Strategy

Rumors that Target would open in San Francisco’s Metreon center have now been confirmed: Terranomics announced it has brokered a signed lease for Target to open in the Wesfield-owned center.

The lease for 99,677 sq. ft. was only just officially signed, San Francisco Business Times reported. The Metreon will soon begin construction on a multi-million dollar remodel that will make room for Target, and will recreate the ground level as a food collection of Bay Area restaurant concepts.

By Jeff Weidauer, jweidauer_@_vestcom.com

One of the drawbacks of today’s connected global economy is the pervasive homogeneity in nearly everything. One can visit any state -- indeed, nearly any country -- and see many of the same stores and restaurants offering the same products.

New York City -- Women’s fashion apparel retailer Francesca's Holdings Corp. filed for up to an estimated $150 million to be raised in an initial public offering.

The company has about $41.4 million in proceeds from the offering earmarked toward repaying a senior secured credit facility, Dow Jones Newswires reported. Remaining funds may be used for opening new stores and growing its e-commerce business.

For the year ended Jan. 29, Francesca's same-store sales climbed 15% on top of a 9.8% increase a year earlier.

CINCINNATI — Kroger is the latest retailer to join the Diabetes Prevention and Control Alliance as a partner.

The supermarket conglomerate will implement the DPCA's Diabetes Control Program, which is designed to help patients gain better control of their condition, at select store pharmacies, including stores in the Cincinnati, Columbus and Dayton, Ohio, markets, and will offer the program in Atlanta, Dallas, Houston and Las Vegas later this year.

Rose Paving Co., a leader in national parking lot management, has been selected once again as one of the "2011 Best Places to Work in Illinois."

This workplace analysis and competition began in 2006 and is promoted by The Daily Herald Business Ledger in partnership with the Human Resources Management Association of Chicago (HRMAC), the Society for Human Resource Management (SHRM) – Illinois State Council, the Workforce Boards of Metropolitan Chicago, and managed by Best Companies Group.  

Secaucus, N.J. -- The Children's Place Retail Stores said Tuesday that its customer email address database, which is stored at an external email service provider, was accessed by an unauthorized third party.

According to the provider, email addresses were accessed and no other personal information was obtained.

The Children's Place said it is notifying its customers and has launched an investigation.
 

Anaheim, Calif. -- Pacific Sunwear of California announced that Michael Kaplan will join the company as senior VP and CFO, effective May 2. He will be replacing Mike Henry who became interim CFO in November 2007 and was named CFO in January 2008.

Most recently, Kaplan was CFO of Harbor Freight Tools, a 349-store retailer of proprietary branded tools. Prior to joining Harbor Freight Tools in 2010, he was a senior executive of Gap Inc. from 2005 to 2010.

The multichannel capabilities of Toys “R” Us were enhanced this week when the company announced plans to open a new online fulfillment center near Reno, Nev., that will allow for more timely shipment of West coast customers’ online orders.