Corporate Governance

The DNA of Altar’d State is based on delivering a distinctive store experience and merchandise offerings, while always “standing out for good” in the world.  

The struggles — and exits — of former rivals has proved a boon for Dick’s Sporting Goods, which reported fourth quarter sales and earnings on Tuesday that beat the Street.       The company also announced aggressive store expansion plans.   

Thanks to a new partnership, shoppers once again can purchase Eva Longoria-designed apparel.  

Lands’ End has a new person at the top.   Jerome Griffith has officially taken the reins as CEO of the company, and also joined the board of directors. He succeeds Joseph Boitano and James Gooch, who have served as co-interim CEOs since September 2016, when CEO Federica Marchionni was forced out after less than two years amid an ongoing sales slump.  

Indianapolis-based Hhgregg has filed for bankruptcy.    The move came just days after the struggling chain announced a big wave of store closings.    In a statement, Hhgregg said it has reached an agreement with an anonymous party to purchase its assets, which will allow the company to exit Chapter 11 debt free “with significant improvement in liquidity for the future stability of the business.” Terms of the agreement were not disclosed.   

Brixmor Property Group has purchased Arborland Center, a 404,000-sq.-ft. center in Ann Arbor, Michigan, for $102 million. The center is anchored by Kroger and Nordstrom Rack and is situated between the University of Michigan and Eastern Michigan University.

Brixmor Property Group has purchased Arborland Center, a 404,000-sq.-ft. center in Ann Arbor, Michigan, for $102 million. The center is anchored by Kroger and Nordstrom Rack and is situated between the University of Michigan and Eastern Michigan University.  

CBRE made known its intent to make an aggressive push in San Francisco with its December hire of Matt Kircher, a veteran of Terranomics with more than 20 years of leasing experience in Northern California. This week CBRE filled out the new director of leasing’s executive staff.   Joining Kircher are first vice presidents Jessica Birmingham, Annie Prupas, and Katie Singer; vice president Drew Greenspan; associate broker Meaghan Haley; senior GIS specialist Gary Palubicki; and client services coordinator Andrea Chavez.

A value-oriented regional department store chain could be the latest retail casualty.   Gordmans Stores Inc. is preparing to file for bankruptcy, Bloomberg reported, saying the filing could occur as soon as this month.    Founded in 1915, the Omaha-based retailer operates 106 stores in 22 states.  

KAI Total Pavement Management was recognized with Best Parking Lot Pavement Project award at the 2017 National Pavement Expo awards ceremony.   KAI Total Pavement Management received the award for the parking improvements project at the Target store in Kalispell, Montana.