Strategy

Peoria, Ill. -- Cullinan Properties, Ltd. has promoted Scott Bishop to VP of Asset Management, responsible for overseeing all aspects of property operations for the company, including supervision of both in-house personnel and third-party firms. Bishop will also coordinate leasing, marketing and tenant construction-related activities for the managed properties.

Tewksbury, Mass. – A group of Market Basket employees known as “Save Market Basket” have threatened to walk off the job as of 4:30 p.m. ET on July 17 if former CEO Arthur T. Demoulas is not reinstated. Demoulas had been waging a public battle with his cousin Arthur S. Demoulas, a stakeholder and director of the company, about finances when he was fired by Market Basket operator Demoulas Super Markets Inc. in June.

Redmond, Wash. - Microsoft Corp. is enacting a restructuring plan to simplify its organization and align the recently acquired Nokia mobile devices and services business with the company’s overall strategy. These steps will result in the elimination of up to 18,000 positions in the next year.

IID, a cybersecurity company that provides the platform to easily exchange cyber threat intelligence between enterprises and governments, has expanded its executive team with the addition of Bob Dunne as VP of sales.

Dunne will oversee IID's global sales team, which is focused on helping support the growing demand for its platform to exchange cyber threat intelligence, ActiveTrust.

Aurora, Ill. — Simon has launched construction of its expansion of Chicago Premium Outlets, adding 50 new stores, including Saks Fifth Avenue Off 5th, and including a comprehensive renovation of the Chicagoland center.

Loveland, Colo. -- Soma opened a new store on July 12 at The Promenade Shops at Centerra, in Loveland, Colorado.

Soma, a division of Chico’s FAS, currently operates 264 boutiques nationwide, as well as its online presence at soma.com.

Profitero, a leading global provider of online insights and e-commerce intelligence for retailers and brands, has appointed Keith Anderson as VP, strategy and insights, as part of its strategy to further expand into North America.

In this newly created role, Anderson will lead the continuous innovation of Profitero's online solutions, helping retailers and brands gain a deeper understanding of their online presence to optimize their online and in-store sales.

Seattle -- Nordstrom announced today plans to open a Nordstrom Rack at The Shops at Knollwood in St. Louis Park, Minnesota. The approximately 33,000-sq.-ft. store is scheduled to open in spring 2015. The property is owned and managed by Rouse Properties Inc.
 
Recently rebranded The Shops at Knollwood, Rouse Properties launched an extensive redevelopment project in an effort to modernize and improve the shopping environment.