Finance & Capital Management

The Marketplace at Potomoc Towne Center in Ranson, West Virginia, has been acquired for $35.9 million by Heidenberg Properties Group and Strategic Real Estate Partners (SERP) in a joint venture deal. The seller was Carl Freeman Companies of Rockville, Maryland.  

Walmart has launched a digital platform to share tips and learnings that grew out of its five-year Women's Economic Empowerment Initiative.     As part of the ambitious initiative, which Walmart completed in January, the chain sourced $20 billion from Women Owned Businesses (WOBs) for its U.S. business, increased sourcing from WOBs internationally, and trained more than 1 million women worldwide.  

Target Corp. on Thursday surprised the industry and investors with some good news.   The discounter updated its guidance and said that as a result of improved traffic and sales trends through the first two months of the quarter, it expects to report a modest increase in its second quarter same-store sales. Target previously said it expected a decline.   

Tiffany & Co. has found its next chief executive.   The jeweler has named Alessandro Bogliolo as CEO, effective October 2, 2017. Tiffany has been looking for a CEO since February, when Frederic Cumenal abruptly left the company in a shakeup amid disappointing financial results.    Bogliolo, 52, has been CEO of Diesel SpA, a global apparel and accessories company, since 2013. At Diesel, he led the company’s efforts to revitalize its brand and enhance the customer experience. 

Amazon has won the right to sell groceries in India.   The online giant currently sells groceries in India through a local partner. But it recently secured government approval to stock and sell its own food items, reported the Nikkei Asian Review.     

The Kroger Co. has named a veteran of discount grocer Aldi to Kroger's own low-cost division.    Kroger on Wednesday appointed Liz Ferneding as president of Ruler, effective July 31. She succeeds Paul Bowen, who retired in May.  

Captain D’s, which introduced fast-casual seafood to Tennessee nearly 50 years ago, continues to expand at a quick pace.   The Nashville-based chain announced this week that four new locations are planned for the Mobile-Pensacola market in the next five years and five new stores are planned for San Antonio. It added that a new franchisee will open a location in the Jackson, Tennessee, market this year, with more to follow.  

One of the nation’s largest outdoor markets is making room for some brick-and-mortar retail.   Berryessa Properties, a family-owned company that runs the San Jose Flea Market has sold a 6.5-acre parcel adjoining the open-air bazaar to Western National Group. The Irvine, California-based company plans to erect an apartment building with 560 residences in the space, including 37,000 sq. ft. of ground-floor retail in the fifth phase of its Market Park San Jose property.