Trading Partners

Amid ongoing pressure from investors to maximize the value of its real estate holdings, Macy’s has appointed Douglas W. Sesler as executive VP for real estate, effective April 5.

There are going to be a lot of happy chickens roaming free in the coming years as retailer after retailer establish dates by which they will offer only cage-free eggs.

Meijer and Supervalu recently announced plans to source only cage-free eggs by 2025, joining Delhaize and Albertson’s who earlier this year set 2025 as their cage-free deadline. Ahold USA earlier this year also indicated it would be cage-free by 2022. Walmart and Costco have also announced cage-free commitments as have some major food suppliers such as Nestle.

For many business owners, the ongoing feud for control of the Republican Party has largely come, unfortunately, at their expense.

Over the last 10 years or so we have witnessed the balance of power within the party shift from economic conservatives and the business community - to social conservatives and the interest groups that serve them. I have labeled this fight as one between the "suits" and the "boots." Over the last two election cycles, the boots have clearly demonstrated that they are in charge.

If the major suppliers of soft goods such as clothing and accessories to retail stores are a bellwether of the economy, then the coming months are looking to provide a jolt as 75% of these suppliers expect retail sales to significantly outpace the gross domestic product for the spring and summer shopping season.

That’s one of the major findings of a new survey conducted by Capital Business Credit.

Philadelphia -- CBRE Group announced that Steven H. Gartner has been appointed to managing director of retail for the Greater Pennsylvania Region. Gartner will lead CBRE’s retail brokerage platform throughout the region, driving growth and creating a cohesive and collaborative service offering for retail clients, as well as continue to actively maintain strategic client relationships both in Philadelphia and across the country.

Mall owner Westfield Corp. has acquired two buildings owned by Macy’s at Westfield Mission Valley mall in San Diego for approximately $16.5 million.

Included in the sale were a full-line Macy’s department store and a nearby — and much smaller — building that houses a restaurant.

The purchase comes as the retailer remains under pressure from an activist investor to sell off full or partial stakes in some of its real estate.

The National Retail Federation is pressing for a further reduction in per transaction fee banks charge retailers when customers use debit cards five years after the Federal Reserve cut the fee in half.

In a letter the National Retail Federation sent to the Federal Reserve the trade group said the cap on debit card swipe fees enacted by the Federal Reserve five years ago has helped reduce costs for retailers and consumers but is still higher than intended by Congress and should be lowered.