Finance & Capital Management

Sportsman’s Warehouse will honor those serving in the U.S. military and public safety occupations with a special promotion.

On Military and Public Safety Appreciation Day, Jan. 24, 2015, the stores will offer discounts of up to 20%. Firearms, ammunition, optics and electronics will be offered with a 10% discount.

New York -- Consumers are feeling bullish, buoyed by low gas prices and an improving job market. The University of Michigan preliminary consumer sentiment index for January rose to an 11-year high of 98.2, from a final reading of 93.6 for December.

New York -- Apparel manufacturer and retailer Kellwood has named Joseph Lombardi, the former CFO of Barnes & Noble, as CEO.

Lombardi joined Kellwood as CFO in 2013, and has three decades of retail experience across a variety of sectors, including apparel.

Bethesda, Md. -- Washington Prime Group Inc. has completed its previously announced acquisition of Glimcher Realty Trust, created a new company WP Glimcher, based in Columbus, Ohio.

Mark S. Ordan will serve as executive chairman of the combined company’s board of directors and Michael P. Glimcher will serve as the combined company’s CEO and Vice Chairman, reporting to Ordan.

Washington, D.C. -- Retail Properties of America, Inc., has it closed on its $162.8-million acquisition of the retail portion of Downtown Crown, a class A mixed-use project located in Gaithersburg, Maryland (Washington, D.C. MSA). RPAI acquired the project from The JBG Companies and JBGR Retail.

St. Petersburg, Fla. -- Josh Beyer, P.E., has been promoted to senior VP of Development at The Sembler Company, overseeing all shopping center development in Florida, the Gulf Coast, and the southeastern U.S.

Beyer has been with the company for 12 years and, in that time, has been involved with more than 1.5 million sq. ft. of development, including Colony Plaza (The Villages, Florida), Park Street Retail Center (St. Petersburg, Florida) and Cross Creek Village (St. Cloud, Florida).

Huntsville, Ala. -- GBT Realty Corporation announced even more retail development in northern Alabama with The Shoppes of Albertville.  Just off the heels of two similar projects recently announced in the regional market, GBT is developing an $18 million, 135,000-square foot retail center along Albertville’s primary commercial corridor.  The company acquired the 13.2 acres on Dec. 29 and construction is currently underway.

Fort Worth, Texas – RadioShack Corp. is reportedly negotiating with Sprint to sell some of its store leases to the wireless carrier. According to Bloomberg, Sprint executives said the company is planning to expand its store count through acquisitions at an investor conference last week.

Atlanta – The Home Depot Inc. has named CEO and president Craig Menear as chairman, effective Feb. 2. He will succeed Frank Blake, who will retire as chairman.
 

Fort Lauderdale, Fla. – AutoNation Inc. has named Mike Jackson, chairman and CEO, to the additional role of president, effective Feb. 4, and signed a five-year employment contract extension through 2019. Jackson has been the CEO of AutoNation since 1999 and the chairman since 2002.