Corporate Governance

To further differentiate commercial space the trend among architects, restaurateurs, retailers, and developers has been towards sign packages that seamlessly marry the building facade and family of signs.

A modest increase in fourth quarter same store sales at Walmart’s U.S. stores marked a sixth consecutive period of growth and helped the company exceed analysts’ profit targets, but a reduced 2016 sales outlook caught some investors by surprise.

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

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.

The VF Corp. is adding some heavy duty retail expertise to its board of directors.

The Kroger Co.'s senior VP for retail operations and strategic initiatives plans to retire in April.

The company announced that Marnette Perry plans to retire on April 29, after 44 years with the company.

Increased expenses and shrinking margins hurt Nordstrom profitability in the fourth quarter, but the leading department store and off-price retailer delivered on the e-commerce front.

Nordstrom said sales for the fourth quarter increased 5.2% to $4.1 billion and same store sales increased 1%. The company’s full price stores and Nordstrom.com grew sales 0.7% and same stores sales increased 0.2%. However, the growth was largely driven by Nordstrom.com sales which increased 11% and offset a 3.2% decline at physical stores.

The nation’s gambling capital is getting another high-end retail center, this one with Paris accents.

Wynn Las Vegas announced the development of Wynn Plaza, a 75,518-sq.-ft. luxury retail center. Debuting fall 2017, the complex will support the existing luxury retail collection at Wynn Las Vegas and Encore, as well as bring the shopping experience to the high traffic area bordering Las Vegas Boulevard.