Monday, November 25, 2024
Read the Digital Magazines
Subscribe

Company news

Davids-Bridal
Company newsNewsPennsylvania

David’s Bridal Files for Bankruptcy Protection Ahead of Potential Sale

by Hayden Spiess

Conshohocken, Pa. — David’s Bridal LLC and some of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. Both the brand’s nearly 300 physical stores, as well as its online platforms, will remain open and operational, according to the company. The Conshohocken-based retailer is seeking customary “first-day” relief authorizations from the United States Bankruptcy Court for the District of New Jersey to continue payment of employee wages and benefits, maintain certain customer programs and honor vendor obligations. The company had previously filed for …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsIllinoisNews

Walmart to Close Four Stores in Chicago

by Hayden Spiess

Chicago — Walmart has announced that it will close four stores in Chicago. The company cited a lack of profitability as the reason for the closures, reporting that the locations collectively lose tens of millions of dollars a year. Walmart recently invested $70 million to upgrade the stores and built two new Walmart Health facilities and a Walmart Academy training center. “It was hoped that these investments would help improve our stores’ performance,” said the company. “Unfortunately, these efforts have not materially improved the fundamental business challenges our stores are …

Continue Reading
0 FacebookTwitterLinkedinEmail
Greg-Maloney-Bill-Rose
Company newsNew JerseyNews

Greg Maloney, Bill Rose Join Woodcliff Realty Advisors

by Hayden Spiess

Woodcliff Lake, N.J. — Greg Maloney and Bill Rose have joined New Jersey-based Woodcliff Realty Advisors. Maloney previously served as president and chief executive office of JLL Americas Retail and is currently a retail advisor with GTM Associates LLC. Rose is senior managing director of Marcus & Millichap’s Institutional Property Advisors (IPA). Both will maintain their individual practices, with Maloney assisting Woodcliff clients with foreclosures and receiverships, acquisitions and dispositions, and development strategies for converting retail properties to mixed-use. Rose will assist Woodcliff clients in maximizing value by selling or …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNewsTexas

EoS Fitness Acquires Texans Fit Chain, Including Five Metro Houston Locations

by Hayden Spiess

Dallas — Dallas-based brand EoS Fitness has acquired gym chain Texans Fit, taking over and rebranding five locations in metro Houston. This acquisition marks 75 open gyms for EoS, which opened its first Texas location in Euless in January. Services as the former Texans Fit gyms will continue uninterrupted, and all employees have been offered the option to continue their employment. Another location is scheduled to open in Spring, Texas, later this month.

Continue Reading
0 FacebookTwitterLinkedinEmail
Giant Food
Company newsMarylandNewsRestaurants

Giant Food, Nalley Fresh Open In-Store Restaurant in Metro Baltimore

by Hayden Spiess

Ellicott City, Md. — Giant Food has partnered with Nalley Fresh to open a restaurant within the grocer’s Ellicott City store, roughly 13 miles outside Baltimore. Nalley Fresh offers customizable salads, wraps and bowls. The restaurant marks the tenth location for the restaurant and the first in-store fast-casual partnership for Giant Food, which currently operates 165 stores.

Continue Reading
0 FacebookTwitterLinkedinEmail
Heather-Sharp-Progressive
CaliforniaCompany newsNews

Heather Sharp Joins Progressive Real Estate Partners as Senior Vice President of Retail Sales, Leasing

by Hayden Spiess

Rancho Cucamonga, Calif. — Heather Sharp has joined Progressive Real Estate Partners as senior vice president of retail sales and leasing. Sharp, who brings more than 25 years of experience in real estate, will lead the firm’s expansion into the Coachella Valley while continuing brokerage activities, including the sale and leasing of retail properties. Previously, Sharp was a partner at Wilson Meade Commercial Real Estate in Rancho Mirage. “We have been eager to bring our team-oriented, resource-rich brokerage culture to the Coachella Valley for a few years but were waiting …

Continue Reading
0 FacebookTwitterLinkedinEmail
foot-locker
Company newsNew YorkNews

Foot Locker to Close More Than 400 Stores

by Hayden Spiess

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Jeff-Enck-SRS
Company newsGeorgiaNews

Jeff Enck Joins SRS Real Estate Partners as Senior Vice President

by Hayden Spiess

Atlanta — Jeff Enck has joined SRS Real Estate Partners as senior vice president of the company’s investment properties group. Enck, who brings more than two decades of experience, will lead the establishment of a new service line focused on unanchored shopping centers throughout the Southeast. Kyle Stonis and Pierce Mayson lead the investment properties team in Atlanta. “I’m very excited to be joining a team and firm that are among the very best in retail investment sales,” says Enck. “Combining my unanchored business with the institutional and net leased …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsInvestment salesMaineNews

EarthWise Pet Acquires Loyal Biscuit Business, Retail Properties in Maine

by Hayden Spiess

San Diego — EarthWise Pet has acquired Loyal Biscuit, a pet supply retailer offering healthy food for dogs and cats. The company has six stores operating in Bath, Belfast, Brewer, Rockport, Rockland and Waterville, Maine. A decision has not yet been made on whether the locations will be rebranded with the EarthWise name. San Diego-based EarthWise has over 150 locations open across the U.S.

Continue Reading
0 FacebookTwitterLinkedinEmail
Nerf-Action-Xperience
Company newsEntertainmentLeasingNew JerseyNews

Kingsmen, Good Vibrations to Open Indoor Entertainment Centers Totaling 56,000 Square Feet in Metro New York City

by Hayden Spiess

 Paramus, N.J. — Kingsmen Xperience, a subsidiary of Kingsmen Creatives Ltd., and Good Vibrations will open two branded location-based entertainment (LBE) attractions totaling 56,000 square feet at Westfield Garden State Plaza in Paramus, roughly 25 miles northwest of New York City. Both attractions, Nerf Action Xperience and Planet Playskool, will open later this year and feature immersive activities, retail stores and food and beverage areas. The Nerf attraction will comprise 36,000 square feet, with Planet Playskool occupying 20,000 square feet. These openings mark the beginning of a strategic partnership between …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts