Finance & Capital Management

Dedham, Mass. - Reflexis Systems Inc. today announced the appointment of Brett Friedman as senior VP of global sales and marketing. He will be responsible for expanding the Reflexis global sales team and building upon the company’s growth.

Friedman brings 15 years of sales and marketing experience and joins Reflexis from Infor, where he had global revenue responsibility for supply chain and PLM solutions. Prior to Infor, he was senior VP of global sales at Allegro Development and has also held leadership positions at SAP and i2 Technologies.

New York -- Juicy Couture is closing its U.S. stores as it makes plans to debut a new retail store format in key high-traffic locations, including New York City, Los Angeles and Vancouver, in early 2015. The company expects to open 127 stores and in-store shops during the next five years in major cities across the globe.

Oak Brook, Ill. — Inland Diversified Real Estate Trust stockholders have voted overwhelmingly to approve the previously announced merger with Kite Realty Group Trust. Assuming all conditions to closing the merger have been satisfied, it is expected to close on or after July 1, 2014.

Austin, Texas – Whole Foods Market Inc. is being fined about $800,000 for charging excessive prices in California. Inspections of Whole Foods and Mrs. Gooch’s stores in the state revealed that the retailer was charging for the weight of salad bar containers, selling prepared foods by the item rather than the pound, and labeling items as heavier than their actual weight.

Sidney, Neb. - Cabela’s Inc. has signed an amended credit facility with a consortium of financial institutions led by U.S. Bank. This $775 million, five-year credit facility expands and extends Cabela’s existing $415 million, five-year agreement signed in 2011.

In addition, the facility may be increased to $800 million subject to certain terms and conditions.

New York - Barnes & Noble Inc. plans to spin off its Nook e-reader unit as a separately traded public company from its retail operation by the end of the first quarter of fiscal 2016. The retailer made this decision as its consolidated net loss for the fourth quarter of fiscal 2014 shrank from $114.8 million to $36.7 million, missing Wall Street estimates.

The Barnes & Noble board has given the company the green light to separate its retail and Nook Media businesses to optimize shareholder value.

The company anticipates completing the separation of the businesses into two separate public companies by the end of the first quarter next year.

Former Walmart CEO Lee Scott is among four new members of board of directors at Yahoo, a company whose CEO Marissa Mayer serves on the Walmart board.

The General Mills board of directors has added Henrietta Fore, CEO of consulting and investment company Holsman International, to its ranks.

Fore currently serves as the chair of Holsman’s board of directors and global co-chair of both WomenCorporateDirectors and Asia Society, and previously oversaw the U.S. Mint and was administrator of U.S. international development.

Fore joins the General Mills board, as current member and former Sprint chief, William Esrey, prepares to leave in September after 25 years.

Crowdsourced grocery delivery provider Instacart is already putting the $44 million in funding from big name Silicon Valley investors that it received a little more than a week ago to good use. The company has this week launched its one-hour grocery delivery service in Denver and Atlanta.