Nearly two months after opening up a specialty retail location in New York’s SoHo neighborhood, Under Armour has confirmed that it plans to open in March 2015 its latest Brand House at 600 North Michigan Ave. in Chicago’s Magnificent Mile.
New Albertson’s has acquired five Dominick’s locations and appointed Shane Sampson, currently president of the company’s Boston-based Shaw’s division, as president of the Jewel-Osco division based in Chicago.
Supervalu reported net earnings of $31 million during the third quarter of fiscal 2014, almost double the net earnings of $16 million reported in the same quarter of the prior fiscal year. This dramatic increase came even as net sales slipped 1% to $4.1 billion from $4.5 billion.
Kraft Foods Group has selected Becknell Industrial to develop and build a new warehouse to support its existing facility in Champaign, Ill. The 730,000-sq.-ft. warehouse will be located on a 35-acre parcel adjacent to its manufacturing site, which is Kraft's largest production facility in North America.
Supervalu’s renewed focus on driving sales and cash in all segments of its business seem to be paying off. The company has been working toward turning identical sales positive and posted net sales of $3.95 billion for the second quarter ended Sept. 7, up 0.2% from $3.94 billion for the prior-year quarter.
OfficeMax is taking its new Business Solutions Center store concept to Chicago’s business-rich Streeterville neighborhood later this summer. The retailer opened its first center in Milwaukee back in April to test the pilot concept.
The world of e-commerce is gearing up for the 9th annual Internet Retailer Conference and Exhibition, which will be held at Chicago’s McCormick Place West from June 4-7. This year's theme is "Breaking Barriers."
Supervalu's Jewel-Osco banner will celebrate Hispanic Heritage Month with its 5th Annual “Sabor de la Herencia Hispana” signature VIP reception on Sept. 27 at the National Museum of Mexican Art, the retailer announced Monday.
Jewel-Osco on Friday announced that the company is observing Hunger Action Month this September with an aggressive campaign to raise food and funds for food banks and food pantries in the retailer's service area.
Private equity firm Sycamore Partners, which has wrapped up its $391 million acquisition of The Talbots, appointed Michael Archbold, formerly president and COO of Vitamin Shoppe, as CEO and CFO of Talbots.
Illinois House leaders have agreed to pass tax breaks in order to keep Sears Holdings Corp. from abandoning its Hoffman Estates, Ill., headquarters in search of a new out-of-state home, according to Reuters.