Strategy

Minneapolis -- Another Target store is coming to downtown Chicago as the retailer disclosed it would open a small-format store under the new CityTarget banner in the Sullivan Center development at South State Street and Madison.

Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Bubby’s Brisket, a new concept to South Jersey, is now open at Moorestown Mall, located in Moorestown, N.J.

The 1,017-sq.-ft. eatery is positioned in Moorestown Mall’s Food Court.
 

New York City -- Months after a voter initiative to abolish North Dakota's strict restrictions on pharmacy ownership foundered, the long-running debate resumed Tuesday in the state’s legislature, the Associated Press reported.

North Dakota is the only state in the nation that requires pharmacists to have majority ownership of most pharmacies. The law prevents major retailers, such as Wal-Mart Stores, from operating pharmacies in their own stores.

Dallas -- PeopleAnswers and Regis Corp. have announced a software licensing agreement for Regis to use PeopleAnswers as its new talent assessment software for selecting and hiring salon stylists and managers. The expected results are decreased turnover, increased customer visits and sales as well as lower operating costs.

Addison, Texas -- Coyote Management, L.P. said that Jim Adkins has joined its management team as the new senior leasing specialist.

Adkins will office at Lakeshore Mall in Gainesville, Ga.

Before joining Coyote Management, Adkins was VP retail leasing for Bull Realty.

NEW YORK -- The Jones Group Inc. announced that it has appointed Sally Ross EVP merchandising for Nine West Direct, effective immediately. Ross' focus will be on leading the merchandise initiatives for Nine West Retail, Nine West Outlet and NineWest.com, and she will report directly to Ron Offir, President, Jones Direct Group, the company reported.

Santa Monica, Calif. -- Real estate broker Scott P. Lifschultz announced he has formed SPL Realty Partners, a retail real estate brokerage and consulting company.

Current clients include CVS/pharmacy, Dean & Deluca, LandMark Retail Group, Johnny Was, Casual Male Retail Group and Destination XL. Based in Santa Monica, Calif., the company’s services include tenant representation, strategic planning, site selection, transaction management, owner representation, leasing & marketing, consulting and investment sales.

New York City -- Only 7% of executives believe their companies are extremely or very prepared to comply with new lease accounting standards proposed by the Financial Accounting Standards Board (FASB), according to a recent Deloitte survey.