Marketing

Toronto -- Sears Canada chief Calvin McDonald told attendees of the retailer’s annual meeting in Toronto on Tuesday that the focus will be on its strongest categories to more quickly effect a turnaround.

Hard goods such as appliances and tools will be a major focus in the company’s three-year turnaround plan, said McDonald. Sears Canada is majority-owned by Sears Holdings Corp.

Bentonville, Ark. -- A report by the Associated Press on Monday said that Wal-Mart Stores Inc. CEO Mike Duke was compensated with an $18.1 million pay package in 2011, down 3% from the prior year.

According to AP, the pay decline is attributed to a smaller performance-based cash bonus for the year.

Keeping a store open during a remodel versus closing it until the work is completed was the theme of the SPECS session, “Open Store Remodels: Best Practices for Maintaining the Customer Experience and the Focus on Sales.” The session was part of the Ground-Up Construction and Remodeling workshop track.

Although the speakers had experience with both methodologies, they focused more on ways to keep the store open during the process.

BENTONVILLE, Ark. — The Walmart board of directors is poised for an infusion of fresh, and young, talent when shareholders vote to approve a slate of directors that includes Google’s VP of local and maps.

DALLAS — Neiman Marcus has named Michael Kingston SVP, CIO of The Neiman Marcus Group. He succeeds Phillip Maxwell, who earlier this month announced his retirement.

Kingston joins The Neiman Marcus Group from Ann Inc., parent company of Ann Taylor, where he was the EVP enterprise transformation and technology. Prior to Ann Inc., Kingston was VP applications at Coach Inc. and international director information services at LVMH.

JAKKS Pacific Inc., appointed Carmine Russo president of its international division with responsibility for growing international sales and overseeing marketing, advertising, promotions and distribution operations across all product divisions.
 

Dallas -- Neiman Marcus announced that Michael R. Kingston would be joining the company, April 23, as senior VP, CIO of The Neiman Marcus Group. Kingston succeeds Phillip Maxwell, who earlier this month announced his retirement.

Kingston joins Neiman Marcus Group from Ann Inc., parent company of Ann Taylor, where he was the executive VP enterprise transformation and technology.
 

Relocating a business and a family from Memphis, Tenn., to St. Petersburg, Fla., is a short distance in miles, but for The Sembler Co., which celebrates its 50th anniversary this year, the journey has been much longer.

“We have developed 350 projects, including 125 or 130 shopping centers,” said Mel Sembler, recently named chairman emeritus. “It’s been an interesting career.”

Editor’s Note: Chain Store Age’s 23rd annual survey of Fastest-Growing Managers measures new domestic and international third-party management and leasing contracts obtained during the preceding calendar year (2011).

Now more than ever, retail real estate is not a business to be conducted without forethought. The days of gut instincts and seat-of-the-pants decisions have been replaced by the need to plan far ahead to guarantee a company’s continued growth.

2014 marked progress in new development, particularly on the outlet front

After nearly a decade of stalled growth in the shopping center industry, 2014 finally saw progress being made on the new development front. While it’s true that much of the ground-up construction was of the outlet center ilk, the value sector wasn’t the only new-build push.