Strategy

Dillard’s joins line-up for The Shops at Summerlin
Dallas -- The Howard Hughes Corp. and Dillard’s announced that the department store is the latest anchor to be part of The Shops at Summerlin, in West Las Vegas Valley. Dillard’s will build a two-level, 200,000-sq.-ft. foot in the center, with opening scheduled for fall 2014.
CBRE names Minneapolis head
Los Angeles -- CBRE Group said it has appointed Blake R. Hastings as managing director of its Minneapolis office, effective January 1, 2013.

Hastings succeeds Whit Peyton, who will be stepping down after more than two decades of service.

In his new position, Hastings will be responsible for overseeing all CBRE’s operations in Minnesota.

Inland Private Capital Corp. announces exec promotions

Oak Brook, Ill. -- Inland Private Capital Corp. announced three employee promotions and the hiring of one new employee to the company’s senior management team.

Effective Nov. 13, the company has promoted Keith Lampi to the position of COO and Rahul Sehgal to chief investment officer. Additionally, Joe Binder has been promoted to senior VP acquisitions; Dione McConnell has been appointed VP operations.
DJM Capital Partners to develop retail/hotel project

Huntington Beach, Calif. -- DJM Capital Partners announced that it has acquired about 11 acres from Crescent Heights for the retail and hotel portion of a planned mixed-use development Pacific City.

The company said it plans to develop on the original footprint and with almost 6.5 acres for 191,000 sq. ft. of open-air retail, restaurants and entertainment and four acres for an eight-story hotel.
Lowe’s strengthens appliance position

MOORESVILLE, N.C. – Lowe’s will be adding the LG electronics brand to an already powerful portfolio of appliance brands that includes Frigidaire, Whirlpool, Samsung, KitchenAid, Maytag, Electroluc, GE and Bosch.
Meijer team members contribute $3 million to United Way

GRAND RAPIDS, Mich. — Employees at the Grand Rapids-based retailer Meijer raised $3 million for the 2012 United Way Workforce Campaign for the second year in a row. The workforce campaign aims to improve the lives of those in need by meeting critical needs of the community.
Supervalu says deal not dead yet

The review of strategic alternatives remains ongoing at Supervalu despite reports about discussions breaking down with one prospective investor.
Johnson & Johnson elects new chair as Weldon retires

NEW BRUNSWICK, N.J. — Johnson & Johnson has elected Alex Gorsky as its new chairman, board of directors, effective December 28. Gorsky, who was appointed CEO in April of this year, replaces current chairman Bill Weldon, who was with the company for 41 years.
Pier I Q3 sales up 10.9%; holiday shopping starts strong

Fort Worth, Texas -- Pier I said its total sales increased 10.9% to $425 for the third quarter, ended Nov.15, with comparable-store sales rising 7.9% from the year-ago period.
Kum & Go opens larger store in Wyoming

West Des Moines, Iowa -- C-store operator Kum & Go said Friday it has opened a new store in Gillette, Wyoming. The previous store was razed in July 2012 to make room for the all-new Kum & Go store design.

The nearly 5,000-sq.-ft. store introduces many new features both inside and outside the buildings. Inside, customers will find a larger product selection, a center checkout area with customer-focused staff, and an expanded Go Fresh Market.

Dillard’s joins line-up for The Shops at Summerlin

CBRE names Minneapolis head

Inland Private Capital Corp. announces exec promotions

DJM Capital Partners to develop retail/hotel project

Lowe’s strengthens appliance position

Meijer team members contribute $3 million to United Way

Supervalu says deal not dead yet

Johnson & Johnson elects new chair as Weldon retires

Pier I Q3 sales up 10.9%; holiday shopping starts strong

Kum & Go opens larger store in Wyoming