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Finance & Capital Management

  • O’Connor/Wafra acquires Houston power center

    New York City -- O'Connor/Wafra Retail Partners, a fund sponsored by O'Connor Capital Partners and Wafra Investment Advisory Group, said it has acquired a 278,209-sq.ft., open-air center, Baybrook Village, in Houston.

    Baybrook Village is anchored by Sports Authority, Ross and Toys ‘R’ Us, and also features PetSmart, Ulta, Jos. A. Bank and Jo-Ann Fabric & Crafts.  

  • Cole and RED form joint venture

    Phoenix -- Cole Real Estate Investments announced the formation of a joint venture with RED Development to focus on future acquisition opportunities, recapitalizations and note purchases in the retail real estate sector. 

  • NRF pleased with White House efforts to promote free trade

    Washington -- The National Retail Federation announced that it is pleased with President Obama's efforts to implement three pending Free Trade Agreements. 

  • Claire's Stores names head of European business

    Chicago -- Claire's Stores, Inc. said Tuesday that it has named Beatrice Lafon President of the European Division, effective immediately.

    In her position as President of Europe, Lafon will lead the continued growth and expansion of the European business, with direct oversight of buying, merchandising and allocation, supply chain, stores, and the overall operations for approximately 1,100 stores across 13 countries.

    Lafon will report to Gene Kahn, CEO. 

  • Francis named president of JCPenney

    MINNEAPOLIS — Michael Francis, EVP and CMO of Target, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

    “We would like to thank Michael for his many contributions and wish him the best in his future endeavors” said Gregg Steinhafel, chairman, president and CEO.

  • Two promotions announced at Land's End

    DODGEVILLE, Wis. — Lands' End has announced the promotion of Tim Martin to COO/CFO, and Chris Kolbe to brand president.  

    As the leader of operations and finance for Lands' End, Martin will oversee all aspects of financial planning and inventory management for the brand's global business. He most recently served as SVP, CFO.

  • Starbucks starts fund to stimulate job creation

    Seattle -- Starbucks Coffee Company is teaming up with the Opportunity Finance Network (OFN)  to launch a “Create Jobs for USA” fund. 

    Starting Nov.1, the new initiative will pool donations from Starbucks customers, partners (employees) and citizens into a nationwide fund for community business lending. One-hundred percent of the donations will go toward loans for firms and organizations that can add jobs or stem job losses, Starbucks said. 

  • Wal-Mart to webcast annual meeting for investors

    Bentonville, Ark. -- Wal-Mart Stores, Inc. will webcast its annual meeting for the investment community on Wed., Oct. 12 from approximately 8:00 a.m. CDT to 3:30 p.m. CDT. 

  • Bankruptcies ahead? Holidays could be telling...

    The current economic climate has us all thinking more about retail expansion than perhaps over the last two to three years, but real estate disposition/portfolio optimization isn’t just on simmer. There’s still plenty of action in that arena, and Chain Store Age talked with Spence J. Mehl, SVP of New York City-based RCS Real Estate Advisors, about the latest happenings.

  • Lands’ End makes executive appointments

    Dodgeville, Wis. -- Lands' End  announced the promotion of Tim Martin to COO and CFO and Chris Kolbe to brand president.  

    Martin most recently served as senior VP, CFO. Kolbe most recently served as chief merchandising and design officer for Lands' End.

     

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