Finance & Capital Management

Cary, N.C. -- C-store operator The Pantry reported Tuesday that net income for the quarter ended June 30 rose to $19 million from $18 million the year before.

Same-store merchandise revenue dipped 1.5%.
 

New York City -- CB Richard Ellis Group, Inc. announced Tuesday that Matt Van Buren has been promoted to president, New York Tri-State Region.

Van Buren joined CBRE in January 2006. Previously, he served as executive managing director, with responsibility for CBRE's Midtown Manhattan brokerage division, as well as all activities relating to the firm's operations at its New York City headquarters at 200 Park Avenue.

SECAUCUS, N.J. — Ashley Stewart, manufacturer of plus size apparel, announced that its board of directors has appointed Celia Clancy as president and CEO. 

New York City -- Carrefour SA said Tuesday that it is not in discussions to sell its Brazilian unit to Wal-Mart Stores.

Newspaper Valor Economico had reported that the U.S. retailer was in discussions with Carrefour to acquire the French retailer’s Brazilian unit. The acquisition would have made Wal-Mart the largest retailer in Brazil after the acquisition. 
 

CITY OF COMMERCE, Calif. — 99 Cents Only Stores reported that its consolidated net income for the first quarter of fiscal 2012 was $17.7 million, or 25 cents per diluted share, compared with $16.8 million, or 24 cents per diluted share, for the prior year.

Westlake, Ohio -- TravelCenters of America LLC reported Tuesday that net income for its fiscal second quarter rose to $21.7 million, compared with $1.2 million a year earlier. The improved performance was due to higher fuel sales and higher margins.

During the second quarter, total fuel sales rose 4.3%.

Virginia Beach, Va. -- Divaris Real Estate announced Tuesday the appointment of Eric Bucklew as general broker for its Virginia Beach office.

Bucklew will focus on retail sales and leasing services to support the expansion of DRE's portfolio of leased and managed properties in the Hampton Roads, Va., region.

The outlet mall industry has undergone a major transition during the past decade and has never been better positioned for future success. This is a significant change from 10 years ago when a stale product mix targeted to a transient shopper base had raised serious questions about the viability of the outlet mall.