Finance & Capital Management

Chelsea Bagel leases second Manhattan location
New York City -- Chelsea Bagel, operating on West 14th Street for the past five years, has leased its second Manhattan location.
Study: Same-store sales rise 1.3% in October
Arlington, Virginia –- Brick-and-mortar retailers have at least one good piece of news to cheer them up this fall. U.S. same-store retail sales were up 1.3%, or $3.9 billion, in October 2014, driven by a 2.2% increase in dollars per transaction, according to data from the Applied Predictive Technologies (APT) Index and historical U.S. Census data.

CROSSMARK exec named CEO at WIS

The retail inventory specialist firm WIS International named merchandising and marketing services veteran Jim Rose as its new president and CEO.

Rose most recently served as president of marketing services at CROSSMARK, a leading provider of marketing and merchandising services. Rose also previously served as chairman and CEO for Mosaic Sales Solutions and also held senior roles at The Nielsen Company and MPG, a global advertising and communications company.
Founding officer of Costco dies at 72

Issaquah, Wash. -- Robert Craves, 72, a founding officer of Costco, died last week shortly after being diagnosed with cancer, The Seattle Times reported.
Long-time Costco exec Craves dies

Former Costco executive Robert Craves died last week shortly after being diagnosed with cancer, The Seattle Times reported. He was 72.
Lindgren elevated to CEO role at Otter

No company protects more mobile devices than Otter Products and now the maker of the ubiquitious OtterBox and LifeProof brands has a new CEO.
Sears plans to convert its property in Aventura, Fla., to mixed-use development

Aventura, Fla. -- In another move to capitalize on its extensive real estate portfolio, Sears Holdings Corp. has submitted plans to the City of Aventura in Florida for the redevelopment of the Sears property at Aventura Mall into an open-air village that will feature retail, restaurants, offices and a hotel.
RetailNext names IBM exec as chief marketing officer

San Jose, Calif. -- RetailNext Inc., a leader in applied Big Data for physical retail, named Marc Dietz as its chief marketing officer. Dietz comes to RetailNext most recently from IBM where he led worldwide marketing for the company’s SaaS portfolio, including multiple acquisitions such as DemandTec, Coremetrics, and Silverpop.
Study: Gen Y shoppers prefer retailers that offer financing options

Austin, Texas -- Gen Y consumers, whose annual spending power is estimated at $200 billion, prefer to shop at retailers that offer financing options, according to a new study. An eNation study of more than 2,000 consumers, commissioned by financial technology company NewComLink, found that 59% of shoppers between the ages of 18 and 34 say their choice of retailer is impacted by whether that retailer offers financing options.
Guest Commentary: Overtime Pay--Claims by Store Managers and Assistant Managers on the Rise

By Nicholas Fortuna & Paula Lopez of Allyn & Fortuna LLP

Finance & Capital Management

Chelsea Bagel leases second Manhattan location

Study: Same-store sales rise 1.3% in October

CROSSMARK exec named CEO at WIS

Founding officer of Costco dies at 72

Long-time Costco exec Craves dies

Lindgren elevated to CEO role at Otter

Sears plans to convert its property in Aventura, Fla., to mixed-use development

RetailNext names IBM exec as chief marketing officer

Study: Gen Y shoppers prefer retailers that offer financing options

Guest Commentary: Overtime Pay--Claims by Store Managers and Assistant Managers on the Rise