Corporate Governance

Closeout retailer Tuesday Morning reported a comparable-store increase of 9.1% for the first quarter ended Sept. 30, compared to the year-ago quarter. The comparable-store sales growth was fueled by a 13.4% increase in customer transactions and a 4.3% decrease in average ticket.

The company reported a net sales increase of 6.3% to $183.7 million, compared to $172.8 million in the year-ago quarter.

New York -- Bloomingdale’s longtime chief executive and chairman, Michael Gould, 70, is stepping down after 22 years on the job. He will be succeeded by Tony Spring, 48, currently Bloomingdale’s president and COO, effective Feb. 1, 2014. A successor to Spring as president of Bloomingdale’s is expected to be named in 2014.

Nestlé plans to relocate its pizza business from Northbrook, Ill., to Solon, Ohio. Nestlé Pizza operates the Digiorno, California Pizza Kitchen, Tombstone and Jack's brands. The company anticipates completing the move by mid-2014.

The Nestlé Pizza Division brands were acquired from Kraft Foods in 2010 for $3.7 billion. The acquisition allowed the company to expand its frozen prepared foods category.

EMERYVILLE, Calif. -- Whole Food Market will open its seventh San Francisco location — and 31st in the Bay Area — on Nov. 6. The store is the company’s 31st in the Bay Area.

“We’ll have all our regular healthy and über-local food options, plus some cool new services like a shoeshine station, fresh cut-to-order honeycomb, a Paleo bar, an oyster shuck pop-up and a coffee bar close to the entrance, so it’s easy to grab a cup while you’re waiting for the bus,” said Paula Richmond, store team leader.

Sports Authority is the latest retailer beefing up staff ahead of the holiday shopping season. The specialty retailer plans to hire up to 5,000 part-time and temporary workers nationwide, a 20% increase from last year.

Sports Authority also plans to convert hundreds of seasonal workers into part-time and full-time team members after the holidays.

Tucson, Ariz. — Little Caesar Enterprises has signed a 1,494-sq.-ft. lease in Northgate Plaza in Tucson, Ariz. Expected to open in the first quarter of 2014, it will be Little Caesars Pizza’s sixteenth store in Tucson.

Commercial Retail Advisors represented the landlord, TNP SRT Portfolio I, and Retail Advisors Southwest represented Little Caesar Enterprises.

Hoffman Estates, Ill. – As part of a wide-ranging strategic review of its business, Sears Holdings Corp. is considering spinning off its Lands’ End and Sears Auto Center brands. The company’s Sears Canada subsidiary has also sold five Canadian store leases to Cadillac Fairview Corporation Limited for about $383.4 million.

RadioShack is taking its new concept store to Philadelphia, Detroit and Fort Worth, but the specialty retailer is going retro for its hometown location in downtown Fort Worth’s Sundance Square.

The Philly location can be found in Bakers Square Shopping Center at 2920 Roberts Ave., and the Detroit location in Gateway Marketplace at 1347 W. Eight Mile. And set to open Oct. 30, the Fort Worth location will be the first new concept store to feature a custom design.