Corporate Governance

CBRE acquires real estate tech company
CBRE announced it has acquired Floored, a provider of 3-D graphics technology that helps retailers envision build-outs of their commercial space. Its SaaS (Software as a Service) solutions figure to quickly be incorporated into CBRE’s leasing operations.
Fazoli’s Tackles Overtime Head On
With some 2,975 team members in its 123 company-owned restaurants and support center, Fazoli’s, the nation’s largest fast-casual Italian restaurant chain, estimates 210 employees are directly impacted by the Department of Labor’s new overtime rules. CSA spoke with company president and CEO Carl Howard about the chain’s strategy regarding the regulations, which take effect on Dec. 1.
How do you think the new overtime rule will impact your workplace?

Election: Don’t Pop the Cork Yet

In the days and weeks since Election Day, much has been written about the impact results will have on store and restaurant operators. Other than some unease regarding trade and consumer confidence, entry-level employers generally feel optimistic about what might lie ahead with policy changes to taxes, wages and healthcare.
Most employers feel like they had a big “win” election night and in many cases, they may be right. But I think it’s a little early for employers to lace up their shoes for a collective victory lap around the boardroom.
Spotlight on Lighting

LEDs, wireless controls are key to the future of retail lighting solutions
Lighting is fundamental to any retail store, whether for setting a scene and influencing how a brand is perceived or even encouraging shoppers to make a particular purchase. However, if not managed correctly, it can be extremely expensive. In fact, lighting accounts for around 53% of all electricity consumption in a typical retail outlet, according to the U.S. Energy Information Administration.
Coach taps former Saks exec as new finance head

Coach announced the appointment of Kevin G. Wills as CFO, effective no later than March 2017. Wills joins the upscale specialty retailer from AlixPartners LLP, a global business advisory firm, where he has served as managing director and CFO since March 2014.
Expanding North

DLC Management Corp.’s grocery-anchored shopping centers can be found in places such as Dallas; Milwaukee; Columbus, Ohio; and Birmingham, Ala.; but the company has a special stake in the Northeast. In October, DLC closed the biggest deal in its history, acquiring a passel of 16 centers, all but one of them in New York state. Chain Store Age Real Estate Editor Al Urbanski talked with DLC CEO Adam Ifshin and asked him what retailers need to know about the Northeast market.
When it comes to overstoring, China’s the champ

U.S. real estate developers and brokers coping with epic changes in the retail landscape can take some solace from the fact that, when it comes to overstoring, America’s got nothing on China. A list of cities with the most shopping center space under construction from CBRE Research had Chinese cities occupying 11 of the top 12 spots, led by Chongqing with 39.8 million sq. ft. being built. Shenzhen (38.7 million) and Chengdu (37.6 million) weren’t far behind.
Macy’s details store closings, restructuring amid poor holiday sales

Macy’s gave more information about its previously announced store closing plans as it unveiled a series of actions to streamline its store portfolio, intensify cost efficiency efforts and execute its real estate strategy.
Amazon making plans to enter a hot apparel segment

Job postings by Amazon may have revealed the company’s newest apparel entry: athleisure. Several online job listings published by Amazon in December suggest that the online giant is developing a line of workout apparel, reported ReCode.
2017 Update

RILA looks ahead to what retailers can expect in the coming year
With the historic 2016 election behind us, there has been much speculation about what to expect from Washington in the coming year.
With consideration of a Republican-controlled Congress and President-elect Trump’s proposed policies, the Retail Industry Leaders Association has outlined below the key legislative and regulatory issues retailers should be aware of in 2017: