Marketing

New York City -- High-end Swiss cosmetic retailer La Prairie will expand its Fifth Avenue location, between 53rd and 54th Streets.

According to its real estate representative Cushman & Wakefield, La Prairie will expand and occupy an additional 9,400 sq. ft. and the entire 11th floor of its existing building. The company also occupies the entire 13th and 14th floors.

La Prairie will occupy a total of 22,110 sq. ft. in the 26-story building.

Marietta, Ga. -- LaVida Massage said it will open a new location in Marietta, Ga., on Lower Roswell Rd.

The newest location is slated to open Oct. 1 in 3,000 sq. ft., and is owned and managed by Georgia Master Developers Terry Sharp and Duane Goodwin.

Bentonville, Ark. -- Wal-Mart Stores announced that Eduardo Castro-Wright, 56, vice chairman and CEO of the company’s Global eCommerce and Global Sourcing businesses, will retire on July 1, 2012. The company said it plans name new leadership for these businesses by the end of January, after which Castro-Wright will assist in the transition.
 

Dallas -- SRS Real Estate Partners said Tuesday that it has hired three new team members in the Newport Beach, Calif., office.

Steve McClurkin, Garrett Colburn and Nichole Slykhous have joined the SRS Newport Beach office to focus on tenant representation, specializing in expanding national retail and restaurant concepts. They will also continue consulting with landlords on outdoor malls/lifestyle centers throughout the western United States.

Boca Raton, Fla. -- Office Depot said Monday that the president of its international division has been terminated effective immediately, for having what the retailer called an “improper relationship” with a co-worker.

“Charlie Brown was terminated for having an improper relationship with another associate,” said Neil Austrian, Office Depot’s chairman and CEO. “The company has a zero tolerance policy in this regard.”

Atlanta -- U.S. prosecutors have charged former Carter’s senior VP Joseph Elles with securities fraud, according to a report by the Associated Press.

Elles has been accused of lying about the company's financial situation and then selling shares of its stock when the price was artificially inflated.

Deerfield, Ill. -- Walgreen Co. reported Tuesday that profit for its fiscal fourth quarter surged 69%, in part due to gains from the $525 million sale of its pharmacy benefits management business Walgreens Health Initiatives during the quarter.

Net income for the quarter ended Aug. 31 rose to $792 million, up from $470 million in the year-ago period and surpassing Wall Street expectations.

Revenue rose 6.5% to $18 billion and same-store sales increased 4.4%.

CONSHOHOCKEN, Pa. — Ikea announced that on Oct. 1, its U.S. stores will give away free tree seedlings through its partnership with American Forests. Ikea has been partnering with American Forests since 1998, and through their "Plant a Tree" campaign, they have raised $1.9 million dollars to plant 1.9 million trees.