REAL ESTATE

Dick’s Sporting Goods sets openings of two new locations

BY Staff Writer

Pittsburgh — Dick’s Sporting Goods announced the openings of two new stores, one in Kentucky, and its first ever in the state of Wyoming.

The retailer said it will open a store in Casper, Wy., on Oct. 25 at the Eastridge Mall. Also on Oct. 25, Dick’s will open at Gary Farms, Bowling Green, Ky.

The Bowling Green location will be the retailer’s ninth store in the state of Kentucky and its 544th nationwide.

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OPERATIONS

BevMo! taps Safeway exec as chief merchant

BY Staff Writer

New York — Specialty beverage retailer BevMo! Named Douglas J. Ratto as executive VP, chief merchant. Ratto will lead the buying, planning, allocations and distribution teams at BevMo!

Ratto comes to BevMo! with more than 25 years of retail and marketing management experience. Since 2010, Doug served at Safeway as senior VP, GM of alcohol/tobacco, home care/general merchandise & family care.

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FINANCE

Pier 1 announces $200 million share repurchase program

BY Staff Writer

Fort Worth, Texas — Pier 1 Imports announced that its board of directors has authorized a new $200 million share repurchase program.

The new share repurchase program is effective immediately and authorizes the repurchase of up to $200 million of the company’s common stock in open market or private transactions. As of October 17, 2013, Pier I had approximately 103.8 million shares of common stock outstanding.

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