Finance & Capital Management

Under new ownership and management, a revamped RadioShack is working to transform its remaining 1,720 stores, as well as its online presence, according to the Star-Telegram. “It was herculean to get the stores back into position, and they’re proof of what people want and expect,” said chief marketing officer Michael Tatelman. [Star-Telegram]

Publix Super Markets is getting a new CEO after Ed Crenshaw announced his retirement on Wednesday.

The company announced that Crenshaw will step down effective April 30. Upon Crenshaw’s retirement, current company President Todd Jones will become president and CEO. 

Carl Nottberg, a veteran retail facilities executive, is battling cancer.

Nottberg, senior VP of business development at USM, is suffering from multiple myeloma, a relatively uncommon form of cancer that attacks the plasma cells in the bone marrow. He has been in and out of treatment while his immune system is attacked, and hospitalized for weeks at a time.

Publix Super Markets named a new CEO to replace current chief executive Ed Crenshaw, who announced his retirement on Wednesday.

The company said that Crenshaw will step down effective April 30, 2016. Upon his retirement, current company president Todd Jones will become president and CEO.

Sheetz, the family-owned and operated convenience store chain, announced it will invest more than $15 million to raise the wages of store employees across the company. And it is doing so without cutting back on hours for full-time employees.

Rancho Cucamonga, Calif. -- Passco Companies has acquired Day Creek Village located in in Rancho Cucamonga, California for $15.8 million.

Day Creek Village is a neighborhood shopping center in the second largest submarket in California’s Inland Empire market. The 25,002 sq. ft. center is 100% leased and is shadow-anchored by a Ralph’s grocery store, and currently has 14 tenants, including Starbucks, Wells Fargo, Super Cuts, Subway, and Orange Theory Fitness.

Supervalu wants to unlock the value of its Save-A-Lot division with a planned spinoff, but the 1,336 store division did little to enhance its appeal to investors with a weak showing in the third quarter.

Burlington Stores says a big decline in cold weather apparel led same-store sales to be mostly flat over the holiday season.

Tom Kingsbury, president and CEO at Burlington Stores, said: “While we are pleased with the strong response to our gift assortments especially in fragrances, bath and body and home, these increases have been offset by headwinds affecting our cold weather assortments, especially in coats and outerwear. Accordingly, we now expect comparable store sales to be approximately flat for the fourth quarter.”