok. “We are thrilled to welcome Matt O’Toole to ABG’s leadership team,” says Jamie Salter, founder, chairman and CEO, ABG. “Matt brings over 30 years of leadership experience in the footwear, apparel, equipment and sports marketing business. For …

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Target Announces Leadership Updates

by Katie Lee

Minneapolis — Target Corporation has announced that Brian Cornell has committed to remain as CEO and lead the company for approximately 3 more years. Additionally, Arthur Valdez, executive vice president and chief supply chain and logistics officer, will retire from Target. He will be succeeded by Gretchen McCarthy, senior vice president, global inventory management, effective immediately. “In discussions about the company’s longer term plans, it was important to us as a board to assure our stakeholders that Brian intends to stay in his role beyond the traditional retirement age of …

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Bed Bath & Beyond Inc. Mourns the Loss of EVP and CFO

by Katie Lee

Union, N.J. — According to Bed Bath & Beyond Inc., Gustavo Arnal, executive vice president and chief financial officer of the company, passed away on September 2, 2022. The entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss. “I wish to extend our sincerest condolences to Gustavo’s family. Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our company. I am proud to have been his colleague, and he will be truly missed by all of us at …

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Meijer Introduces New Grocery Store Concept

by Katie Lee

Grand Rapids, Mich. — On Sept. 1, 2022, Meijer introduced a new brick-and-mortar store concept — Meijer Grocery — that will provide convenience for customers who are looking for a simplified shopping experience, while providing communities easier access to fresher foods. The first two Meijer Grocery stores will open in early 2023. The new stores will open in neighborhoods within southeast Michigan’s Orion and Macomb townships. The new concept is the retailer’s latest since first introducing the neighborhood market small format concept in August 2018 with the opening of Bridge …

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Bed Bath & Beyond Realigns Executive Team; Begins Closing 150 Stores

by Katie Lee

Union, N.J. — Bed Bath & Beyond Inc. aims to go back to basics: to better serve customers, drive growth and deliver business returns. To that end, Bed Bath & Beyond has realigned its executive team and also has begun closing approximately 150 lower-producing Bed Bath & Beyond banner stores. “We are announcing immediate actions aimed to increase customer engagement, drive traffic and recapture market share,” says Sue Gove, director & interim CEO. “This includes changing our merchandising and inventory strategy, which will be rooted in national brands. Additionally, we …

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Position Imaging Expands Executive Team, Names SVP of Operations

by Katie Lee

Stratham, N.H. — Position Imaging, Inc, a pioneer in package logistics and asset tracking technology, has added Lucas Carvalho as senior vice president of operations. Carvalho will lead all Global Operations, Service, Fulfillment and Human Resources across all of Position Imaging’s business units. The company is now adapting its tracking technology to retail logistics. Before joining Position Imaging, Carvalho, in his role as executive vice president of corporate resources, spent 17 years leading the team at BAMSI, an organization with over 2,000 employees operating out of 120 locations throughout Massachusetts. …

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Keeping Up With Kohl’s

by Katie Lee

— By Katie Lee —   Kohl’s expands with smaller-format stores, including Sephora in-store shops; launches new digital conveniences; and reduces its environmental impact.     Kohl’s is going big …by strategically going small. While some traditional discount department stores might bring to mind giant power centers with huge parking fields, Kohl’s is betting on the trend that a smaller footprint can better meet the demands of today’s savvy shopper. Just because the physical space is smaller doesn’t mean big things aren’t happening. With more than 1,100 stores across the …

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Von Maur Department Store to Open First Location in Pennsylvania

by Katie Lee

Davenport, Iowa — Von Maur Department Store plans to open a 118,000-square-foot store at South Hills Village in Pittsburgh. Scheduled to open fall 2024, the store will be the company’s first location in Pennsylvania. Located at the former Sears, renovations of the new two-level Von Maur store will begin this fall and will feature the company’s exterior brick façade and interior ambiance complete with original artwork, open-floor plan and music from the store’s grand piano. “The unrivaled shopping experience created at South Hills Village through its enticing mix of shopping, …

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