REAL ESTATE

PGA Tour to open first Northeast location

BY Staff Writer

Roswell, Ga. — PGA Tour Superstore announced it will open its first Northeast location, in Paramus, N.J., on Nov. 21. The 57,000 sq.-ft. store will offer a selection of golf merchandise and apparel.

The new PGA will also provide a venue for an estimated 10,000 indoor golf lessons per year. Using state-of-the-art technology in the store’s eight swing simulators, golfers can learn about their golf ball flight, swing speed, launch angle and more in a relaxed, climate-controlled environment. Cutting-edge "virtual reality" experiences will provide golfers with the opportunity to play some of the world’s best courses without ever leaving Paramus. Additionally, golfers will receive a personalized DVD of each lesson to review at home. The store also boasts a 3,000-sq.-ft. putting green for lessons, practice and product demonstrations.

Paramus is PGA Tour Superstore’s fifteenth retail location. The superstores are owned and operated by Golf & Tennis Pro Shop, Inc., whose controlling owner and chairman is Arthur M. Blank, retired Home Depot co-founder and now owner of the Atlanta Falcons.

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OPERATIONS

Report: Wal-Mart files unfair U.S. labor practice charge against union

BY Katherine Boccaccio

Bentonville, Ark. — Wal-Mart Stores Inc. on Thursday filed an unfair labor practice charge against the United Food and Commercial Workers International Union, requesting that the National Labor Relations Board halt alleged unlawful attempts to disrupt Wal-Mart’s business.

Wal-Mart spokesman David Tovar told Reuters that the retailer cannot allow the UFCW to “continue to intentionally seek to create an environment that could directly and adversely impact our customers and associates. If they do, they will be held accountable,” he said.

The move comes week before what is projected to be the largest organized action against Wal-Mart, as a small group of Walmart workers prepare to strike on Black Friday. Numerous other protests and rallies have taken place outside Walmart stores around the country, as workers push for better wages, increased benefits and improved working conditions.

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FINANCE

Hibbett profit, sales rise in Q3; to open 60 stores in 2013

BY Katherine Boccaccio

Birmingham, Ala. — Hibbett Sports reported Friday that net income for the quarter ended Oct. 27 climbed 18.8% to $19 million, compared with $16 million in the year-ago period.

Sales rose 9.6% to $202.9 million, and same-store sales increased 6.4%.

The sporting goods retailer said it is on track to open 57 to 60 new stores in fiscal 2013, expand approximately 17 high-performing stores, and close up to 18 stores.

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