Corporate Governance

Denver -- OliverMcMillan in partnership with Invesco Real Estate has purchased the retail portion of Clayton Lane, a mixed-use center located in Denver. The retail project consists of more than 182,000 sq. ft. of retail in six buildings with underground parking.

The property sits in the heart of Denver’s Cherry Creek North and is anchored by Crate & Barrel and Whole Foods Market. Feature retailers include Orvis, HW Home, North, White House | Black Market, Bose and more.

The commercial real estate community is somewhat of a paradox. For an industry that is literally built on the premise of creating new and exciting destinations, there is a tendency to do things the way they have always been done.

Jo-Ann Fabric and Craft Stores has named a new leader for its loyalty and customer relationship management programs.

Steve Miller joins Jo-Ann Fabrics from McKinsey & Company, where he served global clients as an engagement manager within the premier consulting firm’s marketing and sales practice. His work as a project manager afforded him the opportunity to gain experience across all functional areas in leading retail and consumer organizations, which includes building CRM and loyalty programs for Fortune 500 companies.

The CEO of Cabela’s, Tommy Millner, said warm winter weather hampered same-store sales in the fourth quarter, but he did not provide details about any potential sale of the company.

Photo: Doug McMillon, president and CEO, Wal-Mart Stores, Inc.

Walmart is the target of a lawsuit that could provide an answer to the quesition as to whether anti-gay discrimination is a form of sex discrimination, according to Bloomberg. If a settlement isn’t reached in the case, which goes to mediation on Feb. 22, it will go to trial in federal court in Massachusetts.

Move over Big Lots and Ollie’s Bargain Outlet. Kmart is ready to begin making opportunistic purchases of closeouts and liquidated good in keeping with its strategic vision to make shopping fun again.

Kmart said its strategic merchandising group is actively sourcing extreme-value deals by purchasing the inventory of liquidated companies and capitalizing on other opportunistic situations to obtain outstanding products and offer unbeatable value.

It has been roughly four months since the Oct. 1, 2015 liability mandate for U.S. retailers to adopt EMV – how much progress has been made?

Jo-Ann Fabric and Craft Stores has added some human resources heft to its executive ranks.

A Nordic lifestyle store has made its London debut.

Inspired by the hybrid café and retail concepts commonly found in Scandinavia, Blåbär features homeware and accessories from up and coming designers, vintage furniture and its own branded products all in a café environment serving Swedish foods and drinks.