Strategy

Salisbury, N.C. -- Grocery parent Delhaize said Friday it has named former Wendy’s and Arby’s CEO Roland Smith as president and CEO of Delhaize America and executive VP of Delhaize Group. Smith succeeds retiring CEO Ronald C. Hodge, effective Oct. 15.

Hodge will continue to serve the company in an advisory capacity.

Delhaize America operates supermarkets under the Food Lion, Hannaford and Sweetbay banners.
 

Norwalk, Conn. -- GE Capital said Friday that it is serving as administrative agent on a $150 million senior secured credit facility to support the combination of Golf Town and Golfsmith, owned by parent company Golfsmith International. 

GE said the credit facility will be used to support working capital and to refinance existing debt.
 
"GE Capital structured the financing that will enable us to make … our ongoing operations a success," said Sue Gove, president and COO of Golfsmith International. 

Woodland Hills, Calif. -- LandMark Retail Group said it has completed the development of two CVS/Pharmacy stores in California – in Bakersfield and Palmdale.

The Bakersfield store will be located in the newly developed Grand Island Village Shopping Center, a 90,000-sq.-ft. neighborhood center home to Chevron, Republic Bank and other small tenants.

The Palmdale store is located in a Vallarta-anchored neighborhood shopping center and offers a drive-thru pharmacy.

Conshohocken, Pa. -- Pet Supplies Plus has signed leases for three new stores in the Delaware Valley, totaling more than 26,000 sq. ft.

An 8,700-sq.-ft. store will open at Greentree Square Shopping Center in Marlton, N.J.; a 9,800-sq.-ft. store will open at Doylestown Pointe in Doylestown, Pa.; and a7,650-sq.-ft. location will open at The Shops at Blue Bell in Blue Bell, Pa.

All three stores are slated to open prior to year’s end.

Lynnwood, Wash. -- Zumiez Inc. reported Thursday that net income for the quarter ended July 28 slipped to $2.1 million, from $2.6 million in the year-ago period, largely due to costs associated with its acquisition of Blue Tomato.

Revenue surged 20.4% to $135.1 million from $112.2 million, which includes contributions from Blue Tomato. Same-store sales increased 9.5%.

The company said it is on track to open 50 new stores in fiscal 2012, including up to 10 stores in Canada.
 

Baldwin Park, Calif. -- NewMark Merrill Cos. announced that three new tenants have joined Park Plaza on Maine, located in Baldwin Park, Calif., joining Superior Grocers, CVS, O’Reilly Auto Parts, Chase Bank, El Pollo Loco, GNC and Bank of America.

Menchie’s Yogurt signed a five-year lease for a 1,586-sq.-ft. location; LA Eyebrow signed a five-year lease for a 1,220-sq.-ft. space; and Family Dollar signed a lease for the approximately 9,000-sq.-ft. space next door to Superior Grocers.

Wilmington, N.C.  -- Brixmor Property Group said that Rent-A-Center recently expanded from 3,200 sq. ft. to 4,800 sq. ft. at University Commons, located in Wilmington, N.C.

Brixmor, based in New York City, is the owner of University Commons.

Boston -- CBRE/Grossman Retail Advisors said that Nordstrom will open a new Nordstrom Rack at The Newbry in Boston’s Back Bay neighborhood, further expanding its presence in the Boston market to four full-line stores and four Nordstrom Racks.

The approximately 38,000-sq.-ft., two-level store is scheduled to open spring 2013.
 

Dallas -- SRS Real Estate Partners said that Scott Tiernan has joined the company as VP in the Atlanta office.

Tiernan is charged with helping single-tenant building retailers and restaurateurs expand through leveraging the capabilities of SRS and Cypress Equities. Tiernan previously worked for O'Leary Partners in Atlanta.


 

Plymouth Meeting, Pa. -- Fameco Real Estate announced that it has hired three new salespeople and has expanded its property management group with the hire of a new property management accountant and several internal moves to better support its growth.