Corporate Governance

Quantum Retail Technology, a retail-focused supply chain management and inventory optimization software solutions provider, has named Mark Halverson as the company’s VP of professional services.

Halverson will oversee the full range of Quantum Retail's client program management, solution deployment and delivery, support and management of client partnerships during the implementation cycles.

New York -- J.C. Penney Co. on Monday reassured investors that sales trends are improving and reaffirmed its forecast calling for positive same-store sales results in the third quarter, Reuters reported.

The comments were made by Myron Ullman, Penney’s CEO, at the Women's Wear Daily conference on Monday.

Toronto -- Hudson’s Bay Company has appointed Michael Crotty as executive VP, chief marketing officer, Hudson’s Bay and Lord & Taylor. He will be responsible for the overall marketing strategy for Hudson’s Bay and Lord & Taylor.

Crotty has more than 25 years multichannel retailing and brand management marketing experience  For the last 10 years, he has held progressively senior positions at Bergdorf Goodman, Neiman Marcus and, most recently, Nordstrom.

New York -- Martha Stewart Living Omnimedia Inc. has named board member Daniel W. Dienst, who most recently served as CEO of Sims Metal Management, as CEO. The position has been vacant since December, when chief executive since Lisa Gersh left the media and merchandising company.

Dienst served as chairman and CEO of Metal Management Ltd. from 2003 to 2008, when it was sold to Sims. He then took the helm at the newly combined company.

New York -- Fountain Capital and Cheney & Mathes Properties have announced through their partnership, Fountain Mathes I, that they have acquired a 450,000-sq.-ft. portfolio of retail shopping centers with 16 properties in 10 states. Each center is shadow-anchored by Wal-Mart projects.

The centers largely contain national credit tenants such as AT&T, Cato, Dollar Tree, GameStop, Hibbett Sports, Payless and Shoe Show. The portfolio is 95% occupied.

Brentwood, Tenn. — Tractor Supply Co. has announced the opening of its first store in Wyoming. The new store marks Tractor Supply’s continuing expansion in the Western U.S.

The new store in Rawlins opened for business on October 19 and will hold a grand opening event on Oct.26. As of Sept. 28, Tractor Supply operated 1,245 stores in 47 states.
 

Dallas — SRS Real Estate Partners’ southeast investment sales team has closed five retail shopping center sales since August. The transactions total more than $60 million and over 575,000 sq. ft. of retail real estate. Here are the details:

San Diego — Petco has opened its first store in Mexico and announced plans for continued expansion in Mexico and Latin America through a joint venture with Grupo Gigante of Mexico.

The companies plan to open as many as 50 Petco stores in Mexico and Latin America by 2020.

New Hyde Park, N.Y. — Kimco Realty Corp. has announced a purchase and sale agreement to acquire a 24-property retail portfolio in New England for $270 million, which includes the assumption of $121.5 million of mortgage debt.

The 1.4-million-sq.-ft. portfolio is 96% occupied. It includes 17 properties in the Boston metropolitan market. Anchor tenants include Whole Foods, Trader Joe’s, Lowes, Kohl’s, Petco, Pier 1 Imports, Aldi Supermarket, CVS and Walgreens.