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Strategy

  • Jones Lang LaSalle names team to expand services in New York

    Atlanta -- Jones Lang LaSalle announced it has hired Paul Berkman, Craig Slosberg, Davie Berke and Justin Haber in New York. The retail brokers will head the expansion of the firm’s retail tenant representation services in Manhattan.

  • NewMark Merrill announces mall purchase and six management contracts

    Woodland Hills, Calif. -- NewMark Merrill Cos. has announced the acquisition of Twin Peaks Mall in Boulder, Colo., as well as six new property management contracts totaling more than one million sq. ft.

    The new property management assignments include six California centers: Simi Valley Town Center, Lancaster Plaza, Visalia Center, Topanga Willows, Paseo Marketplace in Thousand Oaks, and Page Plaza in Hemet.

  • Nordstrom marketing exec named chief merchant for HSN

    St. Petersburg, Fla. -- HSN announced Thursday that it has appointed Nordstrom chief marketing officer Anne Martin-Vachon as its new chief merchant.

    Effective May 14, Martin-Vachon’s will assume the position of chief merchandising officer for the multichannel retailer, charged with overseeing HSN's merchandising and planning teams. She will report directly to Mindy Grossman, CEO.

  • Lowe's announces executive promotions, newly created positions

    Mooresville, N.C. -- Lowe's Cos. Inc. said Thursday it has promoted two of its executives to newly created positions.

    Effective May 5, current executive VP business development Gregory Bridgeford been named chief customer officer. Rick Damron, executive VP store operations, has been named COO.
     

  • One area where Amazon.com doesn’t have an advantage

    Walmart and other retailers have fought unsuccessfully for years to level the e-commerce playing field in the United States by requiring Amazon.com and other online-only merchants to collect sales tax. Doing so would eliminate the Internet pure play retailers’ most significant competitive advantage, and for a glimpse of just how significant that would be, look no further than Canada.

  • Report: Consumer confidence rises to match four-year high

    New York -- A report released Thursday by Bloomberg showed that household confidence improved last week to match the highest level in four years. 

    The Bloomberg Consumer Comfort Index was minus 31.4 in the period ended April 15, compared with minus 32.8 over the previous seven days. The reading equaled that from two weeks earlier as the best since March 2008.

    Despite the strong showing, the monthly expectations measure fell from a one-year high, showing ongoing concerns that too many Americans are still unemployed.

  • Alamo Drafthouse Cinema to open first Manhattan location

    New York City -- Charter Realty & Development announced it has leased 15,000 sq. ft. for a five-screen Alamo Drafthouse Cinema in Manhattan.

    The location, 2626 Broadway, is in the upper west side and is owned by Bialek and Associates of Manhattan. Alamo will be occupying the former Metro Theater and intends on renovating it back to its former glory. The deal represents Alamo Drafthouse Cinema’s first entry into New York City and the company is looking for further growth opportunities in the market.

  • Planet Fitness to open at Meadowbrook Mall

    Bridgeport, W.Va. -- Youngstown, Ohio-based Cafaro Co. announced that Planet Fitness will open a new gym at the company’s Meadowbrook Mall, located in Bridgeport, W.Va.

    The 23,000-sq.-ft. facility is slated to open in September, in a space currently occupied by High Point Furniture.

    The Meadowbrook Mall Complex, at nearly one million sq. ft., is anchored by Elder-Beerman, J.C. Penney, Target, Sears and Marshalls.
     

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