Finance & Capital Management

Regency Centers, in partnership with SoCore Energy and several of its retail partners, is outfitting two of its shopping centers in California with solar photovoltaic systems.

Regency announced the installation of over 750 KW of rooftop solar photovoltaic systems at Persimmon Place, in Dublin, and East Washington Place in Petaluma. Combined, the systems include approximately 2,500 modules and are expected to produce over 1,200,000 kilowatt hours of clean and renewable electricity each year.

A ruling in the dispute between the Federal Trade Commission and Staples could hinge on whether the judge in the case is an Amazon Prime member who appreciates the online giant’s disruptive business model and potential to impact the business-to-business marketplace.

Dick’s Sporting Goods and Academy Sports + Outdoors have submitted letters of interest to buy some of the assets of Sports Authority Inc. that will go on the block in a bankruptcy auction, according to Reuters.

Modells Sporting Goods is also reportedly interested in some of the assets of the chain, which filed for Chapter 11 bankruptcy protection in early March.

A ruling in the dispute between the Federal Trade Commission and Staples could hinge on whether the judge in the case is an Amazon Prime member who appreciates the online giant’s disruptive business model and potential to impact the business-to-business marketplace.  

Gap Inc. has named a longtime member of its executive team to head up its Old Navy brand.

The retailer appointed Sonia Syngal as global president of Old Navy, effective immediately, as it looks to reenergize its value-driven brand. She succeeds Stefan Larsson, who left last year to become CEO of Ralph Lauren Corp.

Syngal, a 12-year Gap veteran, most recently served as executive VP of global supply chain and product operations for Gap Inc.

Both the volume of and monetary losses caused by fraudulent transactions have sharply increased in the past year.

According to the “2016 True Cost of Fraud Report” from LexisNexis Risk Solutions, the monthly average of fraudulent transactions has increased 32% to 206 from 156 in 2015. In addition, the monthly average of prevented fraudulent transactions has risen 33% to 236 from 177.

Pier 1 shrank its store base and e-commerce penetration reached record levels during the company’s fourth quarter, a period in which profitability was marred by promotions, markdowns and supply chain issues.  

Starbucks founder and CEO Howard Schultz recently touched down at Target Corp. headquarters in Minneapolis as part of Target’s series of “innovation speakers.” “With Starbucks, I dreamed of building a national brand and different kind of company, achieving balance between profit and conscience, bringing people along on the journey, and impacting the communities we serve,” Schultz said. “The kind of company my parents never got the chance to work for.