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Corporate Governance

  • Hershey going bigger in Times Square

    The Hershey Company is moving its popular store in Manhattan’s Times Square to a much larger location.   The company will unveil a new Hershey’s Chocolate World flagship at 20 Times Square in late 2017. The new store will be three times larger than the existing Hershey’s store, which has been a major tourist attraction since it opened in 2002. It will also feature even more bells and whistles, including a state-of-the-art digital billboard.  

  • Bob’s Stores and EMS in new holding company

    Versa Capital Management has formed a new holding company, called Eastern Outfitters, which will continue the restructured operations of Eastern Mountain Sports (EMS) and Bob’s Stores.  

  • PREIT tidies up portfolio with sale of Washington Crown Center

    Adhering to its company motto of “Quality Shopping Malls in Compelling Markets,” PREIT reached an agreement to sell the Washington Crown Center in Washington, Pennsylvania. At the same time, it announced it had put the Beaver Valley Mall up for sale.   In a press release, PREIT noted it had embarked on a portfolio optimization program focusing not just on new properties, but on new types of tenants that could fuel growth.  

  • Yankee Candle heats up customer engagement

    The customer journey for The Yankee Candle Company Inc. has many potential steps, and the company is ensuring they are all connected and help bring shoppers closer to making a purchase.  

  • Supermarket giant announces exec retirement, promotions

    The Kroger Co. on Tuesday announced a series of management changes.    The retailer said Bill Breetz, president of its Houston division, will retire effective Aug. 26. Breetz began his Kroger career in 1972 as a bagger in Louisville, Kentucky., and went on to hold several leadership positions at the chain.      Marlene Stewart, who currently serves as president of the company's Dillons division, will succeed Breetz.    

  • Dick’s Sporting Goods plans regional facility in New York

    Dick’s Sporting Goods is building a new $100 million regional distribution center that will service more than 200 stores throughout the Northeast.   The 650,000-sq.-ft. facility will be located at Broome County Corporate Park in Conklin, New York. Construction will begin in August 2016 and is scheduled for completion in early 2018. Dick’s expects to create 466 full-time jobs at the center during the next five years.  

  • California mall gets nation’s first-ever Hello Kitty Café

    Hello Kitty Cafe is pretty darn cute — and popular.    Located at the Irvine Spectrum Center in Irvine, California, the pop-up café opened on July 15, and draw such crowds that it had to temporarily close for a few hours. It’s housed within a pink shipping container that has been refurbished to feature a counter and dining patio area, complete with bistro tables and pink-and-white striped awnings. Bold character graphics adorn the exterior and interior container panels.  

  • Bidding war ensues over foreclosed strip mall

    Glen Valley Center’s taxable value had fallen to $776,221 since 2013, and the foreclosed, 35,775-sq.-ft. strip center in Caledonia, Michigan, had been the property of Wells Fargo Bank since 2007. So why did the bank walk away with $2.3 million for the center after a bidding war erupted among six buyers?   “We have a huge lack of product for investors to put their money in," explained Mark Ansara to mlive.com, which recently ran a report on the sale consummated at the end of June.  
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