H&M Group to Open 400 Stores
January 29, 2015 The H&M Group plans a net addition of approximately 400 new stores for the financial year 2014/2015.
Albertsons, Safeway Receive Clearance for Proposed Merger
January 29, 2015 Boise, Idaho-based AB Acquisition LLC (Albertsons) and Pleasanton, Calif.-based Safeway Inc. have received clearance from the U.S. Federal Trade Commission (FTC) for the companies’ proposed merger, which was announced March 6, 2014.
Lowe’s Canada Continues Expansion
January 29, 2015 Lowe’s Canada recently announced plans to open 25 new stores in Canada over the next three years to further expand its presence in the market.
IKEA Continues U.S. Expansion
January 28, 2015 Deft, Netherlands-based IKEA continues to expand in the United States with plans to open a new store in Columbus, Ohio.
NRF: Valentine’s Day Spending to Reach Record $18.9 Billion
January 28, 2015 According to the National Retail Federation’s Valentine’s Day Consumer Spending Survey, conducted by Prosper Insights and Analytics, the average person celebrating Valentine’s Day will spend $142.31 on candy, flowers, apparel and more, up from $133.91 last year.
Saks Fifth Avenue OFF 5TH to Open Minneapolis Store
January 28, 2015 Shorenstein Properties LLC and Saks Fifth Avenue OFF 5TH recently announced that Saks Fifth Avenue OFF 5TH has signed a lease for 40,321 sq. ft. in the retail portion of Minneapolis City Center, continuing the fashion retailer’s 25-year presence in downtown Minneapolis.
RDI Names 2014 Store of the Year
January 27, 2015 The Retail Design Institute (RDI) recently named its annual Store of the Year and recognized more than 45 retail design projects in 20-plus retail formats for excellence in design and execution.
Visual Graphic Systems Expands West Coast Presence
January 26, 2015 Carlstadt, N.J.-based Visual Graphic Systems (VGS) recently announced the expansion of their West Coast presence with the appointment of Russ Cooley as director of experiential design and branding.