Finance & Capital Management

Inclement weather was not enough to keep Walgreens from posting January sales of $6.4 billion, an increase of 3.7% as compared to the year-ago period.

Total front-end sales increased 2.4% compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.6%. Customer traffic in comparable stores decreased 2.2% while basket size increased 3.8%.

Seattle-based Nordstrom plans to open a Nordstrom Rack at Christiana Fashion Center in Newark, Del. The approximately 35,000-sq.-ft. store, which is scheduled to open in fall 2015, is the company’s first Rack location in the state.

The single-level, newly built Nordstrom Rack is located at the intersection of Interstate 95 and Route 1, adjacent to Christiana Mall and will be surrounded by a strong tenant mix.

San Francisco-based One Kings Lane, an online destination for the home, has appointed Arun Rajan as chief technology officer.

In his new role, Rajan will lead end-to-end technology delivery, data infrastructure and site operations to support the growth and evolution of One Kings Lane.

Rajan joins alongside chief product officer David Yu, who joined One Kings Lane in mid-2013.

By John Mulligan, executive VP and CFO, Target

Cabela’s has appointed Donna M. Milrod to its board of directors.

“Donna is a proven leader and brings a wealth of regulatory, finance, and capital markets experience,” said CEO Tommy Millner. “The board and Cabela’s will greatly benefit from Donna’s insights and knowledge.”

Sidney, Neb. - Cabela’s Inc. has named Donna M. Milrod to its board of directors. Milrod has been the chief administrative officer of The Depository Trust & Clearing Corporation (DTCC) since October 2012, with responsibilities for DTCC’s finance, operations, regulatory relations, business continuity, vendor management, and security functions.

Tampa, Fla. — RMC Real Estate Services recorded a transaction volume of $79.5 million in 2013, encompassing 1.4 million sq. ft. within its RMC Property Group and RMC Ross Realty divisions. Leasing activity included 279 transactions, encompassing 905,000 sq. ft., valued at a total of $49.1 million. Investment activity closed 20 deals for $30.4 million, spanning 532,000 sq. ft.

Topshop/Topman plans to open a 40,000-sq-ft. flagship store on Fifth Avenue in New York. The new Manhattan store will be located on the corner of 49th Street, and is adjacent to Rockefeller Center.