Company news

Company newsNewsRetailersRhode Island

CVS to Hire 15,000 Employees in Anticipation of Greater COVID-19, Flu Cases

by Alex Tostado

Woonsocket, R.I. — CVS (NYSE: CVS) intends to hire 15,000 new employees during the fourth quarter in anticipation of communities seeing greater incidences of COVID-19 and the flu during the upcoming winter months. More than 10,000 of these positions are for full- and part-time licensed pharmacy technicians, some of which will be offered on temporary bases with the possibility of becoming permanent. Woonsocket, Rhode Island-based CVS is also recruiting qualified candidates to work as pharmacists, nurses, nurse practitioners, physician assistants, member benefit case professionals and distribution center employees. Lastly, the …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsNews

Design Firm RDC Opens San Diego Office, Names Sean Slater as Principal-in-Charge

by Alex Tostado

San Diego — Design firm RDC has opened an office in downtown San Diego. Long Beach, California-based RDC has named Sean Slater as principal-in-charge at the new office, which is located at 101 W. Broadway. “We are enthusiastic about San Diego, with its natural assets, human capital, and disposition toward continuing to evolve as a world leader in livable cities,” says Slater. “Currently, our firm’s San Diego portfolio would rank the new RDC office as among the largest design firms in the city.” RDC’s San Diego-area portfolio includes Horton, a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNewsRetailersTexas

Sport Clips Company-Owned, Franchisees Locations Weather Pandemic, Reopen 98 Percent of Locations

by Alex Tostado

Georgetown, Texas — Sport Clips Haircuts has reopened 98 percent of its more than 1,800 locations in the U.S. and Canada, the Georgetown-based company reports. At the onset of the pandemic, Sport Clips sent out a letter to landlords saying it would waive franchise agreement fees for franchisees in an attempt to make paying rent more feasible. By paying more than $300,000 in rent for 69 company-owned locations in Texas, Arkansas, Nevada and Oklahoma, Sport Clips was able to prioritize tools and resources for franchisees. “Few times does a company get the opportunity to truly …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNewsRestaurantsTennessee

Ruby Tuesday Files for Chapter 11 Bankruptcy Protection, Closes 185 Restaurants

by Alex Tostado

Maryville, Tenn. — Ruby Tuesday Inc. has filed for Chapter 11 bankruptcy protection with plans to permanently close 185 restaurants that were shuttered during the COVID-19 pandemic. The company’s 236 open locations will remain operational throughout the reorganization process.  The Maryville, Tennessee-based chain is the latest restaurant group to fall victim to the economic pressures caused by the coronavirus pandemic. California Pizza Kitchen filed for Chapter 11 protection in July citing similar struggles.  “This announcement does not mean ‘Goodbye, Ruby Tuesday’ — this is ‘Hello, to a stronger Ruby Tuesday’,” …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsDevelopmentNewsRetailersTennessee

Dollar General to Launch New Retail Concept Targeting Wealthier Shoppers, Nashville to House First Stores

by Alex Tostado

Goodlettsville, Tenn. — Dollar General will launch popshelf, a new shopping concept that will offer seasonal and home décor, health and beauty must-haves, home cleaning supplies, party goods and entertaining needs. The Goodlettsville-based retailer says 95 percent of the items will be priced at $5 or less. Each popshelf location will average 9,000 square feet and will house up to 15 employees. The first two locations will open near Nashville this fall with the company expecting to open another 30 locations by the end of fiscal year 2021, which will …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsMichiganNewsRestaurants

Quarterly Same-Store Sales Rise 17.5 Percent for Domino’s

by Alex Tostado

Ann Arbor, Mich. — Domino’s Pizza Inc. reported that its U.S. same-store sales grew 17.5 percent in the third quarter compared with the same period last year. The Ann Arbor-based pizza chain says it was positively impacted by customers ordering more takeout during the COVID-19 pandemic. Global retail sales increased by 14.4 percent in the third quarter to more than $3.7 billion. Revenues increased $146.9 million or 17.9 percent, while net income increased $12.8 million or 14.8 percent. As of Oct. 5, Domino’s estimates that fewer than 300 international stores …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsEntertainmentNewsTennessee

Regal Cinemas to Temporarily Suspend All U.S. Theater Operations Beginning Oct. 8

by Alex Tostado

Knoxville, Tenn. — Regal Cinemas will temporarily suspend operations at all of its 536 U.S. theaters beginning Thursday, Oct. 8. British owner-operator Cineworld owns Knoxville, Tennessee-based Regal Cinemas, which has about 7,000 screens across its U.S. portfolio of theaters. Cineworld also announced plans to close all of its theaters in the United Kingdom this week. The closures will impact about 40,000 employees, according to Cineworld. “This is not a decision we made lightly, and we did everything in our power to support a safe and sustainable reopening in the United …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsDevelopmentNewsPennsylvaniaRetailersVermont

Heidenberg Properties Group Redevelops Two Retail Properties in Pennsylvania, Vermont

by Alex Tostado

Hummelstown, Pa. and Berlin Vt. — Heidenberg Properties Group is redeveloping two retail properties in the midst of the coronavirus pandemic. The Closter, New Jersey-based owner and developer is working to redevelop Hershey Square Shopping Center in Hummelstown and Berlin Mall in Berlin. Anchor tenant Kmart vacated 107,000 square feet within Hershey Square in March 2019. Heidenberg Properties has been underway leasing the space with 10-year leases to multiple tenants, including Planet Fitness, TJ Maxx, Big Lots and Five Below. Additionally, Chipotle Mexican Grill will occupy space at a new …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaCompany newsEntertainmentNews

Media Reports: Disney to Lay off 28,000 Employees at Theme Parks in California, Florida

by Alex Tostado

Burbank, Calif. — The Walt Disney Co. will lay off 28,000 employees who were previously furloughed due to the coronavirus pandemic, according to multiple media reports. Disney World in Orlando, Fla., and Disneyland in Anaheim, Calif., both closed in mid-March due to the COVID-19 outbreak. Disney’s chief financial officer Christine McCarthy said in May that for every two weeks the parks were closed, the company lost $500 million. Disney World reopened in July with limited capacity, but Disneyland remains closed under California guidelines. A timeline for reopening has not been established. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNewsOregonRetailers

Nike’s Online Sales Jump 82 Percent Resulting in $10.6B in Quarterly Revenue

by Alex Tostado

Beaverton, Ore. — Nike Inc. (NYSE: NKE), the Beaverton-based footwear giant, has reported its revenues were $10.6 billion for its 2021 fiscal first quarter, which ended Aug. 31. The revenue represents a decrease of 1 percent from the same period in 2019, with its direct sales at $3.7 billion, up 12 percent, and Nike Brand digital sales swelling by 82 percent. The digital sales growth resulted from e-commerce increases across North America, Greater China, Asia Pacific, Latin America, Europe, the Middle East and Africa. According to the company, its first-quarter …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts