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Best Buy CEO says he’s not leaving
Hubert Joly, chairman and CEO of Best Buy, denied a report that has him taking the helm of a European retailing giant. A report by Reuters, which cited Brazilian newspaper Valor Economico, said that Carrefour, the world’s second largest retailer, had identified Joly as a replacement for its current CEO, Georges Plassat, whose term ends in May 2018. -
General Growth Properties is now officially ‘GGP’
Though General Growth Properties has long been most commonly known as GGP in the retail industry, the big mall owner has now made it official. Effective Jan. 27, the big mall owner with 126 properties in 40 states, officially changes its name to GGP. Founded in 1954 to develop grocery-anchored strip centers, GGP evolved into one of the largest providers of A-level mall space.

