Mergers & Acquisitions

William Disbrow and Jim Sampey, former executives with Valpak/Cox Target Media, have joined Sterling Payment Technologies to grow Sterling’s loyalty products and a mobile initiative branded as Perkz.

Disbrow and Sampey were both longtime former executives at Valpak/Cox Target Media who held C-level positions.

SCOTTSDALE, Ariz. — nGage Labs, Inc., a leading provider of in-store shopper engagement solutions for retailers, has appointed Peter Charness as president; Nancy Terzolani as SVP of client experience and Larry Negrich as VP of marketing. 

They will be charged with leading the company in its next phase of growth.

New Delhi, India – The Indian government has eased its notoriously difficult restrictions on how foreign retailers must invest and source when doing business in the country. As reported by Reuters, foreign retailers will still have to source 30% of the products they sell locally, but now have five years to initially reach that goal and then have to meet it annually.

Parkesburg, Pa. — CVS/Pharmacy recently opened a 7,940-sq.-ft. store at the Parkesburg Shopping Center in Parkesburg, Pa. CVS purchased the business of the location’s previous occupant, Longenecker Pharmacy, an independent, family-owned chain.

The 56,652-sq.-ft. development is exclusively leased and managed by Levin management www.levinmgt.com. The center serves a population of more than 34,600 people within a five-mile radius. Average household income is more than $67,500. Daily traffic count is about 23,800 vehicles.

New York – The long-running legal dispute over whether J.C. Penney has the right to sell Martha Stewart Living products appears to be nearing a conclusion. The Wall Street Journal reports that lawyers for Macy’s, which is suing Martha Stewart Living Omnimedia alleging a breach of contract giving Macy’s exclusive rights to sell Martha Stewart Living, Martha Stewart Living Omnimedia, and Penney, which may face fines and/or a ban on selling Martha Stewart Living products, all gave closing arguments in New York State Supreme Court yesterday.

Dallas — CBRE’s National Retail Investment Group www.cbre.com has arranged the sale of Cottonwood Commons on behalf of Columbus Pacific Properties www.columbuspacific.com. The 191,893-sq.-ft. Class A retail center in Albuquerque sold to Cole Real Estate Investments www.colecapital.com.

Lakeland, Fla. -- Publix Super Markets on Friday announced it will enter the Asheville and Cary markets in North Carolina.

The supermarket operator will open a 49,000-sq.-ft store in Asheville, complete with a drive-thru pharmacy, in 2015.

The 49,000-sq.-ft. Cary store is tentatively planned for late 2014.
Publix previously announced its first three North Carolina locations, opening one in Ballantyne in early 2014 and two in the greater Charlotte area, which is slated for a late 2014 opening date.

Woonsocket, RI – CVS Caremark Corporation has reached an agreement in principle to pay a fine of USD $20 million to resolve an investigation by the Securities and Exchange Commission (SEC) into certain public disclosures, securities transactions and aspects of the purchase accounting adjustment related to the October 2008 Longs Drug Stores acquisition the company made during the third and fourth quarters of 2009.