Corporate Governance

With buzz phrases like “omnichannel” and “customer disruption” dominating the retail conversation, landlords and tenants attending RECon 2014 in Las Vegas last May made it their mission to ensure that brick-and-mortar remains relevant. ­

Sidney, Neb. - Cabela’s Inc. has signed an amended credit facility with a consortium of financial institutions led by U.S. Bank. This $775 million, five-year credit facility expands and extends Cabela’s existing $415 million, five-year agreement signed in 2011.

In addition, the facility may be increased to $800 million subject to certain terms and conditions.

North Plainfield, N.J. — Levin Management has released its annual June survey of store mangers within its 95-property, 13 million-sq.-ft. shopping center portfolio.

With company representatives, Missouri Secretary of State Jason Kander, St. Louis Mayor Francis Slay, local officials and community leaders on hand, Ikea officially broke ground for its future St. Louis store scheduled to open fall 2015.

The 380,000-sq.-ft. location with 1,300 parking spaces will be built along the northern side of Interstate-64 and Vandeventer Ave. on nearly 21 acres in the City’s Cortex Innovation District. The company has contracted with St. Louis-based S. M. Wilson & Co. to construct the project.

New York -- Juicy Couture is closing its U.S. stores as it makes plans to debut a new retail store format in key high-traffic locations, including New York City, Los Angeles and Vancouver, in early 2015. The company expects to open 127 stores and in-store shops during the next five years in major cities across the globe.

Walgreens has opened a new two-story, flagship drugstore in the north tower of Chicago’s iconic Wrigley Building.

Assisted by 42nd Ward Alderman Brendan Reilly, representatives from the Magnificent Mile Association, Chicagoland Chamber of Commerce and others, Walgreens executives marked the 27,800-sq.-ft. store’s opening with a ceremonial ribbon cutting.

Dedham, Mass. - Reflexis Systems Inc. today announced the appointment of Brett Friedman as senior VP of global sales and marketing. He will be responsible for expanding the Reflexis global sales team and building upon the company’s growth.

Friedman brings 15 years of sales and marketing experience and joins Reflexis from Infor, where he had global revenue responsibility for supply chain and PLM solutions. Prior to Infor, he was senior VP of global sales at Allegro Development and has also held leadership positions at SAP and i2 Technologies.

Philadelphia — Pennsylvania Real Estate Investment Trust has executed leases with Retail Group of America to bring three international brands F&F, Flormar and SuiteBlanco to the Patrick Henry Mall in Newport News, Virginia. The transactions illustrate PREIT’s strategy for improving portfolio performance by seeking out emerging, first-to-market options.