Finance & Capital Management

New York -- Brixmor Property Group announced commercial real estate professional Mark Salma has joined the company as VP of redevelopment. In his role, Salma will focus on Brixmor’s anchor space repositioning projects in the North region with the goal of driving higher sales, traffic and small shop leasing at the property level.

Nearly a year after a massive data breach, the Home Depot is looking to a cybersecurity veteran to add expertise to its board directors.

The world's largest home improvement retailer said it has appointed Linda R. Gooden to the company's board of directors. Gooden will serve on the company's Audit and Leadership Development and Compensation Committees. Her appointment gives the company 12 directors, 11 of whom are independent.

A new survey has revealed some more glum news about shrink in the U.S. retail industry.

Miami -- Federal Realty Investment Trust, along with partners Grass River Property and The Comras Company, acquired 85% interest in The Shops at Sunset Place -- a 515,000 sq. ft. mixed-use center in South Miami, Florida for $110 million.

The transaction includes the assumption of an existing $70.8 million mortgage with an interest rate of 5.6% and maturity date of September 2020.

Boston-based sporting goods retailer City Sports has filed for Chapter 11 bankruptcy protection and plans to liquidate at least a quarter of its stores.

According to the Wall Street Journal, City Sports said it has a deal with liquidators Tiger Capital Group to hold going-out-of-business sales at eight of the company’s 26 stores, which are scattered throughout the Northeast from Massachusetts to Washington, D.C.

Boston-based sporting goods retailer City Sports has filed for Chapter 11 bankruptcy protection and plans to liquidate at least a quarter of its stores.

According to the Wall Street Journal, City Sports said it has a deal with liquidators Tiger Capital Group to hold going-out-of-business sales at eight of the company’s 26 stores, which are scattered throughout the Northeast from Massachusetts to Washington, D.C.

In a not unanticipated move, American Apparel filed for bankruptcy protection in Delaware on Monday. But the company said its stores will not be affected by the filing, and no store closings or layoffs were announced.

The Los Angeles-based retailer, which has not reported a profit since 2009, has been struggling under the weight of big debts sluggish sales and a protracted — and costly — legal battle with its founder and ousted CEO, the controversial Dov Charney.

The bankrupt Haggen supermarket chain is following through on its promise to unload some of its California locations as the company looks to refocus its operations on 37 stores in the Pacific Northwest.