Strategy

Brooklyn, N.Y. -- Charter Realty & Development said it has leased 43,842 sq. ft. for an Alamo Drafthouse Cinema at the City Point Development in Brooklyn, N.Y.

Alamo Drafthouse Cinema features an upscale theater-restaurant combination. City Point will have seven screens of new releases, repertory programming and the Alamo’s signature programming with seating for over 900 moviegoers.
 

Riverside, Calif. -- Chicago-based General Growth Properties announced it has named Jim Fuson as the new general manager for Galleria at Tyler, located in Riverside, Calif.

Effective September 2012, Fuson as general manager is responsible for the overall shopping center with primary focus on development, leasing, and increasing the value of the asset.  In addition, he will be overseeing the administration, operations, marketing, business development, capital improvements and the strategic plan developed for the center.
 

Issaquah, Wash. -- Costco Wholesale Corp. reported Wednesday that net income for the quarter ended Nov. 25 rose 30% to $416 million, compared with $320 million in the year-ago period and surpassing analysts’ forecasts.

Sales increased 9.6% to $23.71 billion from $21.2 billion, beating Wall Street’s estimated $22.11 in revenue. Same-store sales increased 6% domestically and 7% internationally, excluding fuel sales and foreign exchange effects.

Washington, D.C. -- A report released Wednesday by Shop.org, a division of the National Retail Federation, found that retailers are in tune with the last-minute shipping intentions of the average consumer.

According to Shop.org’s 2012 eHoliday Study conducted by BIGinsight, 45.7% of retailers will end standard shipping promotions by Monday, Dec. 17, in direct response to the average consumer’s tendency to wait until the last minute to finish holiday shopping.

Cargo volumes at U.S. ports are forecast to increase 3.9% in December following a 5.6% decline in November, according to the monthly Global Port Tracker report compiled by the National Retail Federation and Hackett Associates.

The West coast strike by workers at the ports of Los Angeles and Long Beach negatively affected container volumes in November, but resolution of the strike after eight days meant disruption in December was limited to just two days.

WASHINGTON — Top officials at Johnson & Johnson and the Food and Drug Administration are among those to receive service and leadership awards from the Food and Drug Law Institute. The honorees include Minnie Baylor-Henry, worldwide VP for regulatory affairs at Johnson & Johnson Medical Devices & Diagnostics; John M. Taylor III, counselor to the commissioner, Office of the Commissioner, FDA; Alan Bennett, managing partner of the Ropes & Gray DC office and Thomas O. Henteleff, managing partner of Kleinfeld, Kaplan and Becker.

NEW YORK — In an era of increasingly complex global supply chains and product safety concerns, Deloitte and Decernis have formed a strategic alliance to provide compliance solutions to consumer product, food service, retail and distribution companies.

The alliance combines Deloitte's food safety, quality and supply chain experience and the software platform and content provided by Decernis for tracking and alerting consumer businesses about compliance issues.

EL SEGUNDO, Calif. — Former Estee Lauder executive Suzanne Dawson has joined high-end skincare brand Murad as its new CMO. Dawson will oversee all global marketing, including brand development, advertising, public relations, creative and education for products, services and new market opportunities. She will report to GM Richard Murad.

Goodlettsville, Tenn. -- Dollar General Corp. on Tuesday posted a bigger-than-expected increase in quarterly profit and total sales in line with Wall Street expectations. But the chain said it remained cautious about the rest of the year, amid heightened pricing competition and

Dollar General said it plans to open approximately 635 stores in fiscal 2013, including some 20 Dollar General Market stores and 40 Dollar General Plus stores. The company also plans to remodel or relocate a total of approximately 550 stores.

We’ve all seen the footage that’s become an annual ritual for media outlets reporting on Black Friday: long lines, stampeding crowds and frantic shoppers. But the real drama is how stores fare once the dust settles, and this year was no exception. The length of the lines isn’t the ultimate Black Friday metric; it’s the bottom lines for retailers around the country that tell the tale.