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Corporate Governance

  • Westwood acquires Trader Joe’s center

    Noting that necessity-based have proven to resistant to the pressures of online retailers, Westwood Co-CEO Randy Banchik announced his company’s acquisition of The Arbors at Mallard Creek in Charlotte. Purchase price was $25.1 million.    “This asset boasts a variety of internet resistant tenants, insulating it from factors such as the rise of online shopping,” Blanchik said.  

  • Lidl reveals more U.S. store openings; to build fourth DC

    German discount grocer is expanding its presence and investment in the U.S. — on two fronts.    On the heels of its first 10 stores opening in the U.S., Lidl is expanding with more locations. On July 13, the company will open two stores in Virginia (in Chesapeake and Culpeper) and two in North Carolina (Havelock and Wake Forest).  

  • Specialty retailer exploring options

    Eddie Bauer LLC could be for sale.   The retailer has hired investment banks Guggenheim Partners LLC and Financo LLC to explore strategic alternatives, including a potential sale, Reuters reported. The debt-laden company is seeking relief from a $225 million term loan due in 2020 and $200 million revolving credit line that comes due in 2019, the report said.  

  • Online giant isn't just disrupting retailing

    Amazon is impacting its hometown of Seattle in ways large and small.  

  • U.K. supermarket chain in LED first

    Sainsbury's will become the first supermarket retailer in the United Kingdom whose stores will be lit entirely by LED lighting.   The retailer is partnering with GE's Current division in an extensive lighting upgrade. Current will upgrade 250,000 LED fixtures across more than 450 Sainsbury's stores, cutting the chain's lighting energy consumption by 58% and reducing greenhouse gas emissions by 3.4% annually.  

  • Winn-Dixie Case Puts Spotlight on Website Accessibility/Compliance

    A much-anticipated ruling on website accessibility has been issued out of the Southern District of Florida. The ruling in Juan Carlos Gil v. Winn-Dixie Stores (case no. 16-23020-civ-Scola; S.D. FL 2017) requires the attention of businesses across the country that host websites.    

  • Airport stores see big boost in sales

    Increased security in airports is helping to boost sales in airport stores.    Travel retail, particularly in airports, is currently a bright spot in the retail world.    Spending in airports hit $38 billion globally in 2016, according to GlobalData. It is set to grow by 27% to $49 billion by 2021.  

  • Study: Prime Day 2017 on pace to be biggest yet

    Amazon is giving new meaning to the phrase "Christmas in July."  
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