Weekly retail roundup: Toys R Us, Westfield Century City, children’s jewelry, Barnes & Noble
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Toys R Us announced that it would operate 600 temporary stores this holiday season, more than six times last year’s number. So far, 70 of the pop-up shops are planned for California, with more than 40 in the Los Angeles area. The aggressive expansion is a move to gain market share and offer more convenience to busy holiday shoppers, CEO Jerry Storch said.
Westfield Century City launches ‘Dance on the Terrace’ evenings starting Thursday, Sept. 16. The free series features lessons from instructors in salsa, country line, disco, tango and other genres. ‘Dance on the Terrace’ ends Oct. 21.
Cadmium in children’s jewelry is becoming a growing problem for parents and safety officials. Since January, the Consumer Product Safety Commission has targeted more than 200,000 pieces of cheap jewelry from China that were made with cadmium and sold at numerous national retail chains, including Wal-Mart and Claire’s.
Barnes & Noble sent another letter to shareholders Thursday, asking them to not to vote for billionaire investor Ron Burkle’s slate of three directors at the company’s annual meeting later this month. Burkle recently waged a proxy fight against the bookseller after rapidly buying up shares and criticizing the company’s management in recent months.
-- Andrea Chang
