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Strategy

  • Scott & Goble Architects renamed SGA Design Group

    Tulsa, Okla. -- Scott & Goble Architects said Friday that it has been renamed SGA Design Group, effective immediately.

    The firm operates offices in Bentonville, Ark., Berkley, Calif., and Los Angeles, in addition to its Tulsa headquarters.

    Clients include Walmart, Kohl’s, Lowe’s, Sports Authority and Hobby Lobby.
     

  • Forest City Ratner names retail group exec

    New York City -- Forest City Ratner Cos. announced that Kathryn Welch has been named retail group senior VP.

    With 26 years of collective experience working with both New York City-based FCRC and its Cleveland-based corporate parent Forest City Enterprises, Welch now will assume oversight of all of FCRC’s retail projects. This includes retail properties under development as well as the company’s entire retail operating portfolio in the New York Metropolitan area.

  • Jones Lang LaSalle to lease and manage Regency Square Mall

    Richmond, Va. -- Atlanta-based Jones Lang LaSalle said Thursday that it has been selected as the property and leasing manager for Regency Square Mall, an 820,000-sq.-ft. regional shopping center located in Richmond, Va.

    Jones Lang LaSalle will work with the current Taubman management team for a one-month transition period.

  • DDR to facilitate opening of five new Five Below stores in Atlanta

    Beachwood, Ohio -- DDR Corp. announced Friday new Five Below stores in consolidated small shop and downsized junior anchor locations at five Atlanta-area shopping centers.

    DDR said the new locations represent the continuation of efforts to strategically reduce small-shop space as well as rightsize junior anchors and re-lease the residual space at attractive market rents. At the locations where Five Below will be occupying downsized space, DDR will realize rental increases of nearly 50%.

  • CEO of Claire’s Stores steps down

    Chicago -- Claire’s Stores announced that Eugene S. Kahn has resigned. Kahn has served in the position since the company went private in 2007 in a $3.1 billion takeover by private-equity firm Apollo Management LP.

    While the board will conduct a search for internal and external candidates, Claire's Stores President James G. Conroy and Jay Friedman, president of Claire's North American Division, will immediately form an interim office of the CEO.

  • Family Dollar Q1 profit up 8%, revenue misses Street

    Matthews, N.C. -- Family Dollar Stores Inc. reported Thursday that its first quarter profit rose 8% to $80.4 million, compared with $74.3 million in the year-ago period.

    Sales for the period ended Nov. 26, 2011, rose to $2.15 billion from $2 billion in the year-ago period, missing Wall Street’s expected $2.17 billion in revenue. Same-store sales rose 4.1%.

  • Target announces first 24 stores in Ontario

    Minneapolis -- Target Corp.’s plan to open 125-135 stores in Canada is rapidly taking shape, as the retailer has released the locations of its first 24 stores in the country.

    As previously announced, Target purchased the leasehold interests of 189 sites currently operated by Zellers Inc.

    The majority of Target’s initial two dozen stores will open in early 2013, and include four locations in Toronto (Centrepoint Mall, Cloverdale Mall, Shoppers World Danforth and East York Town Centre).

  • American Eagle launches global agency review

    Pittsburgh -- American Eagle Outfitters said Friday that it has begun a search for a marketing communications agency partner or partners.

    The scope of services, according to the retailer, will include traditional and digital media strategy, planning and execution, as well as collaboration in creative development for its American Eagle Outfitters, Aerie and 77kids brands in North America and internationally.

    “Hiring an agency is a natural evolution in the growth of the AEO family of brands,” said Michael Leedy, CMO.

  • Fresh Market names COO

    Greensboro, N.C. -- The Fresh Market said Thursday it has promoted Sean Crane to executive VP and COO, reporting directly to Craig Carlock, president and CEO.

    Crane was previously senior VP store operations. In his new role, he will lead store operations, merchandising and marketing functions.
     

  • Name and shame is new supply chain game

    In October of 2007, the U.K. newspaper, the Observer, reported that child workers, some as young as 10, were discovered working in an Indian textile factory in slave-like conditions to produce clothes for Gap Kids.  

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