Strategy

Boise, Idaho-based discount grocer WinCo Foods will develop a new ground-up 82,077-sq.-ft. anchor store at Trinity Valley Shopping Center in Carrollton, Texas.

The new WinCo will be developed at the site of a former Target anchor store at the center. Following the closure, the ownership of the center, Josey Trinity Mills Ltd., acquired the vacant building in October 2015. The site will be demolished starting around April 2016, and the newly developed WinCo is scheduled to open in early 2017.

Los Angeles -- CBRE Group announced that Mark Hunter has joined the company as managing director of retail asset services, the Americas. Hunter will assist CBRE in expanding its industry services for third party management of retail properties further into the mall sector. He will lead CBRE’s offering of services such as asset management, leasing, accounting, consumer marketing and development for malls generally exceeding 500,000 sq. ft.

The losses are mounting at one of New York City’s most beloved supermarket chains, the 80-year-old Fairway Market, as it battles increased competition from the likes of Trader Joe’s and Whole Foods Market. Fairway Group Holdings Corp., is on the cusp of default, and the next step could be bankruptcy court, Crain’s New York reported. The company warned investors in a regulatory filing on Feb. 5 that it could breach its loan agreements.

Demand for shares of Ollie’s Bargain Outlet is such that the retailer has increased the size of a secondary offering.

Bebe stores has brought back its founder and former CEO to lead a turnaround effort that includes a 15% reduction in its corporate workforce.

The troubled retailer announced that founder Manny Mashouf has rejoined its management team as CEO, replacing Jim Wiggett, who was hired less than two years ago. Mashouf previously served as CEO from the company’s founding in 1976 to 2004, and then again from 2009 until the beginning of 2013, when he stepped down and became non-executive chairman.

One of the senior executives at Cabela’s is transitioning to an advisory role within the company.

The sporting goods retailer announced that Michael Copeland, executive VP/COO, has decided to transition from his current position to a strategic advisory role. The transition will take place over the next month.

Copeland joined Cabela’s in November 2007 as VP of retail operations. Since January 2010 he has served as Cabela’s COO.

Photo: Matthew Tice (left) and Mark Cosenza (right)

Oklahoma City -- GBT Realty Corp. announced the acquisition of 30 acres in Oklahoma City, Oklahoma. The site was purchased in January for $2.95 million. The company broke ground on development of the first phase of the $50 million The Market at Czech Hall, a 450,000-sq. ft. regional neighborhood center last week.

Phase one includes the construction of 180,000-sq. ft. of retail, along with seven outparcels. The first tenant expected to open fall 2016.