Finance & Capital Management

Chestnut Hill, Mass., and Greensboro, N.C. — Tanger Factory Outlet Centers and WS Development have announced plans to partner on the development of an upscale outlet center in Cheshire, Conn. The two companies will co-own the center, which is now in the pre-development stage.

Located at the I-691 and Route 10 interchange, the site features visibility and convenience.

The sale of Unilever’s meat snack business to Jack Link’s closed this week, clearing the way for the Minong, Wis.-based company to pursue its global ambitions.

Jack Link’s is already the leading U.S. meat snack brand with a pervasive presence at retail but has set its sights on international growth.

By Marc Aptakin, CEO and Founder, Timesly

Time theft can lead to steep losses in revenue. For chain store owners and managers in particular, every minute impacts the business’ bottom line. Managing your workforce properly is one of the most critical components to success, and fortunately, the industry is experiencing a new wave of technological advancements for those looking to do exactly that. Here are a few examples to help you improve efficiency, increase cash flow and cut down on lost time.

Biometrics

Ankeny, Iowa -- Casey’s General Stores plans to break ground on the company’s second distribution center in November 2014. The facility will be located in Terre Haute, Ind.

Minneapolis - Kevin Davidson has joined merchandising intelligence solutions provider Quantum Retail Technology Inc. as its CFO. Davidson brings more than 20 years of financial management and corporate development experience to Quantum and will report to CEO Steve Buege.

Davidson joins Quantum after serving as CEO of Critical Perfusion from 2012 to 2014. Previously he held C-level positions with BioDrain Medical Inc., OrthoRehab Inc., and was a managing director at Arthur Andersen LLP.

Chicago – Information security firm Trustwave Holdings Inc., which is being sued in connection with the Target Corp. data breach, is denying that it managed data security for Target. In a letter to its business partners and clients, Trustwave CEO Robert McCullen said Trustwave did not monitor the Target data network or process credit card data from the retailer’s customers.

Toy maker Jakks Pacific secured a $75 million credit facility from GE Capital.

The nine year old company based in Malibu, Calif., plans to use proceeds for working capital, capital expenditures and general corporate purposes as needed.

Dallas — Dickey’s Barbecue Restaurants will open three new Dickey’s Barbecue Pits this week. On April 2, the chain will open a restaurant in Colorado Springs, Colo., and on April 3, two more restaurants will open, one in Gulfport, Miss., and another in Stockton, Calif.