Marketing

Los Angeles -- Caruso Affiliated said it has named Paul Kurzawa as the company’s new COO, a newly created position for the company. Kurzawa was previously executive VP operations for Caruso.

The firm also outlined a comprehensive expansion program that is designed to double its size in the next five years, according to founder and CEO Rick Caruso. Caruso outlined the company’s business goals and platform for growth at a recent employee meeting.

Walnut Creek, Calif. -- Grubb & Ellis Co. Said that it has named Robin Newton as VP retail group, for the firm.

Specializing in tenant and landlord representation, Newton joins Grubb & Ellis from Cornish & Carey Commercial Newmark Knight Frank. 
 

Los Angeles -- Robertson Properties Group said it has named John Manavian executive VP real estate, design & development, responsible for oversight of the firm’s real estate portfolio, development projects and the roll-out of ArcLight Cinemas.

Robertson Properties Group is affiliated with Pacific Theatres and ArcLight Cinemas, which are all part of the Decurion Corp.

New York City -- Target Corp. said its annual sales may top $100 billion within the next seven years, with revenue boosted by its first expansion outside the United States, Bloomberg reported.

The chain also may double earnings per share over that period, CFO Douglas Scovanner said Thursday on a conference call after fourth-quarter results. Net income in the period ended Jan. 29 rose 11% to $1.04 billion.

New York City -- Dunkin’ Brands plans to open 500 Dunkin’ Donuts stores in India over the next 15 years through a partnership with restaurant chain operator Jubilant FoodWorks Ltd.

Dunkin’ Donuts signed a franchise agreement with Jubilant, according to a statement distributed by PR Newswire today. The first Dunkin’ Donuts shop will open early next year, and will feature the company’s signature coffee and bakery products as well as food developed specifically for the Indian market.

Sears Holdings named Lou D’Ambrosio its new CEO in conjunction with the release of fourth-quarter results that sales and profits decline, as a 2.5% same-store sales increase at Kmart was not enough to offset a 4.5% comp decline at Sear’s flagship stores.

MENOMONEE FALLS, Wis. -- Kohl’s reported that net income for the fourth quarter increased 14% to $493 million, or $1.66 per diluted share, compared with $431 million, or $1.40 per diluted share, a year ago. Net sales were $6 billion, an increase of 6.3% for the quarter. Comparable-store sales for the quarter increased 4.3%.

BENTONVILLE, Ark. — Walmart said it will present more than $1.5 million to nonprofits in six U.S. communities, thanks to Facebook users' help with the retailer's commitment to fight hunger through 2015.

Walmart's Fighting Hunger Together campaign called on Facebook users to go to Walmart.com/fighthunger and "like" one of the 100 hungriest communities in the United States, as ranked by the Food Research and Action Center. More than 10 million votes were cast during the campaign, which ran from Nov. 15 through Dec. 31.

COLUMBUS, Ohio -- Limited Brands reported Thursday that its jumped 27% to $452.3 million in the fourth quarter, compared with $356.1 million in the year-ago period, on strong sales and healthy margins.

The parent to Victoria's Secret and Bath & Body Works previously announced that revenues for the quarter ended Jan. 29 rose 13% to $3.46 billion, beating Wall Street's estimate. Same-store sales increased 10%.

For the full year, net sales were $9.613 billion compared with net sales of $8.632 billion last year. Same-store sales rose 9%.

YORK, Pa. -- The Bon-Ton Stores announced the signing of a license and design agreement with Mambo Graphics PTY LTD for the exclusive launch of the Mambo brand in the United States. Under the agreement, Mambo will design the collection while Bon-Ton will manage the sourcing, manufacturing, distribution and marketing of the line.