Trading Partners

Sears Holding Corp. is looking to raise more than $2.5 billion by selling its stores to a real estate investment trust.

The REIT, called Seritage Growth Properties, will purchase 254 Sears and Kmart stores for more than $2.5 billion and then lease back the Sears and Kmart stores to Sears Holdings. Seritage will partially fund the transaction through a public rights offering.

John A. Bryant, chairman, president and CEO of Kellogg Co., has been elected to the Macy’s Inc. board of directors.

Cincinnati – John A. Bryant, chairman, president and CEO of Kellogg Co., has been elected to the Macy’s Inc. board of directors. Bryant, 49, became chairman of the board of Kellogg Co. in July 2014 after serving since January 2011 as president and CEO.

He has been a member of Kellogg’s board of directors since 2010. Prior to becoming CEO, Bryant held a variety of key senior leadership roles, including chief financial officer, president of Kellogg North America, president of Kellogg International and COO.

In a break from tradition, Walmart is hosting an investor meeting in New York on April 1 with the new team of top executives who are driving the latest round of changes at the retailer’s U.S. business.

A 90 minutes session scheduled to begin at 10 a.m. EST on April 1 at the New York Stock Exchange will be hosted by Walmart U.S. President and CEO Greg Foran.

Walmart recognized multimodal logistics provider C.H. Robinson with the retailer’s first-ever award for third party logistics providers.

C.H. Robinson said it received the Third Party Logistical (3PL) Carrier of the Year award for 2014 due to contributions for outstanding service, effective communication and providing solutions and innovations in a changing industry.

Robert “Bob” Piccinini, the longtime chairman of Save Mart Supermarkets, has died. He was 73.

In a statement, the company said that Bob was most passionate about two things: his family and his company. He purchased Save Mart from the Piccinini and Tocco families in 1985 after working his way up through the ranks as a box boy, truck driver, store manager, vice president of real estate and on to president and CEO.

The Army and Air Force Exchange Service (AAFES) recently conducted a first-of-its-kind initiative designed to simplify the process of selling to the major retailer.

Working with the American Logistics Association, AAFES participated in the trade group’s 2015 Exchange Impact Workshop in Dallas. Led by AAFES Chief Merchandising Officer Ana Middleton, she and more than 50 AAFES representatives detailed the Exchanges’ go to market strategy to an audience comprised of manufacturers, brokers, distributors, and service providers.

Pittsburgh -- American Eagle Outfitters is expanding its global retail presence with a series of licensed stores throughout Chile and Peru, building on existing growth markets throughout the region, including Colombia, Panama and the Caribbean, as well as company owned stores in Mexico.

The company has signed a multi-year license agreement with Eurofashion Limitada, a leading Chilean company and division of the Cencosud S.A. Group specialized in developing national and international fashion brands.