Welcome to Business Den’s coverage of the retail industry in Denver. From new store openings to industry mergers and acquisitions, our coverage is comprehensive and up-to-date. We also delve into the challenges facing the industry, such as shifting consumer preferences and the impact of e-commerce on brick-and-mortar retailers.
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Crocs CEO Andrew Rees was given 108,510 shares worth about $7 million while chief financial officer Anne Mehlman and chief legal and risk officer Daniel Hart received incentive packages worth $3 million and $2 million, respectively.
The Gap-owned activewear brand has been in the Cherry Creek Shopping Center since 2012.
The retailer, which served enthusiasts in Denver for seven decades before moving in 2017, has given up its brick-and-mortar presence.
“To this day, it’s still a mystery how she discovered me. But knowing that she’s worn a pair of my leggings is pretty life changing,” said the founder.
The grocer, which has renovated and given a new name to its Cap Hill location, wants to add 8,050 square feet to its space at 1111 S. Washington St.
A group of investors that includes prominent Denverites such as Dick Monfort bought the 49-year-old book store chain, which has been hurt by the pandemic.
The home goods retailer’s location in Lone Tree near Park Meadows mall is also among 200 stores being shuttered nationwide.
Portland-based My Fit Foods has operated in the Denver Tech Center since 2018 and is looking at expanding to Boulder, Fort Collins and Colorado Springs.
The location near Park Meadows mall is one of 200 nationwide the home goods retailer is planning to shutter within two years.
“We were balancing a very fine precipice — trying to grow a business that’s product-based in the outdoor space while paying attorneys to pursue recovery of some of our key assets,” said the company’s founder.
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