Finance & Capital Management

Menomonee Falls, Wis. -- Kohl’s Corp. said Monday that it has opened a new IT office in Silicon Valley. The 52,000-sq.-ft. office space in Milpitas, Calif., will be an extension of the IT team at the company’s Menomonee Falls, Wis., corporate office and will initially employ 30-plus Kohl’s associates with the potential to accommodate future growth, said the retailer.

MENOMONEE FALLS, Wis. — Kohl’s has opened a new IT office in the Silicon Valley to support its online sales growth and strategic focus on omni-channel initiatives, including process automation and the re-platforming of Kohls.com.

The 52,000-sq.-ft. office space in Milpitas, Calif., will be an extension of the IT team at the company’s Menomonee Falls, Wis., corporate office and will initially employ 30-plus Kohl’s associates with the potential to accommodate future growth, said the retailer.

Fort Worth, Texas -- Trademark Property announced that Tony Chron has rejoined the company as chief development officer, effective April 15.

“Bringing Tony back is an important investment in our development capacity,” said Trademark chairman-CEO Terry Montesi. Chron will oversee Trademark’s power and community center development program as well as the company’s redevelopment efforts.
 

New York -- A Monday report by Bloomberg said that ex-Aeropostale executive Christopher Finazzo – convicted last week on 14 counts of  fraud against the retailer – has been order to forfeit more than $25 million.

Jurors unanimously found that Finazzo must turn over $25.79 million in cash, interest in four Calverton, N.Y., properties and as much as $300,000 from a trading account, according to the Bloomberg report, which cited a statement by Robert Nardoza, spokesman for Brooklyn U.S. Attorney Loretta Lynch.
 

MATTHEWS, N.C. — Family Dollar has announced that EVP of supply chain Charles S. Gibson will leave the company to pursue other interests.

“Charlie has overseen the growth and development of our supply chain network and has been a valued part of our team,” said Howard R. Levine, chairman and CEO. “We appreciate the contributions Charlie has made to the company’s success, and we wish him all the best in his future endeavors.”

Melville, N.Y. -- A&G Realty Partners announced Monday that former executive VP of real estate for Charming Shoppes, Jonathon Graub, has joined the firm as principal.

Graub will leverage his background to advise clients on strategic growth opportunities and to assist with their real estate operations.
 

MELVILLE, N.Y. — Retail real estate industry executive Jonathon Graub has joined A&G Realty Partners, a leading commercial real estate, advisory and investment group, as principal. Graub will advise A&G Realty’s retail clients on strategic growth opportunities and assist with their real estate operations.

Chicago -- Marcus & Millichap Real Estate Investment Services said it has named Stephen Rachman as regional manager of its Chicago O’Hare office.

Rachman began his career at Marcus & Millichap in 2002 as an agent in the firm’s Chicago O’Hare office and, in 2004, relocated to the Chicago Downtown office. Named senior associate in 2005, and then VP investments in March 2013, Rachman returned to the Chicago O’Hare office in March.