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Corporate Governance

  • Nordstrom to close Florida Mall store

    Orlando, Fla. -- Nordstrom announced plans to shutter its store in the Florida Mall Orlando, Florida. Originally opened in 2002, the store will close its doors on August 16, 2014.

  • Advance Auto Parts appoints SVP, supply chain management

    Advance Auto Parts has appointed David Allen as SVP, supply chain management. Allen will report to Charles Tyson, EVP, merchandising, marketing and supply chain, and will be based in Raleigh, North Carolina.

    Allen will lead the supply chain function in its efforts to support Advance’s stores and commercial customers. This includes developing strategies to support the integration of Advance’s supply chain with Carquest.

  • Mansour Group arranges sale of southern California Stein Mart building

    La Quinta, California —The Mansour Group has announced the sale of a 36,000-sq.-ft. Stein Mart building located in La Quinta, California. Sale price was approximately $8 million. 

    The property was sold via Mansour Group by an unnamed developer to a private, all-cash investor out of San Diego.

    The freestanding building is situated in Washington Park, a 600,000-sq.-ft. power and lifestyle center anchored by Lowe’s, Target, Cost Plus, Office Depot, Trader Joe’s with plans for additional construction.

  • The Outlet Mall of Georgia at Augusta to break ground in December

    Augusta, Georgia — Ben Carter Enterprises will break ground in December on the Outlet Mall of Georgia at Augusta, an 800,000-sq.-ft. fashion outlet mall slated to open in spring 2016.

    Ben Carter’s announcement comes on the heels of a key land agreement reached with the owners of the Georgia Theatre Co., who agreed to reposition their theatre to accommodate the mall.

  • Data Breaches: What Retailers Need to Know About Malware

    By Mark McCurley, IDT911 Consulting

  • ECRM: Retail circular advertising trends, June 2014

    ECRM compared retail circular advertising in June 2013 versus June 2014 and noted trends occurring across top retail chains. Both Walmart and Toys “R” Us experienced some extreme shifts versus last year. Toys “R” Us did not run any circulars during the month of June, down from two last year. Instead, it ran only web and email promotions. The inverse occurred in January, when it ran no print ads in 2013 and only a single short circular in 2014.

  • NRF hires senior policy counsel; names VP of government relations

    Washington, D.C. - The National Retail Federation (NRF) has hired Paul G. Martino as VP and senior policy counsel, and promoted Beth Provenzano to VP for federal government relations. Martino and Provenzano will work with the NRF Government Relations Department and focus on emerging public policy priorities, including data security, payments, mobile and e-commerce, privacy and patent reform.

  • The Container Store’s same-store sales increase streak comes to an end

    The Container Store saw same-store sales in the first quarter slip 0.8%, putting an end to a 16-quarter streak.

    “We thought our sluggish sales were all because of weather and calendar shifts that began last November and continued into the spring, but now we’ve come to realize it’s more than weather and calendar. Consistent with so many of our fellow retailers, we are experiencing a retail ‘funk,’” said chairman and CEO Kip Tindell.

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