Corporate Governance

Carmel, Ind. -- Indianapolis-based Kite Realty Group said that Earth Fare will open a 25,000-sq.-ft. store at Rangeline Crossing, formally known as The Centre and located in Carmel, Ind.

Now under redevelopment, the 83,533-sq.-ft. Rangeline Crossing is owned by KRG Centre.

Goldsboro, N.C. -- Casto announced that Harris Teeter will open a 53,000-sq.-ft. store at Memorial Commons, located in Goldsboro, N.C. It is the grocer’s first store in the market.

Harris Teeter is slated to open late 2013, and will join Office Depot, Subway, Starbucks and T-Mobile.

Memorial Commons, a joint venture of Casto and 1st Carolina Properties, is a new neighborhood center located at the gateway to Wayne Memorial Hospital and Wayne County Community College.
 

Woodbridge, Va. -- Island-inspired restaurateur Bahama Breeze will make its Virginia debut with a freestanding location at Potomac Mills, the largest outlet and value retail shopping destination in Virginia.

The new location will be adjacent to The Cheesecake Factory and a first-in-market Bobby’s Burger Palace opening this November in a new plaza to be developed on the south side of Potomac Mills.

Washington, D.C. -- The Conference Board, in its monthly sentiment index released on Wednesday, said that confidence among U.S. consumers dropped in June for a fourth consecutive month, reaching a five-month low.

The research firm’s sentiment index fell to 62, from a revised 64.4 in May. The slide in confidence raises the risk that the recently revealed slowdown in hiring will cause households to curb spending.

The median forecast of 69 economists surveyed by Bloomberg News projected the U.S. confidence index would fall to 63.

Spartanburg, S.C. -- Denny's Corp. said Wednesday that it has opened its first restaurant in the Dominican Republic as part of a development agreement with Grupo Nahas, which owns and operates the Intercontinental Hotel and Holiday Inn, among others, in Santo Domingo. 

Located in the Food Court of the Las Americas International Airport in Santo Domingo, the new restaurant represents Denny's first airport location worldwide.

HERMOSA BEACH, Calif. — Virtual Piggy, a provider of a technology platform that allows children to shop online in a parent-controlled environment, has formed agreements with sports retailers Spyder Surf and Tahoe Mountain Sports.

OMAHA, Neb. — Country music artist Kellie Pickler has been named the national spokesperson for the ConAgra Foods Foundation Hunger-Free Summer program. The joint effort between the ConAgra Foods Foundation and Feeding America helps provide children with access to nutritious meals, especially in the summer.

PITTSBURGH — Heinz has named Dave Woodward EVP in charge of Heinz North America, effective immediately.

ARLINGTON, Va. — Consumers are feeling more positive about the overall economy and are growing more likely to make technology purchase, according to the latest CEA Index from the Consumer Electronics Association.

Walmart's Asda business earned the title of "Lowest Priced Supermarket" at The Grocer Gold Awards for the 15th straight year. The retailer was also named "Britain’s Favorite Supermarket" for the second year in a row.