Strategy

Chicago -- Urban Retail Properties LLC said it has been awarded the contract by Five Mile Capital Partners LLC to provide management and leasing services for Shawnee Mall located in Shawnee, Okla., and Brazos Mall in Lake Jackson, Texas, effective immediately.

Shawnee Mall is a one-level enclosed regional shopping center anchored by Dillard’s, Sears and J.C. Penney. The tenant line-up includes a newly remodeled Jones Theatres Movies Six, Old Navy, Ross Dress For Less, Buffalo Wild Wings and over 70 specialty stores.

CINCINNATI -- Procter & Gamble announced that Keith Harrison, global product supply officer, will retire effective Sept. 1, after more than 41 years of service.  Until his retirement, Harrison will serve as officer on special assignment, reporting to Bob McDonald, chairman of the board, president and CEO.

The company announced that Yannis Skoufalos currently VP product supply, global operations, has been elected global product supply officer, succeeding Harrison effective July 1.

Union, N.Y. -- North Plainfield, N.J.-based Levin Management Corp. said that Ollie’s Bargain Outlet has leased 29,423 sq. ft. at the River Plaza shopping center in Union, N.Y.

The Mid-Atlantic’s largest retailer of closeout, surplus and salvage merchandise, Ollie’s will open at the 177,871-sq.-ft., Home-Depot-anchored property in September of this year – filling a key anchor vacancy.

JACKSONVILLE, Fla. -- Stein Mart announced that net income for the fourth quarter was $18.8 million or 42 cents per diluted share compared with net income of $2.7 million or 6 cents per diluted share in 2009. Excluding the impact of a favorably tax benefit, fourth-quarter net income increased to $14.6 million or 32 cents per diluted share compared with $8.7 million or 19 cents per diluted share in 2009.

For the year, net income was $48.8 million or $1.08 per diluted share compared to net income of $23.6 million or 54 cents per diluted share in 2009. 

Laval, QC -- Canadian c-store operator Alimentation Couche-Tard reported Thursday that net income for its fiscal third quarter rose 29.6% to $71 million, compared with $54.8 million in the year-ago period.

Revenues rose 13.7% to $5.6 billion. Same-store merchandise sales were up 3.9% in the United States and 0.4% in Canada.
 
Alimentation Couche-Tard operates a network of 5,874 convenience stores in the United States and Canada.

Washington, D.C. -- A Wednesday report by Bloomberg said that Wal-Mart Watch, a union-funded group that advocates for Wal-Mart Stores workers, said Justice Antonin Scalia should disqualify himself when the U.S. Supreme Court considers the company’s bid to derail a gender-bias suit on behalf of potentially one million employees.

Houston -- The Men's Wearhouse reported Wednesday a loss of $14.1 million for the quarter ended Jan. 29, narrowed from a loss of $18.8 million in the year-ago period.

The retailer, which sells suits and rents tuxedos, offered a 2011 forecast of adjusted profit that would beat Wall Street projections.

Revenue increased 18.6% to $542.1 million. Same-store sales rose 4.3% on strong tuxedo-rental revenue.

Atlanta -- The Hudson's Bay Co., based in Toronto, Ontario, said it has selected Warehouse Management from Manhattan Associates to help raise productivity within its distribution centers.

The retailer also selected solutions from Manhattan’s Transportation Lifecycle Management suite to streamline transportation processes for HBC across Canada, as well as for Lord & Taylor across the United States.