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Retail

Toys R Us appoints CEO, hires president

According to the announcement, Antonio Urcelay has been named chief executive officer, effective immediately. He had served as interim chief executive since May 2013. In addition, Hank Mullany has been named president, and will officially assume the role Nov. 5.Urcelay, 61 years old, began working at the company in 1996. Recently, as interim chief executive, ...

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Rowan cuts ribbon on 35 million mixed-use Enterprise Center

Part of the ongoing $300 million Rowan Boulevard Project, the five-floor building features classrooms, a 1,194-space parking garage and 9,600 square feet of ground-floor retail space. It is situated between a recently opened Marriott Courtyard hotel and the school’s Barnes & Noble Collegiate Superstore, which opened in 2011. According to Gloucester County freeholder Heather Simmons, ...

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Vitamin Shoppe opens new distribution center

According to the announcement, the new center is shipping inventory to 56 Vitamin Shoppe stores located in Texas, Oklahoma, New Mexico and Louisiana. The location, built to the company’s specifications, includes state-of-the art conveyor and picking and packing systems to move goods and orders throughout the facility.

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Bai Brands moves into Chicago

To support its expansion, Bai Brands said it recently opened a corporate office and warehouse facility in Corona, Calif., to build its coast-to-coast presence. The 27,000-square-foot warehouse will streamline West Coast operations. More retail news >

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Campbell names Asia Pacific president

Subaşı will be responsible for Campbell’s Australian, Southeast Asian and Pacific operations, including Arnott’s biscuits and Campbell’s soup, stock and beverages. According to the announcement, Subaşı will be based at Campbell Arnott’s regional headquarters in Sydney. His appointment is effective Nov. 1. Subaşı has more than 20 years of experience in the global fast-moving consumer ...

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Grocers shopping for retail space in N.J.

“We’re seeing a competitive atmosphere as the supermarket companies are looking to find locations,” Lanyard said. “We’re in negotiations with several grocers as they’re looking to expand their footprints from smaller locations or find new locations.” Store closing in recent years have created vacancies that open the door for other supermarkets, he said, enabling Fairway, ...

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Following price increase, Sealed Air declares dividend

The company announced on Tuesday a North American price increase between 4 and 9 percent for most of its food and product care items, according to an earlier release. The company blamed the increase on rises in prices charged by petrochemical suppliers in the North American market, which provide the company with the raw materials ...

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Heartland Payments invests $20M in next-generation commerce company

David Gilbert, president of Heartland’s hospitality group, said the company believes Leaf’s technology is fast adapting to the array of mobile devices through which consumers are increasingly doing business. “We’re at a tipping point in terms of convergence of technologies,” Gilbert said. “People are carrying around sophisticated devices in their pockets with amazing capabilities to ...

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Burlington Stores Inc. closes 260M IPO

The offering pricing was first announced last week. According to the announcement, the Company’s common stock began trading on the New York Stock Exchange under the symbol BURL on October 2, 2013. J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Goldman, Sachs & Co., and Wells Fargo Securities acted as joint book-running managers for the offering. ...

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BG Foods acquires Rickland Orchards for 57.5M

According to the announcement, the acquisition of Rickland Orchards, whose products include Greek yogurt coated granola bars and bites, is the fourth acquisition by B&G Foods since October 2012. Jason Cohen, the founder and chief executive officer of Rickland Orchards, is joining B&G Foods as executive vice president of club channel. In this capacity, Mr. ...

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Comic Con connection is serious business for startup

With that, Hazarai For All Fankind was born. Griggis, the CEO and a self-confessed geek, believes the culture — defined by avid interest in comic books, action figures and video games — lacks a centralized online destination where users can buy and sell merchandise, or simply share common passions. Griggs said comic book conventions are ...

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