Strategy

Chicago -- Jones Lang LaSalle announced Wednesday that it has launched an iPad app prototype for its retail leasing team to support the 98 million-sq.-ft. nationwide retail portfolio it manages. 

Bentonville, Ark. -- According to a Request for Information released Tuesday and reported by Kaiser Health News, Walmart is in the process of piecing together a comprehensive low-cost primary care healthcare platform.

Seattle -- Online jewelry retailer Blue Nile announced that CEO Diane Irvine has resigned from the company, effective Nov. 11.

Vijay Talwar, senior VP and general manager of international, has been appointed interim CEO. During the transition period, chairman Mark Vadon will take an active role in the leadership of the company, working closely with Talwar. Vadon will also lead the search for a permanent CEO.
 

Buffalo, N.Y. -- New Era announced it will open its 10th flagship, in the heart of downtown Chicago. The two-level, 4,500-sq.-ft. store, New Era's largest location to date, will sell licensed and New Era branded headwear, apparel and accessories for men, women and kids. The brand is best known for being the official on-field cap for Major League Baseball.

Deborah White was named EVP and general counsel at the Retail Industry Leaders Association to help the trade association's members cope with an increasingly challenging regulatory climate.

Secaucus, N.J. -- Syms Corp. said that its stock will be delisted as of November 15, 2011 and that Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the company’s securities from listing and registration on the Nasdaq.

This decision by Nasdaq comes following Syms announcement on November 2, 2011 that it and its subsidiaries filed petitions for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
 

Sidney, Neb. -- Cabela’s Inc. announced the signing of a new credit facility with a consortium of financial institutions led by U.S. Bank.

The new $415 million, five-year credit facility replaces Cabela’s existing $350 million, five-year agreement signed in 2007. Additionally, the new facility may be increased to $500 million subject to certain terms and conditions.

New York City -- Target Corp. is building a distribution center in Denton, Texas, the Dallas Business Journal reported.

The 360,000-sq.-ft. center is expected to open in March 2013.