REAL ESTATE

DSW to debut Yellow Box store concept in Miami

BY Marianne Wilson

New York — DSW Inc.’s Affiliated Business Group and Yellow Box Corporation will open the first-ever Yellow Box store on June 20, at The Falls Shopping Center in Miami. The company is planning to open Yellow Box stores throughout the United States, starting off with three to five store openings in 2014.

"We are very excited to debut our first Yellow Box Footwear store in the United States," said Affiliated Business Group’s senior VP and general manager Christopher Lanning. "Yellow Box is a proven women’s footwear brand with a strong positioning in the market place. Customers will have a great opportunity to experience Yellow Box’s unique brand of fun and fashion in an incredible retail setting."

The Yellow Box brand is best known for its jeweled sandals for women and girls. In addition to sandals, the stores will also carry, flats, dress shoes, boots and exclusive products.

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OPERATIONS

Francesca’s names former Dots exec as senior VP, head of stores

BY Marianne Wilson

Houston — Francesca’s Holdings Corp. announced the appointment of R. David Minnix, Jr., as senior VP and head of boutiques, effective July 8.

Minnix brings a wealth of experience having worked in a variety of leading roles driving sales and customer experience at retailers such as Zales, Pearle Vision, After Hours Formalwear, and Dots Fashion. Most recently, he served as chief stores officer at Dots Fashion where he ran all aspects of store & field leadership organization overseeing 3,500 associates, store support, visual, real estate, construction and loss prevention departments.

"As a seasoned store operator, David brings over 30 years of retail experience to francesca’s," said CEO and president Neill Davis. "He will be a great cultural fit because he understands the importance of capturing hearts and minds to motivate our associates and field leadership team. David’s track record in nurturing and leading the sales teams makes him an ideal partner as we continue to refine the in-boutique experience for our customers."

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OPERATIONS

New funding will allow grocery delivery service Instacart to expand to more markets

BY Marianne Wilson

New York — Instacart, the same-day grocery delivery service, has raised $44 million in a funding round led by Andreessen Horowitz.

The San Francisco startup currently operates in San Francisco, San Jose, Los Angeles and seven other U.S. cities. With its new funding, it Instacart expects to expand into 17 cities by the end of 2014.

"We’ve proven out our model in 10 cities across the U.S., and it works,” company founder and CEO Apoorva Mehta Mehta said in a press release. “Instacart’s customer base in every city is growing by double digits monthly, and we’ve developed a great playbook for geographic expansions. This funding will enable us to expand even more quickly and establish a wide, national footprint over the next 18 months.”

The new funding brings Instacart’s total to about $55 million since it was founded in 2012.

“As we think about the future of e-commerce, groceries are among the last huge untapped opportunities. While many have tried to crack the code, few have met with success,” said Jeff Jordan, partner at Andreessen Horowitz. "However, mobile is enabling a new way to tackle digital grocery distribution through an execution that I refer to as ‘People Marketplaces.’ This is Instacart’s approach, and we’re betting it will be the winning play. We are excited to partner with Apoorva and team as they seek to have software eat grocery delivery.”

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