Strategy

Stamford, Conn. -- GE Capital Retail Bank announced a long-term extension of its agreement with American Eagle Outfitters to continue providing private-label credit card programs for online, mobile app, and store purchases made at any of the 856 American Eagle Outfitter and 115 Aerie locations across the U.S.

As part of the seven-year agreement, GE Capital’s Retail Finance business will continue to manage the American Eagle Outfitters credit card program, which began in 1996.

Michael Manos has joined payments security provider First Data as chief technology officer after holding a similar role at AOL.

In his new role, Manos will be responsible for First Data's global technology infrastructure and reports to company president Guy Chiarello.

Cologne, Germany -- EVO Payments International, a card payment acquirer and payment service provider operating in the U.S., Canada, and Europe, is releasing a new graphical user interface called Clever Pay GUI in Europe. EVO designed this new interface to make payment acceptance for online businesses easier and faster.

Merrimack, N.H. -- Specialty retailer Brookstone Holdings Corp. has filed for Chapter 11 bankruptcy protection, with a plan to sell itself to Spencer Spirit Holdings, owner of the Spencer’s retail chain, for about $147 million. The purchase price comprises $120 million in cash, $7.5 million in new notes and about $18.5 million of assumed liabilities.

Under the agreement with Spencer Spirit, Brookstone would continue to operate its stores in malls and airports, along with its catalog, website and wholesale business, under the Brookstone brand.

Cary, N.C. -- The board of directors of The Pantry Inc. has elected Thomas W. "Tad" Dickson, former chairman and CEO of Harris Teeter Supermarkets Inc., to serve as chairman of the board of directors. He replaces Edwin J. Holman, who was chairman of the board since September 2009.

Fredericton, Canada -- Plaza Retail REIT plans six new Canadian retail projects: four new re-developments and two new ground-up development projects. Four projects are located in Quebec, one in Atlantic Canada and one in Ontario.

In all, Plaza will be investing approximately $24 million for its share of these six new projects and will add approximately 155,000-sq.-ft. to its portfolio of retail properties (at Plaza's ownership percentage). The Ontario project and three Quebec projects are being developed with joint venture partners.

Pittsburgh – Dick’s Sporting Goods opens a relocated store at McCandless Crossing in Pittsburgh on April 13. The original store location at Northway Mall will be closing on April 8 to make way for the new, enhanced McCandless Crossing location.

Oakbrook Terrace, Ill. — Mid-America Real Estate Corp. recently signed Wes Koontz, CCIM, as director of net lease investment sales. He will work in tandem with Kevin Conway, also director of net lease investment sales.