Corporate Governance

Cincinnati – Kroger Co. has reportedly purchased a soon-to-be shuttered Macy’s store located in the Kingsdale shopping center in Upper Arlington, Ohio, for $10.5 million. According to Columbus Business First, Kroger may include multifamily housing or offices in its redevelopment plans for the site.

The Zoning Board would have to approve any Kroger redevelopment plans. Giant Eagle also operates a grocery store in the Kingsdale center. Kroger did not comment.
 

Macy’s plans to quadruple the size of a central California distribution facility that has played a key role in the execution of the retailer’s omnichannel strategy.

The company plans to relocate its West Sacramento, Calif., direct-to-consumer fulfillment center to a larger facility in a nearby location in Sacramento County to support continued sales growth driven by Macy's omnichannel strategy.

Corte Madera, Calif. – Restoration Hardware Holdings Inc. (RH) has named Ali Rowghani to its board of directors. He will also serve on the board’s Nominating and Corporate Governance Committee.

Cincinnati - Macy’s Inc. plans to relocate its West Sacramento, California-based direct-to-consumer fulfillment center to a larger facility in a nearby location in Sacramento County to support continued sales growth driven by its omnichannel strategy. Contingent on approvals by the Sacramento County Board of Supervisors, Macy’s will begin operations in summer 2015 at a 385,000-sq.-ft. facility, creating approximately 100 new jobs.

Boston -- Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors, announced that Michael D. Sullivan has been promoted to managing director, business development in the Northeast Region for the firm’s Valuation & Advisory Services Division.

Mesa, Ariz. -- Brown Group announced that Fry’s Food & Drug will anchor the retail developer’s new Mulberry Marketplace, to be built at the northwest corner of Guadalupe Road and Signal Butte Road in Mesa, Arizona.

The development is comprised of 17.70 acres – 5.3 acres owned by Brown Group partners Gary Brown and Todd Kjar, and 12.4 acres owned by Fry’s. Mulberry Marketplace will be the third Fry’s-anchored center Brown Group has developed in the last five years

Seattle -- Starbucks Corp. has appointed Kevin Johnson as president and chief COO, effective March 1. He replaces the company's current COO, 23-year Starbucks veteran, Troy Alstead, who, as previously announced, will take a sabbatical beginning March 1. Over the next month, Alstead will work to immerse Johnson into his levels of responsibility as they work together to ensure a smooth transition.
 

Bi-Lo Holdings has turned to a veteran Australian retail executive to take over as president and CEO.

The parent company of Bi-Lo, Harveys and Winn-Dixie grocery stores said that Ian McLeod has been appointed president and CEO effective March 2. McLeod succeeds Randall Onstead, who will remain in place through March 2.