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Corporate Governance

  • Kate Spade, Lululemon opening at Highland Village

    Jackson, Miss. -- Kate Spade New York and Lululemon Athletica are both opening their first permanent Mississippi locations, as Chestnut Hill, Mass.-based WS Development announced the retailers’ grand opening plans at Highland Village in Jackson, Miss.  

  • Publix to co-anchor Steele Creek Crossing

    Charlotte, N.C. --Westwood Financial Corp. announced that Publix Super Markets has now opened as the new anchor tenant at Steele Creek Crossing in Charlotte, N.C. This lease marks one of seven Bi-Lo locations Publix has taken over in the Charlotte area.

  • Redmond Town Center announces Guitar Center launch

    Redmond, Wash. -- Guitar Center and four additional new retailers and restaurants are slated to open at Redmond Town Center, in Redmond, Wash., later this year and into next spring.  

  • JLL adds retail expertise in San Francisco Bay area

    San Francisco--JLL announced that it has expanded its retail brokerage practice in Northern California with the addition of Jamie Kendall as VP. Kendall will be based in the firm’s San Francisco office, and will partner with the firm’s existing retail, agency leasing and investment sales teams to help maximize the value of retail assets for JLL’s growing client base in downtown San Francisco.

  • Whole Foods plans 38-42 new stores as Q4 beats street

    Austin, Texas -- Whole Foods Market reported that its net income rose a better-than-expected 5.8% to $128 million in its fiscal fourth quarter, ended Sept. 28, 2014, from $121 million in the year-ago period.  The company also said it plans to open 38 to 42 stores, including five to six relocations, in fiscal 2015. 

  • Topshop opens its largest U.S. store

    New York -- British fast-fashion retailer Topshop, a unit of Arcadia Group, opened a flagship on Manhattan’s Fifth Avenue, close to Rockefeller Center.  

  • Delhaize to sell Bottom Dollar stores to Aldi for $15 million

    Brussels, Belgium -- Delhaize Group has signed an agreement to sell its Bottom Dollar Food stores to deep-discount grocer Aldi Inc. for approximately $15 million, including the assumption of associated lease liabilities. The transaction, which involves  66 Bottom Dollar stores in the greater Philadelphia and Pittsburgh markets, is expected to result in an asset impairment and other charges for Delhaize Group of approximately $180 million.  

  • Ann Inc. forecasts declining sales; assesses supply chain

    New York-- Ann Inc. is forecasting declining sales for the fiscal third and fourth quarter and full year 2014. The company is also launching a comprehensive, end-to-end assessment of its supply  chain to identify opportunities to enhance profitability, with a focus on speed, flexibility, improving product sell-through and reducing the cost of goods sold.  

  • Walgreens files for bond offering to finance Alliance Boots purchase

    New York –- Walgreens has reportedly filed for an eight-part benchmark bond offering to help finance its planned $5.3 billion purchase of U.K. drugstore retailer Alliance Boots GmBH. According to Bloomberg, Walgreens has filed with the SEC for three-, five-, seven-, 10-, 20- and 30-year fixed-rate bonds, as well as 18-month and three-year floating-rate notes.  

  • Roundy’s swings to loss in Q3 on impairment, expenses

    Milwaukee –- Roundy’s Inc. swung to a net loss of $249.9 million in the third quarter of fiscal 2014 from net income of $3.2 million the same quarter a year earlier. A variety of impairment charges, including charges related to closing a distribution center, taxes and disposal of obsolete assets, drove Roundy’s into the red, along with higher operating and administrative expenses.  

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