Category Archives: News

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Penney’s to shutter 8 stores, leave Puerto Rico location closed

J.C. Penney will close eight U.S. stores and won’t reopen one of seven stores in Puerto Rico that were closed when Hurricane Maria hit the island last fall. The retailer announced earlier this week that it would shutter a Wisconsin …

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Marriott plans to double footprint in China

Marriott has 300 properties in its China pipeline, adding to the brand’s 300 hotels already operating in the country. Read The Real Deal online story here

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ALDI renovating stores, seeking locations in St. Louis

ALDI is renovating its stores in the St. Louis market and is also seeking expansion locations nearby. Officials in at least two St. Louis suburbs say ALDI has taken an interest in development sites in their areas. Read the St. …

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Macy’s debuts pop-up marketplace concept

Macy’s has created a new in-store pop-up concept called The Market @ Macy’s, to offer brands temporary space on the ground floor to showcase their products. Macy’s employees staff the shops for the brands, which pay a one-time fee and …

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Fast-casual funders back falafel concept’s growth plan

New York-based fast-casual falafel concept Taim is mapping an ambitious expansion plan after taking it slow since its 2005 launch. With the backing of former Chipotle Mexican Grill executives and investors, the concept will add three new units this year. …

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NRF: 2018 retail sales set to rise up to 4.4%

U.S. retail sales are on track to grow between 3.8% and 4.4% this year, as consumers’ wages grow and unemployment remains low, according to an NRF report. Read the CNBC story here

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Pork & Mindy’s maps a nontraditional growth plan

Pork & Mindy’s, a Chicago fast-casual concept co-created three years ago by “Food Network Star” winner Jeff Mauro, has grown to four locations. Now, the company aims to grow with a plan that includes company-owned eateries, food hall counters and …

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Apple Hospitality buys hotels in Atlanta, Memphis

Apple Hospitality REIT continues its pace of acquiring new hotels every few months with two new purchases: the 119-room Hampton Inn & Suites by Hilton Atlanta-Downtown and the 144-room Hampton Inn & Suites by Hilton Memphis-Beale Street. The properties traded …

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Wyndham reportedly selling European vacation-rentals unit in $1B deal

Wyndham Worldwide is in negotiations with Platinum Equity to sell its European vacation-rentals business, which has been valued at $1 billion including debt, says the The Wall Street Journal. The sale fits in with Wyndham’s plans, which it announced in …

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Italy’s Bottega Veneta opens its largest store in the world in N.Y.

Italian luxury brand Bottega Veneta has opened its largest store in the world on New York City’s Madison Avenue, says Women’s Wear Daily. The nearly 15,000-square-foot flagship was created by joining three five-story townhomes, and the offerings include a range …

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