Industry News

Azrieli Group Ltd. is taking another step towards expanding its activity in the digital arena. The group today launched the Azrieli app, in which the group says it invested NIS 2 million. The app is designed first and foremost as a tool for increasing customer loyalty and movement of customers in Azrieli shopping malls in order to distinguish the Azrieli brand name and gain an advantage over Melisron Ltd. and..."/>
Azrieli launches shopping mall app in Israel [Globes, Tel Aviv, Israel]
Walt Disney Co., is likely to quit the studio in January, according to two people familiar with the development. Kapur has headed the Indian arm of the American conglomerate that currently operates Disney and UTV Motion Pictures as well as a network of television channels since 2014.. Kapur, 42, joined UTV in 2005, took over as chief executive officer of UTV Motion Pictures in 2008 and after the integration of UTV with..."/>
Siddharth Roy Kapur likely to quit Disney [Mint, New Delhi]
FirstCry in talks to raise $75 million [Mint, New Delhi]
Alibaba Group Holding Ltd firms up plans to enter India either independently or through an acquisition, three people close to the development said. One97 has already created a new entity called Paytm E-Commerce Pvt. Ltd, to which it will transfer the online retail business of the payments and e-commerce platform."/>
Paytm parent to spin off e-commerce business [Mint, New Delhi]
Reliance Capital Ltd on Tuesday said it has inducted Anmol Ambani, the eldest son of Anil Ambani, the promoter of the group, as an additional director. Reliance Capital said the induction was based on the recommendation by the nomination and compensation committee of the company's board, which largely comprised independent directors. Anmol Ambani, 24, is the elder of two siblings, and has been working in various financial services..."/>
BRIEF: Anil Ambani's elder son Anmol joins Reliance Capital board [Mint, New Delhi]
Welspun India Ltd's cotton certification records following Target Corp.' s decision to snap ties with the Indian textile maker. Welspun stock plunged 20% for a second successive day to close at Rs.65.85 at Tuesday's close, the lowest in 15 years, the two-day rout wiping Rs.3, 717.48 crore off its market value. American retailer Target, Welspun's second largest customer, said it is..."/>
Wal-Mart to review Welspun's cotton certification records [Mint, New Delhi]
Under Armour CEO Kevin Plank's Sagamore Development Co. has asked the city to float for the development's..."/>
Advocates, council members demand affordable housing requirement at Port Covington [The Baltimore Sun]
Best Buy Co.' s shares soared nearly 20 percent on Tuesday-- its biggest one-day gain in more than a decade-- after reporting a surprising uptick in quarterly comparable sales when investors were expecting a slight drop. "Best Buy continues to defy the skeptics," David Magee, an analyst with SunTrust Robinson Humphrey, wrote in a research report."/>
Best Buy stock sees best one-day gain in a decade [Star Tribune (Minneapolis)]
Target Corp. execs sure talked about the environment a lot on last week's quarterly earnings call. They explained that Target has been operating in a "promotional" environment, an "increasingly competitive" environment and a "challenging" environment. So it's no wonder the company reported a decline in comparable-store sales as customer traffic slid 2.2 percent."/>
Star Tribune (Minneapolis) Lee Schafer column [Star Tribune (Minneapolis)]
Ruby Tuesday restaurant chain has closed its only Toledo-area restaurant as part of a corporate downsizing to cut poor-performing stores. The Toledo restaurant, at 2915 Glendale Ave., closed more than a week ago, just after Maryville, Tenn.-based Ruby Tuesday Inc. said in its quarterly financial report that it planned to close about 95 restaurants by September. The chain had operated two area restaurants-- one at Franklin Park Mall that closed in 2009, and the Glendale..."/>
BRIEF: Last Ruby Tuesday restaurant in Toledo closes [The Blade, Toledo, Ohio]
Dick's Sporting Goods and Field& Stream are set to open under one roof Friday, just north of Interstate 64 off Battlefield Boulevard."/>
Chesapeake grand opening of Dick's Sporting Goods to feature Frank Beamer, "Swamp People" stars [The Virginian-Pilot]
Nordstrom is expanding its in-store boutique Space, the year-old brainchild of fashion commerce star Olivia Kim, to four more locations in Los Angeles, Nashville and Toronto. The boutique, which features emerging designers including Acme Studios, Simone Rocha and Vetements, is part of Nordstrom's effort to entice fashion-forward buyers. At a time when department-store sales are sinking, Nordstrom is trying to sharpen its edge as a purveyor of exciting new fashions by..."/>
Nordstrom expanding in-store boutique Space to more locations [The Seattle Times]
SolarCity will lay off 108 employees from two California offices, as the company struggles with costs and prepares for a takeover from Tesla Motors. The company will cut 80 employees from its San Mateo headquarters and another 28 from its San Francisco facility. The layoffs are expected to begin Oct. 19, according to a filing with the state."/>
SolarCity to lay off 108 workers in San Mateo, San Francisco [East Bay Times]
Stein Mart on Sept. 16."/>
Walnut Creek: Orchards Safeway set to open Sept. 18 [East Bay Times]
Harley-Davidson unveiled its first new motorcycle engine in over 15 years, a completely new, single cam engine to replace the Twin Cam engine that debuted in 1999.. It was time for an update. Harley-Davidson's engineering and marketing teams heard from nearly 1,000 riders and expected buyers from around the world on their wish list for the next generation Harley engine."/>
Harley-Davidson unleashes more powerful and efficient Milwaukee-Eight engine [Chicago Tribune]
Apple Store is no longer the Apple Store. It now is just Apple, as in Apple Orland Square Mall or Apple Lincoln Park. This is subtle, but in no way trivial."/>
Chicago Tribune Phil Rosenthal column [Chicago Tribune]
Ruby Tuesday that we first told you about Aug. 12 does not include any Dayton-area locations, according to documents obtained today by this news outlet. >>RELATED: Ruby Tuesday to close 95 restaurants. Ruby Tuesday announced plans Aug. 11 to shut down 95 underperforming restaurants-- more than 13 percent of its total-- by September as part of the chain's turnaround efforts, but did not at that time identify which restaurants would be..."/>
BRIEF: Ruby Tuesday restaurant closings won't affect Dayton this time [Dayton Daily News, Ohio]

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