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South Coast Plaza Announces a Bright Lineup of Fresh Retail and Culinary Concepts Along With West Coast Exclusives
COSTA MESA, Calif.--(BUSINESS WIRE)--It’s a season of renewal at South Coast Plaza as the luxury shopping center announces exciting West Coast exclusives, new culinary destinations and an exceptional lineup of fresh retail concepts set to land at the shopping center. South Coast Plaza, which debuted nearly 40 boutiques last year, is on track to outpace that number this year with a glittering roster of both new concepts and newly re-imagined stores. "This spring is an exciting time of growth at...
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CBL Properties Announces a $25 Million Stock Repurchase Plan
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that its Board of Directors authorized a stock repurchase program for the Company to buy up to $25 million of its common stock. “The $25 million repurchase program allows us to allocate our capital to capture an attractive investment opportunity when our stock is trading at a significant discount,” said Stephen Lebovitz, chief executive officer. “This action, as well as the special dividend paid in March and attracti...
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Savers Value Village, Inc. Reports First Quarter Financial Results
BELLEVUE, Wash.--(BUSINESS WIRE)--Savers Value Village, Inc. (NYSE: SVV), (the “Company”) today announced financial results for the thirteen weeks ended March 29, 2025 (the “first quarter”). Highlights for the First Quarter; Comparisons are to the Thirteen Weeks Ended March 30, 2024 Total Company net sales increased 4.5% to $370.1 million; constant-currency net sales1 increased 7.1%; and comparable store sales increased 2.8%. For the United States (“U.S.”), net sales increased 9.4% and comparab...
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CBL Properties Declares Second Quarter Regular Cash Dividend
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a regular cash dividend of $0.40 per common share for the quarter ending June 30, 2025. The dividend is payable on June 30, 2025, to shareholders of record as of June 13, 2025. In addition to the regular common dividend, which equates to an annual dividend payment of $1.60 per common share, CBL previously paid a special cash dividend of $0.80 per share on March 31, 2025. About...
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Alegria™ Offers Modern Style and Unmatched Comfort for Medical Professionals
ONTARIO, Calif.--(BUSINESS WIRE)--In celebration of Nurses’ Week, Alegria™, a leading California-based women’s comfort footwear brand, is recognizing the dedication of medical professionals. Known for crafting high-quality shoes, some of which are American Podiatric Medical Association (APMA) Accepted, that unite style, durability and unparalleled comfort, Alegria addresses the challenges of long shifts by providing dependable footwear. This year, Alegria proudly announces Liquid Shell™ technol...
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True Classic Secures Strategic Investment from 1686 Partners, Accelerating Global Expansion and Category Growth
LOS ANGELES--(BUSINESS WIRE)--True Classic, the apparel brand transforming everyday basics into better-fitting, better-feeling essentials, announced today a growth investment from 1686 Partners, the Luxembourg-based firm known for backing purpose-driven lifestyle brands. The investment marks the company’s first institutional funding round. This milestone positions True Classic to accelerate its evolution from a breakout menswear success into a global, omnichannel brand serving the entire family...
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Kohl's Announces CEO Transition Process
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl’s Corporation ("Kohl’s" or the "Company") (NYSE: KSS) today announced that the Kohl’s Board of Directors (the “Board”) has appointed Michael Bender as Interim Chief Executive Officer (CEO), effective immediately. Mr. Bender has served as a Director of the Board since July 2019 and was appointed Board Chair in May 2024. Mr. Bender’s appointment follows the Board’s decision to terminate Ashley Buchanan for cause. An investigation conducted by outside c...
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MRCA Acquires Three Consumer Brands; Forms New Consumer Product Manufacturing Division
EL PASO, Texas--(BUSINESS WIRE)--US Manufacturing roll-up creates consumer unit, acquires DTC businesses, names new head...
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Your Loyalty Program Is Your Insurance Policy: Redeeming Loyalty Program Members Are 4X More Likely to Repeat Purchase When Consumer Confidence Slumps
LONDON--(BUSINESS WIRE)--LoyaltyLion data shows redeeming loyalty members are 4x more likely to repurchase when confidence drops, helping brands stay resilient....
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MGP Ingredients Reports First Quarter 2025 Results
ATCHISON, Kan.--(BUSINESS WIRE)--MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, today reported results for the first quarter ended March 31, 2025. “We are pleased with first quarter results that keep us on track to meet our full-year guidance. While elevated industry-wide barrel whiskey inventories and a cautious consumer environment remain as headwinds, we saw signs of positive progress across all three of our business s...