Retail

Destination Maternity considers sale

Destination Maternity is considering a possible sale or merger after reporting a decline in sales for its second quarter. The Moorestown clothing retailer is also considering the pursuit of “value-enhancing initiatives” should it remain a standalone company, or capital structure optimization that could include financing or the sale of certain assets. “While we continue to ...

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Burlington Stores’ CFO retires; interim named

Burlington Stores on Monday said Marc Katz resigned as the company’s Chief Financial Officer/Principal, effective immediately. John Crimmins, executive vice president, finance and chief accounting officer has been appointed interim Chief Financial Officer. Katz had been CFO of the off-price retailer since January 2015, and has been with the company since July 2008. “On behalf ...

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Party City to open in Rockaway Townsquare

Party City will open its newest location in Rockaway Townsquare, just three miles from the company’s headquarters. The party retailer is the largest vertically integrated supplier of decorated party goods globally, according to a release. Rockaway Townsquare is currently undergoing a renovation scheduled for completion this fall. The Simon property will feature contemporary furnishings, newly installed ...

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Subaru sells 10 millionth vehicle in US

When Dr. Craig Harmon of Salt Late City bought his daughter Rachel a 2019 Subaru Impreza, a surprise celebration with the retailer’s owner, staff, and corporate representatives followed: this was the company’s 10 millionth U.S. sale. Harmon purchased the vehicle at Nate Wade Subaru, the oldest Subaru retailer in the country. He’s a Subaru faithful: ...

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Toys R Us vet Uitdenhowen in as president of Toy Retail Showrooms, which manages US Toys R Us stores

Toy Retail Showrooms, LLC, the new joint venture between Tru Kids Brands and software-powered experiential retailer b8ta that operates and manages the Toys R Us stores in the United States, has tapped retail vet Jamie Uitdenhowen as president. Uitdenhowen will oversee day-to-day operations, new experiential store development, and vendor partnerships in his new role leading up to Toys R ...

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