News of the Day

Reaches agreement to launch FAO Schwarz toy shops in 685 locations

Macy's Inc. (Cincinnati) has signed an agreement with FAO Schwarz Inc. (New York) to open branded specialty toy shops in about 685 Macy's locations over the next two years. By this fall, Macy’s will launch 75 of the FAO Schwarz shops, b . . . » MORE

Lord & Taylor & Sarabeth’s

Retailer to introduce trendy Manhattan eatery into its stores

Lord & Taylor LLC (New York) has entered into an agreement with Sbk Preserves Inc. (Bronx, N.Y.) to convert all restaurants at its stores to Sarabeth's Kitchen restaurants. The first will open in the fall in the New York flagship. Sarabeth&rs . . . » MORE

We Don’t Allow No Superstores Here

Dublin, Calif., council bans stores larger than 170,000 square feet

The city council of Dublin, Calif., has voted to ban retail establishments larger than 170,000 square feet that devote more than 10 percent of floor space to nontaxable grocery items. Membership stores, such as Costco, are exempt. According to the Co . . . » MORE

Tesco Buys South Korean Discount Chain

Purchase is U.K. company’s largest acquisition

British retailer Tesco announced the company is buying South Korean discount chain Homever from Korean fashion retailer E-Land Group, according to an article in the Wall Street Journal. The article states that Tesco will pay $902 million for the comp . . . » MORE

Children's Place Exploring Sale

Company may go to former ceo

Children’s Place announced that the company’s board has granted a request from Ezra Dabah, the company's largest shareholder and former ceo, and Golden Gate Private Equity Inc. for approval under Delaware law to help them work togethe . . . » MORE

Express Sues Wal-Mart Over Slogan

Says discounter’s slogan infringes on trademark

Express, the New York-based specialty store chain, is suing Wal-Mart Stores Inc. for trademark infringement and unfair competition for its “Express for Less” ad campaign. A complaint filed in Manhattan federal court Monday states Wal-Mart . . . » MORE

Under Armour Opens Second Store

Performance apparel retailer coming to Aurora, Ill.

Under Armour Inc. (Baltimore) unveils a new 6000-square-foot store in the Fox Valley Mall in Aurora, Ill., tomorrow. The opening follows the November 2007 debut of the company’s first full-line retail store in Annapolis, Md. "Our retail st . . . » MORE

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