Chain Store Age

Sleep Number Corp. has won bankruptcy court approval for the sale of substantially all its assets and ongoing business operations to Sleep Country Canada. The deal, which comes five weeks after the mattress and bedding retailer filed for bankrutpcy, followed a competitive, court-supervised sale process. Expected to close by July 31, the transaction positions Sleep Country and its brands second largest sleep retailer in the world.

Adidas will join the lineup of footwear retailers at Mall of America this fall. (Image courtesy of Mall of America) An apparel and footwear giant is slated to open its first full-price store in Minnesota at North America’s largest shopping and entertainment complex. Adidas is bringing its immersive "brand concept" store format to Mall of America. Opening in October, the 9,161-sq.-ft. location is designed to offer a shopping experience that blends performance, sport culture and personalization.

Mosaic's tenants include Ross Dress for Less, Panda Express, Wingstop, GNC, GameStop and more. (Image courtesy of CBRE) A six-building retail portfolio in downtown Long Beach is changing hands. The 148,405-sq.-ft. Mosaic property collection, which spans multiple city blocks, has been purchased for $30 million ($202 per square feet) by Mosaic Promenade Holdings LLC.

Adidas will join the lineup of footwear retailers at Mall of America this fall. (Image courtesy of Mall of America) An apparel and footwear giant is slated to open a new retail location at North America’s largest shopping and entertainment complex. Adidas will open its first full-price Brand Concept store in Minnesota this October at Mall of America. The 9,161-sq.-ft.

News Briefs JCPenney’s back-to-school deals include low-priced haircuts JCPenney is touting its stores as a value-based, one-stop shopping destination for back to school. The department store retailer’s seasonal offerings include haircuts for students and teachers at JCPenney Salons with prices starting at $12. The promotion runs through Sept.19. (Also through Sept. 19, teachers also can get an extra 10% off on their purchases. ) In other back-to-school deals and kicking off on Aug.

Three types of restaurants cracked OnDeck's list of the top 10 most in-demand local businesses. Car rental services, tailors and gloabl restaurants are among the most in-demand local businesses in the United States. That’s according to a new analysis from small business lender OnDeck Capital, which measured search volume data to compare the number of businesses by type to the number of monthly Google searches for that service, nationwide and in major U.S. cities.

Consumers see value in loyalty programs but may not be takng advantage. Membership in a retail loyalty program is not a guarantee of participation. Close to nine-in-10 (86%) consumers say loyalty is important to them. However, a recent survey of 12,000 retailers and shoppers from personalized promotional app Upside, “Escape from the Loyalty Plateau,” indicates that engagement in loyalty programs is uneven.

The new Event Center at American Dream opened its doors on July 19. (Image courtesy of American Dream) American Dream is adding two new entertainment venues to its roster of amenities. The massive retail and entertainment complex in East Rutherford, N.J., has officially opened its new 60,000-sq.-ft. Event Center, which hosted a private hospitality event for several thousand ticket holders on July 19 prior to the World Cup Final.

Lowe's continues collaborating with Habitat for Humanity. A leading home improvement retailer is helping consumers keep their homes with Habitat for Humanity. Lowe’s Companies Inc. is funding grants supporting more than 200 projects across local 20 affiliates of the non-profit organization Habitat for Humanity International to support home repair and rehab projects.

Jersey Mike's has approximately 3,300 stores across all 50 states and Canada. Jersey Mike’s Subs Inc. is going public amid plans to keep expanding at home as it also grows its brand abroad. The fast-growing sub sandwich restaurant chain has launched an initial public offering  for 43,478,261 shares of its Class A common stock, priced between $21 and $25 each as it aims to raise up to $1.09 billion.