Retailers are working together to identify, test and scale design solutions to make a more consumer-friendly, sustainable product.
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Retail
Bed Bath taps Oracle to modernize and optimize back-of-house tech systems
the cloud player will provide real-time financial, supply chain and merchandising solutions, replacing the systems the Union-based home goods retailer has used for years and providing the company with new data, insights and planning capabilities.
Read More »Ascena’s new owners in hot water with mall owners
Mall operator Simon Property Group and its associated landlords have filed objections against the Mahwah-based mall retailer's Chapter 11 plan of reorganization after Ascena's purchaser, private equity Sycamore Partners, laid out its intentions to close more stores than originally agreed upon.
Read More »Centenarian jeweler elevates two to SVP, EVP
Anne Russell, the company's former vice president of merchandising, has been appointed as executive vice president of branding and merchandising; and Donna Bouchard, the company's former vice president of advertising and community relations, has been appointed as senior vice president of specialty business.
Read More »Building Momentum
Few industries have seen greater pandemic-fueled disruption than the retail, restaurant and entertainment sectors, which struggled over the past year as the business of selling goods, services and experiences change swiftly and markedly. Yet amid the resulting challenges, there are signs of improvement and tangible progress. Leasing activity is picking up, and so – in turn – is construction. In fact, according to Levin Management Corp. CEO Matthew K. Harding and Maxim Gagneron, the company’s vice president of construction and development, construction activity throughout the commercial real estate services firm’s shopping center portfolio is back to pre-pandemic levels. In the following exchange, Harding and Gagneron weigh in on the North Plainfield-based company’s current activity, and the role construction plays in retail dealmaking and a property’s competitive positioning today and moving forward.
Read More »Boll & Branch hires Ralph Lauren vet as CMO
Jonathan Bottomley will focus on values and revenue for the Summit-based Luxury linens company.
Read More »iAnthus closes $11M bridge note financing to build out NJ facilities
Associated facilities include the cultivation and manufacturing building currently under construction in Pleasantville and the current dispensary located in Atlantic City, as well as two prospective satellite dispensaries expected to be leased or purchased and improved.
Read More »Bed Bath completes $225M accelerated share repurchase program, extends second one
Approximately 11 million shares of Bed Bath & Beyond common stock were repurchased at an average price of approximately $20.77 under the agreement.
Read More »Toys R Us comeback no longer as two US stores shutter
The Houston store in the Galleria Mall closed on Jan. 15. The Paramus store in the Garden State Plaza closed on Jan. 26.
Read More »Children’s Place CFO to retire, Helm to become CFO in April
Robert Helm, senior vice president of finance and inventory management has been appointed chief financial officer; CFO Michael Scarpa will retire effective March 31.
Read More »Fair distribution
Community solar programs in New Jersey allow both renters and homeowners to take part in supporting renewable energy without purchasing or installing solar panels on their property. Instead, subscribers can claim a portion of a large solar development near them. The customer receives community solar credits for the clean energy that is produced by their portion of the solar project and these credits reduce the customer’s monthly electricity bill. Then, the customer pays the community solar project for these credits but at a 10% discount, guaranteeing savings every month.
Read More »Suite spot
The office market was hit hard by the COVID-19 pandemic as executive orders forced companies to shut physical facilities. Landlords also incurred extra costs in preparing to reopen, installing new systems or implementing new protocols to ensure the health and safety of employees and occupiers.
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