Finance & Capital Management

The VF Corp. is adding some heavy duty retail expertise to its board of directors.

Oklahoma City -- GBT Realty Corp. announced the acquisition of 30 acres in Oklahoma City, Oklahoma. The site was purchased in January for $2.95 million. The company broke ground on development of the first phase of the $50 million The Market at Czech Hall, a 450,000-sq. ft. regional neighborhood center last week.

Phase one includes the construction of 180,000-sq. ft. of retail, along with seven outparcels. The first tenant expected to open fall 2016.

The CEO of Cabela’s, Tommy Millner, said warm winter weather hampered same-store sales in the fourth quarter, but he did not provide details about any potential sale of the company.

Photo: Doug McMillon, president and CEO, Wal-Mart Stores, Inc.

The majority owner of Ollie’s Bargain Outlet is looking to reduce its stake in the company following a holiday season sales performance CEO Mark Butler characterized as thrilling.

Jo-Ann Fabric and Craft Stores has added some human resources heft to its executive ranks.

Regional grocery chain Weis Markets says its loyalty program and other promotions helped boost traffic in the third quarter as the company reported an increase in same-store sales.

For the period ended Sept. 26, sales increased 4.1% to $711.9 million while same-store sales increased 4%, compared to the third quarter in 2014. The company says it generated $12.8 million in net income, down 5.4%, compared to the same period in 2014. Third quarter earnings per share totaled 48 cents, compared to 50 cents in 2014.

Hhgregg CFO Robert Riesbeck is acting as interim CEO at the appliance, electronics and furniture retailer following the abrupt departure of longtime executive Dennis May.

DSW is expanding its e-commerce capabilities with a deal to acquire Ebuys Inc., an online off-price footwear retailer with a presence in North America, Europe, Australia and Asia.

DSW announced that the purchase price includes an upfront payment of $62.5 million as well as future payments contingent on the performance of Ebuys, Inc. The deal is expected to close within the next 30 days.

Photo: (L-R) Eric Griffith, Michael Herman, Stephen Lebovitz, Rusty Carlton, Robert Snetman.

Chattanooga, Tenn. -- CBL announced the promotions of Rusty Carlton to VP of portfolio accounting; Eric Griffith to VP of mall leasing; Michael Herman to VP of legal services; and Robert Snetman to VP of asset management and third party services.