Corporate Governance

Dayton, Ohio -- Retail design and brand strategy firm Interbrand Design Forum announced that Ryan Brazelton has returned to the company as a senior director of design.  

Most recently Brazelton worked for Aveda as global design director. In that role he oversaw store design, packaging and the development of corporate collateral, in addition to campaign design across all forms of media. Prior to that, he served as design director at Fitch. Brazelton was previously with Interbrand Design Forum for six years as the group leader of graphic design.

Austin, Texas -- Whole Foods Market on Tuesday reported a profit for its fiscal second quarter that fell short of Wall Street expectations. The grocery store operator also cut its outlook for the year.

For the quarter ended April 13, Whole Foods earned $142 million, unchanged from last year, amid higher expenses.

Revenue rose to $3.32 billion, short of the $3.34 billion Wall Street expected. Same-store sales rose 4.5%, hurt by the shift of Easter to the third quarter this year.

One topic that’s been on my mind lately is the growing Hispanic market in the U.S., and what its clout and purchasing power will mean for retailers — and, subsequently, for retail real estate — in the years ahead. “Emerging” is probably too mild of a word to describe the Hispanic market — exploding might be more accurate.

Philadelphia -- Destination Maternity Corp. announced the start of its planned expansion into Mexico with the opening of 46 Destination Maternity  branded shop-in-shops through a previously announced international franchise agreement with El Puerto de Liverpool, S.A.B. de C.V., the largest department store operator in Mexico.

Indianapolis -- Appliance, electronics and furniture retailer Hhgregg has embarked on a brand transformation across all customer touch-points, including its 228 store locations and online presence, in an effort to boost its shopping and purchasing experience.

Ticketfly, a San Francisco-based ticket distribution service founded in 2008, has hired former Amazon chief operating officer Steve Oliver to help develop the startup’s long-term strategy as it prepares to expand internationally, according to a Reuters report.

Oliver spent nine years at Amazon, leading its Canadian operations, the article stated.

New York — The New York office of Berkadia Commercial Mortgage recently arranged $17.5 million in financing for 631 Wilshire Boulevard, a mixed-use property in Santa Monica, California. The borrowers are Pacshore Partners and GreenOak Real Estate.

The two-year loan came through Berkadia’s proprietary bridge lending program. It features two extension options for one year, a 65% loan-to-value ratio and a 75% loan-to-cost ratio.

Eddie Bauer is expanding into footwear territory. The new brand’s new footwear collection is set to debut online and in store July 28.