Finance & Capital Management

Dallas -- CBRE Capital Markets’ Retail Investment Properties team announced the sale of Towne Square Shopping Center in Plano, Texas. Dallas-based Norman J. Hoppenstein purchased the retail center from an undisclosed seller.  

Clickstop, a multi-brand online retailer, has promoted Sarah Watson to Director of Business Development, moving supplies, for the company’s largest online store, USCargoControl.com.

This promotion is in line with Clickstop’s focus on strength-based approach to employee learning implemented in 2014.  Watson's natural drive to achieve goals, anticipate obstacles, seek consensus and organize work to improve collaboration has propelled her into this new role, according to the company.

Off price retailer Tuesday Morning enjoyed an 11.3% surge in its first quarter same store sales as it benefitted from the introduction of new and expanded merchandise categories.

Memphis, Tenn. -- Fred's Inc. named Jerry Shore as its next CEO. Shore has served as the company's executive VP and CFO for more than 14 years. He assumed the additional title of COO in Jan. 2014.   Shore's promotion follows follows notification by current CEO Bruce A. Efird of his intention to leave Fred’s upon the expiration of his contract.   

Arlington, Texas -- UCR Investment Sales, a division of UCR, announced the sale of Arlington Park Square, a 94,125-sq.-ft. value-add specialty retail center located in Arlington, Texas.   

A man behind some of America’s favorite brands will receive the Lifetime Achievement Award from Chief Executive magazine.  Leslie H. Wexner, chairman and CEO of L Brands will be honored at the CEO2CEO Summit conference, Dec. 4, 2014, at the New York Stock Exchange.

Canton, Mass. -- Big & tall men's apparel retailer Destination XL Group announced that it has increased its existing asset-based revolving line of credit with Bank of America, N.A. by $25 million to $125 million.     In addition, the company entered into a new agreement with Wells Fargo Capital Finance for a $15 million five-year senior secured second lien term loan.  

By Craig Johnson, Customer Growth Partners   With a third straight year of dismal retail spending, American consumers will generate only a lackluster 3.4% year-over-year increase in holiday sales, well below the 5% pace in 2010 and 2011, according to Customer Growth Partners’ 14th Annual Holiday Forecast.