Ollie’s Bargain Outlet raised $143 million in a wildly successful initial public stock offering that positions the company for steady expansion of its 181 unit store base beyond core markets.
Bon-Ton plans to close its Bon-Ton store in the Clearview Mall in Butler, Pennsylvania, and its Elder-Beerman store in the Raleigh Mall in Beckley, West Virginia. The company will not renew these leases, which terminate Jan. 31, 2015.
Loblaw has announced a string of executive moves, including the appointment of Mark Butler as EVP integration, who is charged with integrating the recently acquired Shoppers Drug Mart.
Aaron's, a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, has named David L. Buck as its new COO.