REAL ESTATE

Corner Bakery signs deals for 61 new locations

BY Marianne Wilson

Dallas — Corner Bakery Cafe announced that it is entering the Oklahoma and Massachusetts markets, as well as three new markets in Florida and California as part of five multi-unit restaurant franchise agreements.

The agreements represent nine new restaurants in San Diego, seven in Oklahoma, 14 in Tampa, 10 in Northeast Florida and 21 in Boston. The first cafes in each market are expected to open next year.

Overall, the agreements add 61 new cafes, raising the total to almost 300 committed cafes, as the company moves forward on its goal to more than double its U.S. footprint in the next three to four years.

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OPERATIONS

Dover Saddlery makes exec appointment

BY Staff Writer

Littleton, Mass. — Dover Saddlery, a multichannel retailer of equestrian products, announced the hiring of James Cullen to the newly created position of executive VP.

Cullen has over twenty five years of leadership experience in operations, finance and marketing, with particular expertise in the retail and distribution sectors including most recently, among others, Bakers Footwear Inc., and Reeds Jeweler, Inc.

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News

Tuesday Morning exits digital arena

BY CSA STAFF

As discount retailers such as TJ Maxx and Saks Off Fifth get comfortable in e-commerce territory, closeout retailer Tuesday Morning is bowing out of the digital space, according to reports.

The retailer shut down its e-commerce business so it could focus on its more than 800 brick-and-mortar stores, according to an article in Highlands Today. At first glance, the move may seem like a step backward, especially when one considers how H&M recently took the e-commerce plunge in the U.S. and discount retailer TJ Maxx is getting ready to give online business a second go.

But some experts, said the Highlands Today report, don’t think Tuesday Morning has made a bad call.

Closeout retailers like Tuesday Morning face challenges that larger retailers don’t, namely, ever-changing inventory that moves off shelves far too fast for these retailers to keep their e-commerce sites updated. Software has come a long way, which is why it makes sense for Saks Off Fifth to delve into the world of e-commerce.However, rather than end up with unhappy consumers and lost revenue — the issues which took TJ Maxx out of its initial foray into the digital arena in 2005 — Tuesday Morning is pointing to the fact that it made 99% of its revenue in its physical stores and is therefore going to stick to doing what it does best.

Click here to read the entire Highlands Today report.

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