Ikea is submitting plans to Clark County, Nevada, for a Las Vegas-area store that would increase the Swedish retailer’s presence in the western United States. The application marks the beginning of the governmental approval process that could lead to the store’s opening as early as summer 2016.
David Campisi joined Big Lots a little more than a year ago as president and CEO and with sales and profits gathering momentum the nation’s leading off-price retailer has decided to begin paying a hefty dividend.
The bad weather that hurt Bed Bath & Beyond during the fourth quarter may have abated, but the company’s sales still grew at a slower than expected pace during the first quarter and caused profits to come in toward the low end of expectations.
With company representatives, Missouri Secretary of State Jason Kander, St. Louis Mayor Francis Slay, local officials and community leaders on hand, Ikea officially broke ground for its future St. Louis store scheduled to open fall 2015.