Content about General

July 17, 2014

American Apparel shareholders Bigger Capital Fund, Bachelier LLC and the Bigger Family, have sent a letter to the company's board seeking the resignation of co-chairmen David Danziger and Allan Mayer as board members.

New York -- American Apparel shareholders Bigger Capital Fund, Bachelier LLC and the Bigger Family, have sent a letter to the company's board seeking the resignation of co-chairmen David Danziger and Allan Mayer as board members.

The letter criticized the board’s "stealthily and abruptly ousting American Apparel's long-standing CEO and largest shareholder knowing that their actions will cause a near-imminent default under important contractual obligations of the company and cause it to default on nearly $10 million in loans."

July 10, 2014

American Apparel Inc. has reached an agreement with its largest shareholders that will bolster its financial situation, remake its board, and keep the retailer’s manufacturing in the United States.

New York -- American Apparel Inc. has reached an agreement with its largest shareholders that will bolster its financial situation, remake its board, and keep the retailer’s manufacturing in the United States.

June 9, 2014

Ankeny, Iowa — Casey’s General Stores reported that the board of directors elected Terry W. Handley to serve as president of the Company, effective immediately. He will continue to serve in his present role of COO.

Ankeny, Iowa — Casey’s General Stores reported that the board of directors elected Terry W. Handley to serve as president of the Company, effective immediately.  He  will continue to serve in his present role of COO.

May 14, 2014

General economic conditions, federal, state and/or local regulations, and retail competition/consolidation ranked as the top three risk factors cited by retailers, according to a survey by BDO USA.

Chicago -- General economic conditions, federal, state and/or local regulations, and retail competition/consolidation ranked as the top three risk factors cited by retailers, according to a survey by BDO USA. Rounding out the top five: U.S. and foreign supplier/vendor concerns and labor (health coverage, union concerns, staffing) concerns.            
 

April 7, 2014

Casey’s General Stores has selected Softeon’s warehouse managements ystem (WMS), as well as its load planning, yard management, and labor management applications, to improve efficiency and accuracy of its DC operations and drive additional throughput from existing DCs to enable them to support addition of new retail stores in the same physical footprint.

Ankeny, Iowa -- Casey’s General Stores has selected Softeon’s warehouse managements ystem (WMS), as well as its load planning, yard management, and labor management applications, to improve efficiency and accuracy of its DC operations and drive additional throughput from existing DCs to enable them to support addition of new retail stores in the same physical footprint.

April 1, 2014

Casey’s General Stores plans to break ground on the company’s second distribution center in November 2014.

Ankeny, Iowa -- Casey’s General Stores plans to break ground on the company’s second distribution center in November 2014. The facility will be located in Terre Haute, Ind.

February 12, 2014

Casey’s General Stores announced that it has signed an agreement to acquire 24 Stop-n-Go locations. Twenty of the stores are located in North Dakota and four are located in Minnesota.

Ankeny, Iowa -- Casey’s General Stores announced that it has signed an agreement to acquire 24 Stop-n-Go locations. Twenty of the stores are located in North Dakota and four are located in Minnesota.

January 13, 2014

RadioShack is enlisting specialty retail industry veteran John W. Feray to help the company execute its turnaround strategy and has appointed him executive VP and CFO, effective Feb. 6.

New York -- RadioShack is enlisting specialty retail industry veteran John W. Feray to help the company execute its turnaround strategy and has appointed him executive VP and CFO, effective Feb. 6.

December 12, 2013

Australian apparel retailer General Pants is rolling out interactive kiosks fusing music, fashion and social media to create a shopping experience to guide, inform and entertain consumers via Apple iPad device displays.

Sydney, Australia – Australian apparel retailer General Pants is rolling out interactive kiosks fusing music, fashion and social media to create a shopping experience to guide, inform and entertain consumers via Apple iPad device displays. The launch is the result of more than six months of development to create an omni-channel platform that merges the online and offline shopping experience.

December 10, 2013

Casey’s General Stores’ net income rose more than 24% during the second quarter of fiscal 2014, to $41.3 million from $32.8 million.

Ankeny, Iowa – Casey’s General Stores’ net income rose more than 24% during the second quarter of fiscal 2014, to $41.3 million from $32.8 million. The company also boosted revenue 5% to $2.01 billion from $1.91 billion.

October 16, 2013

Advance Auto Parts will acquire General Parts International, a privately held parts maker.

Roanoke, Va. -- Advance Auto Parts will acquire General Parts International, a privately held parts maker. The all-cash deal has an enterprise value of $2.04 billion.

Based in Raleigh, N.C., General Parts, which owns the Carquest brand, has 1,246 company operated stores in North America. It also operates 1,418 independently owned Carquest locations primarily in the United States and Canada.

October 1, 2013

SMS Assist announced it has appointed Geoffrey Wigner as executive VP of facilities for the Chicago-based technology-driven facilities maintenance and management company.

Chicago -- SMS Assist announced it has appointed Geoffrey Wigner as executive VP of facilities for the Chicago-based technology-driven facilities maintenance and management company.
 

July 18, 2013

General contractor Ferrandino & Son has hired Ryan Sklar as VP sales and marketing, effective immediately.

Farmingdale, N.Y. -- General contractor Ferrandino & Son has hired Ryan Sklar as VP sales and marketing, effective immediately.
 
Sklar has served in senior sales executive positions with Nautica and Tommy Hilfiger, and spent nine years as VP operations at Capital Contractors.
 

 

May 22, 2013

General economic conditions and federal, state and/or local regulations rank as the top two risks facing the retail industry, according to a new report by BDO USA.

Chicago -- General economic conditions and federal, state and/or local regulations rank as the top two risks facing the retail industry, according to a new report by BDO USA. The report, an analysis of the risk factors listed in the most recent 10-K filings of the largest 100 public U.S. retailers, found that federal, state and local regulations have increased as a risk among the nation’s largest retailers.

May 2, 2013

By Douglas H. Meal, David T. Cohen, and Lisa L. Rachlin, Ropes & Gray LLP

By Douglas H. Meal, David T. Cohen, and Lisa L. Rachlin, Ropes & Gray LLP

Retailers, like all businesses, constantly seek to learn more about their customers in order to serve them better. In Tyler v. Michaels Stores, however, the Massachusetts Supreme Judicial Court recently ruled that a simple step taken by many retailers to help achieve this goal – collecting the ZIP codes of their customers at the point of sale – can in some circumstances violate Massachusetts’ consumer protection statute.
   

October 1, 2012

Data released Monday by the Associated General Contractors of America revealed that construction spending declined between July and August to an annualized rate of $837 billion, but increased compared with August 2011 driven largely by growing demand for residential, lodging and education construction.

New York -- Data released Monday by the Associated General Contractors of America revealed that construction spending declined between July and August to an annualized rate of $837 billion, but increased compared with August 2011 driven largely by growing demand for residential, lodging and education construction.

September 11, 2012

Kum & Go and Casey’s General Stores announced that they have signed an agreement for Casey’s to acquire 22 convenience stores from Kum & Go.

Des Moines, Iowa -- Kum & Go and Casey’s General Stores announced that they have signed an agreement for Casey’s to acquire 22 convenience stores from Kum & Go.

The stores are located in Iowa, Missouri and North Dakota.

August 24, 2012

The store opening plans of retailers hit a four-year high in July, according to the August edition of the National Retailer Demand Monthly report from RBC Capital Markets and Retail Lease Trac.

New York -- The store opening plans of retailers hit a four-year high in July, according to the August edition of the National Retailer Demand Monthly report from RBC Capital Markets and Retail Lease Trac.

Retailers in the RBC database currently plan to open 78,325 stores over the next 24 months, which represents an 11% increase over openings projected at the end of 2011, and a 0.6% increase over June’s level.

July 19, 2012

By Eileen F. Mitchell, RCS Real Estate Advisors

By Eileen F. Mitchell, emitchell@rcsrealestate.com

May 16, 2012

This might not come as a huge surprise, but “irrational exuberance” is unlikely to be on prominent display.

This might not come as a huge surprise, but “irrational exuberance” is unlikely to be on prominent display. What have, in the past, been lavish spending habits of RECon attendees have been diminished in recent years, and I think the 2012 event will be no exception.

May 15, 2012

General economic conditions, U.S. and foreign supplier vendor concerns, and competition/consolidation are the top three risk factors cited by retailers, according to a new study by BDO USA, LLP, a leading accounting and consulting firm.

New York -- General economic conditions, U.S. and foreign supplier vendor concerns, and competition/consolidation are the top three risk factors cited by retailers, according to a new study by BDO USA, LLP, a leading accounting and consulting firm. Rounding out the top five: federal, state and local regulations, and terrorism, natural disasters and geo-political events.

April 25, 2012

Casey’s General Stores said it will break ground on its first site in Tennessee in June, marking the thirteenth state in the c-store chain’s area of operations.

Ankeny, Iowa -- Casey’s General Stores said Tuesday it will break ground on its first site in Tennessee in June, marking the thirteenth state in the c-store chain’s area of operations.

The debut store will open in Dyersburg, Tenn., in October.

“We believe the state of Tennessee provides an excellent opportunity for Casey’s,” said Robert Myers, president and CEO.

March 15, 2012

Casey’s General Stores said that it will break ground on its first site in Kentucky later this month.

Ankeny, Iowa -- Casey’s General Stores said Thursday that it will break ground on its first site in Kentucky later this month. This store will be located in Cadiz, Ky., and will mark the 12th state in which the c-store chain operates.

The Cadiz store is slated to open summer 2012, and will be followed by additional stores in Paducah and Henderson later this year, said the company.

Casey’s said it also has land under contract in Tennessee with plans to break ground next fiscal year as well.

March 1, 2012

General merchandise retailers Shopko Stores and Pamida announced the completion of their previously announced merger that will create a $3 billion company that serves largely rural communities in 22 states.

Green Bay Wis. -- General merchandise retailers Shopko Stores and Pamida announced Thursday the completion of their previously announced merger that will create a $3 billion company that serves largely rural communities in 22 states.

The combined entity will retain the Shopko name. Shopko will be headquartered in Green Bay and Pamida’s corporate headquarters in Omaha, Neb., will be consolidated into the Green Bay office over the next several months.

February 14, 2012

Trinity Building + Construction Management Corp. announced Tuesday that it has formed a new Canadian entity called Trinity Builders + General Contractors, ULC.

Wilmington, Mass. -- Trinity Building + Construction Management Corp. announced Tuesday that it has formed a new Canadian entity called Trinity Builders + General Contractors, ULC. The new company’s first project is a retail build-out for J. Crew, in Vancouver, British Columbia.

“Canada’s economy is largely driven by energy and natural resources and therefore has not had the tremendous downturn that we have recently experienced in the U.S,” said Paul Mancini, one of Trinity’s founders and VP business development.