Corporate Governance

BH Properties promotes Steven Jaffe to chief investment officer
Los Angeles -- BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed commercial real estate properties, has announced the promotion of Steven Jaffe to chief investment officer and principal of the firm. In this role, Jaffe is responsible for overseeing the acquisition and disposition strategy of the company as well as the company’s overall growth.

Jaffe has been with BH Properties for 11 years, previously holding the title of executive VP and general counsel.
Red Wing Shoes to open at Arbrook Square
Arlington, Texas -- Red Wing Shoes will open a 1,500-sq.-ft. store at Arbrook Square Shopping Center in Arlington, Texas. The center is located at the southeast corner of Arbrook Boulevard and Matlock Road.

Cynthia Bailey of WindStar Properties represented the landlord, Arbrook Square Investors, L.P. The tenant was represented by Cameron Haddad of NAI Robert Lynn Company.

Survey puts average mobile fraud loss per company at $92.3 million

New York -- Companies are losing as much as 25% of online revenues an average per respondent of $92.3 million per year – to mobile fraud, according to a study by RSA and TeleSign, a provider of mobile identity verification solutions. Nearly one-third of organizations lost as much as 10% and up to 25% of revenues due to mobile fraud.
Ross to open two new stores in Houston market

Dublin, Calif. -- Ross Dress for Less will open two new stores in the Houston area on March 7.

The stores are located in the Center at Pearland Parkway in East Pearland, 15 miles from downtown Houston; and Ravenwood Village Shopping Center in Huntsville. With these new locations, Ross will operate 170 stores in Texas, its second largest state.

Together, Ross Dress for Less and dd’s Discounts currently operate over 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.
RadioShack files for Chapter 11

It's official: The long-struggling RadioShack has filed for Chapter 11 bankruptcy protection. The 94-year-old retailer made its filing in U.S.
Lowe's builds a $2.3M fund for schools

Lowe's is helping to fulfill the makeover wishes of 515 schools in 46 states with money for improvement projects.
Luxottica veteran joins Coach board

Coach Inc. has added a luxury retail veteran to its board of directors.

“We are extremely pleased that Andrea Guerra has agreed to join our board,” said Victor Luis, CEO at Coach Inc. “As Coach continues its transformation into a modern luxury lifestyle brand, Andrea's extensive exposure to a wide variety of best-in-class brands and his broad retail and international experience will prove valuable to our team."
Luxottica veteran appointed to Coach board

Coach's efforts to regain its upscale brand identity received a boost this month with the addition of a veteran luxury goods retailer to its board of directors.

“We are extremely pleased that Andrea Guerra has agreed to join our board,” said Victor Luis, CEO at Coach Inc. “As Coach continues its transformation into a modern luxury lifestyle brand, Andrea's extensive exposure to a wide variety of best-in-class brands and his broad retail and international experience will prove valuable to our team."
Ex-Victoria's Secret CEO joins Brown Shoe board

Brown Shoe Company has added the former CEO of Victoria’s Secret to its board of directors.

“Adding Lori Greeley -- a well-known and highly-respected leader in retail -- to our board of directors gives us the benefit of her more than 20 years of experience,” said Diane Sullivan, CEO, president and chairman of Brown Shoe Company. “Her energy and passion for the business and her leadership skills will be a welcome addition to our company.”
CVS commits $5M to tobacco-free kids

The CVS Health Foundation is making a $5 million five-year commitment to the Campaign for Tobacco-Free Kids to launch a new grant program.

Through the “Making the Next Generation Tobacco-Free” program, the CVS Health Foundation will partner with Tobacco-Free Kids to provide grants to organizations committed to implementing public health strategies to reduce youth tobacco use and exposure to secondhand smoke.
Bebe same store sales jump 8%

Bebe stores CEO Jim Wiggett credited a compelling merchandise assortment with helping to drive the company’s success in the second quarter.
Retail vet Peters named COO at digital innovator

James Peters held key leadership roles at Office Depot, Staples and Ross Stores but now the veteran operator is in a new role at a company giving new meaning to e-commerce.

Peters was named president and COO at San Francisco-based Delivery Agent where he had served on the board since last October. Delivery Agent’s business model is to turn viewers into revenue generating customers for brand and media companies.