Marketing

Abilene, Kan. -- Alco Stores said Thursday that it has promoted Ricardo Clemente to senior VP, human resources, store operations and loss prevention.

Clemente joined the chain in 2011 as a district manager, most recently serving as VP stores and human resources.

London — The International Council of Shopping Centers’ executive committee has elected Marcus Wild, CEO of SES Spar European Shopping Centers, as divisional VP for the association’s European division.

Dallas -- SRS Real Estate Partners said that Townsand Cropsey has joined the firm as senior associate in the Newport Beach office.

Cropsey will focus on tenant representation and investment services.



The company also announced that Katie Carlisle has been named an associate in the Austin office. Carlisle is actively involved in project leasing and tenant representation with a focus on development. She comes to SRS from The Retail Connection.

Lyndhurst, N.J. -- Crossroads Cos. has been named leasing agent and property manager for Veterans Square Shopping Center, located on New York Avenue in Lyndhurst, N.J.

The 144,400-sq.-ft. neighborhood shopping center’s tenant roster includes a free-standing ShopRite, Home Goods and a mix of national, regional and neighborhood businesses.

Irvine, Calif. -- KTGY Group announced that Hutton Cos. has launched construction on La Verne Village, a 172-unit mixed-use residential and retail community in La Verne, Calif., located in the San Gabriel Valley, east of Los Angeles.

Situated on the site of a former automobile dealership on 7.69 acres, the La Verne Village luxury apartment homes are integrated within the village-center court, complete with more than 15,000 sq. ft. of integrated retail shopping and dining.

Issaquah, Wash. -- Costco Corp. reported Thursday that net income for the quarter ended May 12 increased a higher-than-expected 19% on increased sales and member fees. The wholesale club operator earned $459 million in the third quarter, up from $386 million in the year-ago period.

Revenue rose 8% to $24.08 billion, just missing Wall Street’s forecast of $24.09 billion. Revenue from membership fees climbed to $531 million from $475 million, and same-store sales rose 5% overall and 6% in the U.S.

TORONTO — Loft will open four new store locations in Ontario, Canada, following the retailer's initial foray into the Great White North late last year at the Yorkdale Shopping Centre in Toronto.

The retailer also introduced e-commerce into its new Canadian market in March.

EAST RUTHERFORD, N.J. — Kid Brands announced late today that it has appointed James Christl as SVP and CFO. He replaces Guy Paglinco, who has resigned as CFO "to pursue other opportunities."

Paglinco has agreed to remain with the company full-time through July 5 to ensure a smooth transition, and has reportedly agreed to make himself available to the company for up to six months following his departure, if deemed necessary.

NEW YORK — Nickelodeon has launched a store within a store in Toys"R"Us Times Square. The Nick Shop is 1,000 sq. ft. and offers exclusive New York-branded products, such as kids and adult apparel, accessories, plush toys and home goods featuring Nickelodeon characters.

Merchandise showcasing Dora the Explorer, Bubble Guppies, Team Umizoomi, Winx Club, SpongeBob SquarePants and Teenage Mutant Ninja Turtles is priced from $5.99 to $49.99. The shop also has an assortment of Nickelodeon-branded toys, books and DVDs.