Corporate Governance

One of the nation’s largest mall operators is updating its parking lot lighting with a tech-savvy solution.

Kansas City, Mo. -- Crown Center Redevelopment Corporation headquarter in Kansas City, Missouri, has named Stacey Paine as its new president.

Paine will replace Bill Lucas who is retiring at year-end after serving 20 years as the president of Crown Center, an 85-acre mixed-use community, privately financed by Hallmark Cards, Inc., that combines 2.2 million sq. ft. of office space, retail, hotels, residential and entertainment attractions within its boundaries.

Dunkin’ Donuts announced new locations as it works towards its goal of opening 410 to 440 net new restaurants in 2015.

The chain announced multi-unit store development agreements totaling 24 new restaurants over the next several years in Minnesota with two franchise groups, Kod Kod Enterprises, LLC, and existing franchise group, VANTive Group.

The International Council of Shopping Centers is among the groups endorsing proposed legislation that seeks to limit what it called an “unintended consequence” of the Americans with Disabilities Act.

Retailers should continually re-invent the in-store experience to keep up with changing consumer needs.

That is one of the key imperatives for growth identified in a new retail index and executive survey, “Reigniting Growth: Three Imperatives for Retail’s Future,” by SAP SE.

Amid a slew of news from Target HQ on Monday, the retailer also announced that, as part of the White House’s Climate Pledge, it would be working toward eight new sustainability commitments. The company has had success so far when it comes to sustainability, reducing its greenhouse gas emissions 9% since 2012 and eliminating more than half a million metric tons of carbon dioxide from its buildings.

The commitments are for the company to achieve the following benchmarks by 2020:

Philadelphia -- Metro Commercial Real Estate has been named the exclusive listing agent for 1300 Fairmount, located in Philadelphia, steps from the Fairmount Station of SEPTA’s Broad Street Line and bus system.

The mixed-use project by RAL Development Services, LLC and Amalgamated Bank’s Longview Ultra Fund, will consist of 486 apartments and structured parking above approximately 84,000 sq. ft. of retail space geared towards national and regional retailers.

Most retailers recognize the importance of combining the best of digital technologies and physical stores to profitably create a seamless and consistent customer experience across channels. There’s a good reason for this. Their most valuable customers are engaging with them across all channels: store, mobile, social and online. Some retailers find that these omnichannel customers spend two times to five times more than customers who buy in only one channel.