April 22, 2014

Troy Risch, executive VP of store operations at RadioShack Corp., has resigned to pursue other unspecified interests.

Fort Worth, Texas – Troy Risch, executive VP of store operations at RadioShack Corp., has resigned to pursue other unspecified interests. The resignation is effective April 18, and his duties will be temporarily taken over by other executives.

Risch joined the company in December 2012. RadioShack is currently in the process of closing 1,000 stores. He previously spent 19 years at Target Corp. No timetable has been given to hire a permanent replacement.

 

April 22, 2014

The recent announcement from Coldwater Creek that the women’s apparel brand will seek Chapter 11 protection and plans to start liquidating its inventory didn’t exactly come as a surprise.

The recent announcement from Coldwater Creek that the women’s apparel brand will seek Chapter 11 protection and plans to start liquidating its inventory didn’t exactly come as a surprise. It has been years since the company posted a quarterly profit, and industry analysts and observers have been pointing to Coldwater’s worrying inability to compete stylistically in an increasingly competitive and youth-oriented women’s fashion market.

April 22, 2014

Arby's Restaurant Group Inc. (ARG), franchisor of Arby’s, has signed development agreements with new and existing franchisees.

Atlanta - Arby's Restaurant Group Inc. (ARG), franchisor of Arby’s, has signed development agreements with new and existing franchisees. ARG recently sold 14 company-operated restaurants in Tampa, Fla., to Mosaic Investments Inc., a fully integrated investment firm based in Atlanta. In addition to remodeling existing locations slated to commence at the end of 2014, Mosaic has committed to build 13 new Arby's restaurants in the Tampa area during the next nine years.

April 22, 2014

Barney’s New York has released its iPad app. Created in partnership with mobile development and design firm Fueled, the app will allow users to experience the shopping functionality found on Barneys.com seamlessly integrated with relevant and exclusive content, providing background and insight into purchases.

New York – Barney’s New York has released its iPad app. Created in partnership with mobile development and design firm Fueled, the app will allow users to experience the shopping functionality found on Barneys.com seamlessly integrated with relevant and exclusive content, providing background and insight into purchases.

April 22, 2014

E-commerce company Birchbox, which provides subscribers with monthly boxes of personalized beauty products for a monthly fee, has launched managed fulfillment operations and small parcel management with third party logistics provider OHL.

New York -- E-commerce company Birchbox, which provides subscribers with monthly boxes of personalized beauty products for a monthly fee, has launched managed fulfillment operations and small parcel management with third party logistics provider OHL. The new fulfillment center is located in Mount Juliet, Tenn., providing a more centralized location and faster transit times for Birchbox customers across the U.S.

April 22, 2014

DGSE Companies Inc. has named James D. “Dusty” Clem to the positions of chairman, president and CEO, effective immediately.

Dallas - DGSE Companies Inc. has named James D. “Dusty” Clem to the positions of chairman, president and CEO, effective immediately. Clem replaces James Vierling, who has resigned as CEO and as a director of DGSE to accept a position with Elemetal LLC, DGSE’s largest shareholder.

April 22, 2014

The National Retail Federation (NRF) was recognized on Earth Day, April 22, by the U.S. Environmental Protection Agency (EPA) with its 2014 SmartWay Affiliate Challenge award.

Washington, D.C. - The National Retail Federation (NRF) was recognized on Earth Day, April 22, by the U.S. Environmental Protection Agency (EPA) with its 2014 SmartWay Affiliate Challenge award. The EPA recognized NRF for supporting policies and practices that reduce truck emissions and enhance freight efficiency.

The SmartWay Affiliate Challenge is a national challenge developed by the EPA to acknowledge organizations that do an exceptional job supporting the partnership’s freight sustainability goals.

April 22, 2014

IBM said Tuesday that its Watson unit has invested in Fluid, a digital commerce firm, to develop personalized shopping applications using IBM’s cognitive computing tools.

Armonk, N.Y. -- IBM said Tuesday that its Watson unit has invested in Fluid, a digital commerce firm, to develop personalized shopping applications using IBM’s cognitive computing tools.

April 22, 2014

InReality, a customer experience strategy and design firm, is offering a retail customer experience measurement tool called Reality Gap Analysis.

Atlanta - InReality, a customer experience strategy and design firm, is offering a retail customer experience measurement tool called Reality Gap Analysis. Reality Gap Analysis delivers a quantifiable assessment of the gaps between a brand's self-perception and a customer's reality.

April 22, 2014

JLL has announced the closing of the sale of Market Square at Montrose on behalf of LaSalle Investment Management to HP Realty LLC.

Atlanta — JLL has announced the closing of the sale of Market Square at Montrose on behalf of LaSalle Investment Management to HP Realty LLC. Purchased for $32.5 million, the 510,231-sq.-ft. retail center hosts anchors Home Depot, J.C. Penney, Levin Furniture, Dick’s Sporting Goods, Regal Cinemas, Toys “R” Us and Cost Plus World Market.

“Akron and similar cities are back in favor with investors,” commented Kris Cooper, a JLL managing director.

April 22, 2014

McDonald’s Corp. reported net income of $1.2 billion in the first quarter of fiscal 2014, a 5.5% decline from $1.27 billion in the same quarter a year earlier.

Oak Brook, Ill. – McDonald’s Corp. reported net income of $1.2 billion in the first quarter of fiscal 2014, a 5.5% decline from $1.27 billion in the same quarter a year earlier. Total revenues grew 1% to $6.7 billion, from $6.2 billion.

April 22, 2014

Nordstrom plans to open a Nordstrom Rack at University Crossing in Orem, Utah.

Seattle -- Nordstrom plans to open a Nordstrom Rack at University Crossing in Orem, Utah.

The approximately 30,000-sq.-ft. store is scheduled to open in spring 2015. University Crossing is owned and managed by University Crossing Shopping Center.

April 22, 2014

Pier 1 Imports is facing criticism this week for its policies regarding leave for pregnant workers.

San Jose, Calif. -- Pier 1 Imports is facing criticism this week for its policies regarding leave for pregnant workers. Nearly 50,000 people have signed a petition from anti-sexism group UltraViolet to demand Pier 1 stop what the petition says is discrimination against pregnant workers.

April 22, 2014

Rent-A-Center Inc. reported declining net earnings for first quarter 2014, even as revenues slightly grew.

Plano, Texas – Rent-A-Center Inc. reported declining net earnings for first quarter 2014, even as revenues slightly grew. The company said it plans to optimize its U.S. store footprint by consolidating about 150 stores into existing stores by the end of the second quarter of fiscal 2014.

Net earnings fell 37% to $28.9 million from $46.1 million, while total revenues increased 1.8% to $833.7 million from $819.3 million. Same-store sales dropped 0.8%.

April 22, 2014

Nine basic attack patterns that vary from industry to industry are the source of 92% of the 100,000 security incidents analyzed by Verizon since 2004.

New York – Nine basic attack patterns that vary from industry to industry are the source of 92% of the 100,000 security incidents analyzed by Verizon since 2004.

April 22, 2014

RetailMeNot, Inc. has reached a strategic partnership agreement with General Growth Properties Inc. (GGP), a real estate investment trust focused exclusively on owning, managing, leasing and developing retail properties throughout the U.S. RetailMeNot will be the preferred digital coupon provider across GGP malls.

Austin, Texas - RetailMeNot, Inc. has reached a strategic partnership agreement with General Growth Properties Inc. (GGP), a real estate investment trust focused exclusively on owning, managing, leasing and developing retail properties throughout the U.S. RetailMeNot will be the preferred digital coupon provider across GGP malls.

April 22, 2014

First Interstate Properties has named Steiner + Associates as the exclusive retail leasing agent for its 610,000-sq.-ft. mixed-use Legacy Village in Lyndhurst, Ohio.

Columbus, Ohio — First Interstate Properties has named Steiner + Associates as the exclusive retail leasing agent for its 610,000-sq.-ft. mixed-use Legacy Village in Lyndhurst, Ohio.

April 22, 2014

Sunglass Hut has debuted a new retail brand, Shaded, in the form of a freestanding, open-air kiosk.

New York -- Sunglass Hut has debuted a new retail brand, Shaded, in the form of a freestanding, open-air kiosk. Targeted at Millenials, the format puts an emphasis on interactivity, with a built-it photo booth that allows for on-the-spot photo taking and photo sharing. (See photos here.)

April 22, 2014

These days, virtually everyone is a cross-channel shopper: 95% of consumers frequently or occasionally shop a retailer's website and store, according to a recent survey by CFI Group that was sponsored by eBay Enterprise.

Ann Arbor, Mich. -- These days, virtually everyone is a cross-channel shopper: 95% of consumers frequently or occasionally shop a retailer's website and store, according to a recent survey by CFI Group that was sponsored by eBay Enterprise.

The study, “Omni-Channel Insights,” reveals that consumers expect exceptional service, while having the convenience of seamless in-store and online shopping.

April 22, 2014

Tuesday Morning Corp. has named Melissa Phillips as executive VP and general merchandise manager, effective immediately.

Dallas – Tuesday Morning Corp. has named Melissa Phillips as executive VP and general merchandise manager, effective immediately. She brings 15 years of buying and retail experience to Tuesday Morning. Since 2009, she has served as general manager for The Home Decorators Collection (HDC) at The Home Depot.
 

April 22, 2014

Tuesday Morning Corp. and former CEO Kathleen Mason have settled a discrimination lawsuit filed by Mason.

Dallas – Tuesday Morning Corp. and former CEO Kathleen Mason have settled a discrimination lawsuit filed by Mason. In the suit, Mason alleged she was dismissed from her position by Tuesday Morning after disclosing she had breast cancer.

The suit was filed in May 2013 and dismissed on April 17. Terms of the settlement were not disclosed.
 

April 21, 2014

Acme Tools, an authorized online retailer of tools and equipment, is launching a new mobile version of AcmeTools.com for online customers using smartphones.

Grand Forks, N.D. -- Acme Tools, an authorized online retailer of tools and equipment, is launching a new mobile version of AcmeTools.com for online customers using smartphones. Developed by BlueSky Technology Partners, the new mobile platform leverages Acme Tools' ongoing investment in IBM WebSphere Commerce to deliver a seamless online shopping experience.

April 21, 2014

The Realm Salon, an approved Aveda Salon, is opening a new 1,500-sq.-ft. full-service salon in Indian Hills Plaza in Sierra Vista, Ariz.

Sierra Vista, Ariz. — The Realm Salon, an approved Aveda Salon, is opening a new 1,500-sq.-ft. full-service salon in Indian Hills Plaza in Sierra Vista, Ariz. The new salon plans to open by June 1.

First West Properties Corporation represented the tenant in the transaction. Commercial Retail Advisors represented the landlord, Indian Hills Investors.

 

April 21, 2014

Retail leasing specialists R.J. Brunelli & Co. has announced the promotion of Nick DeLuca to sales associate.

Old Bridge, N.J. — Retail leasing specialists R.J. Brunelli & Co. has announced the promotion of Nick DeLuca to sales associate.

April 21, 2014

Giant Wine & Liquor, doing business as Buy Rite Liquor, has leased 6,000 sq. ft. at the 360,000-sq.-ft. Capitol Plaza in Ewing, N.J.

Ewing, N.J. — Giant Wine & Liquor, doing business as Buy Rite Liquor, has leased 6,000 sq. ft. at the 360,000-sq.-ft. Capitol Plaza in Ewing, N.J. Levin Management, the exclusive leasing and managing agent for the center negotiated the long-term lease.