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Strategy

  • CBRE-Grossman to lease Mohegan Sun in Palmer, Mass.

    Boston -- Finard Properties has appointed CBRE-Grossman Retail Advisors as the exclusive leasing agent for the retail, restaurant and entertainment component of the proposed Mohegan Sun Massachusetts destination resort casino in Palmer, Mass.

    The $1 billion project will feature two hotels, an aqua entertainment park, casino gaming and branded retail stores and restaurants.

  • HIT acquisition, Barbie sales dip affect Mattel’s Q2

    EL SEGUNDO, Calif. — Mattel reported net income of $73.3 million for the second quarter ended June 30, a 23% decrease from $96.2 million for the same period last year. 

    The dip in profits reflects, in part, investments the company has made, such as its acquisition of HIT Entertainment, as it positions itself for future growth, according to chairman and CEO Bryan G. Stockton.

  • Gap same-store sales beat expectations

    San Francisco – Gap Inc. substantially improved upon its June 2012 same-store sales performance and beat analyst expectation with a 7% increase in same-store sales last month. In comparison, the retailer’s same-store sales were flat in June of last year and were only expected to rise 4.7% in June of this year, according to estimates from Retail Metrics.

    Sales at Gap’s Old Navy helped drive the overall increase. Same-store sales at Old Navy rose 13% in June as a result of seasonal summer promotions.

     

  • J.B. Hunt keeps rolling, but trucks stall

    Increased shipping volumes and moderating fuel prices helped J.B. Hunt Transport Services grow second quarter sales 10.1% to nearly $1.4 billion while profits disappointed slightly.

    Profits for the period ended June 30 increased to $87.7 million, or 73 cents a share, compared to $80.5 million, or 67 cents a share, during the comparable period the prior year. Earnings per share were a penny less than analysts’ forecast and operating margins contracted to 10.7% from 10.9%.

  • Big Lots’ chief merchant to retire

    Columbus, Ohio – John C. Martin, executive VP and chief merchandising officer of Big Lots Inc., intends to retire his position with the company. Martin will continue in his current capacity until his successor is appointed, and he has committed to provide guidance through May 2014.

    Big Lots has retained SpencerStuart to conduct a search of external candidates to succeed Martin.

  • Cold weather chills Coca-Cola’s Q2

    ATLANTA — Coca-Cola says slow economies in Europe, Asia and Latin America and cold weather conditions across multiple regions affected consumer spending as well as its overall nonalcoholic ready-to-drink beverage performance. 

  • Walgreens names Lelinski corporate VP

    Deerfield Park, Ill. -- Walgreens has named Mark Lelinski as its new corporate VP, market access. Lelinski will be responsible for contracting and pricing strategies, integration efforts across Walgreens pharmacy, health and wellness division, sales and account management, and developing the company’s managed market strategies.

  • WAG appoints former pharma exec corporate VP, market access

    DEERFIELD Ill. — Walgreens has appointed Mark Lelinski as the company’s corporate VP, market access.

    Lelinski will be responsible for contracting and pricing strategies; the integration efforts across Walgreens pharmacy, health and wellness division; overseeing sales and account management; and managing the continued evolution of the company’s managed market strategies.  

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