New York -- OfficeMax has become the latest retailer with a smaller-store, urban format either open or in the wings. The retailer will unveil its smaller concept sometime in 2013, according to Crain’s Chicago Business. The new format will range between...

Groupon is ducking for cover, canceling gun deals until it sees how the post-Sandy Hook environment shakes out, according to Crain's Chicago Business. "All scheduled and current gun-related deals featured on Groupon North America, including shooting ranges, conceal-and-carry and clay shooting, have been placed on hiatus while we review internal standards that shape the deal inventory we feature," the company said in a statement Saturday. "The category is under review following recent consumer and merchant feedback."

New York -- Ricky's has named Catherine Moellering, former executive VP at retail consultancy the Tobe Report, as president and CEO, Crain’s New York reported. Todd Kenig, the former CEO who founded the beauty store chain with his brother Ricky, left...

New York -- An affiliate of Manhattan-based real estate company Jemb Realty Corp. has agreed to purchase the leases and certain intellectual assets of Daffy’s Inc. for $43 million, Bloomberg reported. The deal is subject to bankruptcy court approval. Daffy’s filed for Chapter 11 protection listing assets of $60.2 million and debt of $70.5 million as of July 1. The chain operates 19 stores, with the majority in the New York City metro area. A joint venture of Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC will liquidate the chain’s merchandise, "Jemb Realty Corp. is looking forward

New York City -- Wal-Mart Stores will donate as much as $5 million to New York City’s cash-strapped Summer Youth Employment Program, Crain’s New York Business reported. The donation will reportedly save 3,400 jobs. “We've talked a lot about creating jobs here and given our track record of local giving in the city thought this was timely opportunity to help move the needle on a program that's critical to kids and families across the five boroughs,” said a Walmart spokesman, according to the report. He would not confirm the exact amount of the donation. According to Crain’s, the Wal-Mart

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