Corporate Governance

Philadelphia -- Marcus & Millichap Real Estate Investment Services said that it has promoted Mark E. Taylor to first VP investments.

Most recently, Taylor held the title of VP investments. He specializes in the sale of retail shopping centers and net-leased property investment real estate.

Garden City, N.Y. -- Sabre Real Estate Group said that Douglas Bomzer has joined the firm as a senior associate.

Previously with Breslin Realty, where he specialized in retail tenant representation, Bomzer earlier was a residential real estate broker in the Franklin Square office of Prudential Douglas Elliman. His clients include Dots, Ulta, Maggiano’s, Chili’s, Pet Supplies Plus and Bolton’s.

Woodbridge, N.J. -- SRS Real Estate Partners said that Burlington Coat Factory has leased 78,303 sq. ft. at Woodbridge Crossing Shopping Center in Woodbridge, N.J.

Burlington Coat Factory, scheduled to open later this year, will be occupying the former The Great Indoors, which closed several years ago.

Dallas -- SRS Real Estate Partners said that Glori Rodriguez has been named a senior marketing coordinator in the South Florida office.

Rodriguez will be responsible for executing the national and local marketing strategies for the South Florida office including broker transaction support, identity building, and lead generation initiatives.

Prior to SRS, she was a business development coordinator at Bureau Veritas N.A.

San Francisco -- Gap Inc. is expanding its footprint in Latin America. Leveraging its franchise model, the company has opened its first stores in Panamá and plans to introduce its brands to three additional Latin American countries: Colombia, Uruguay, and Peru.

Topeka, Kan. -- Footwear seller Collective Brands Inc. said that its fourth-quarter loss widened dramatically from the year before as higher costs cut into profit margins. But the loss was far narrower than Wall Street expected, while revenue was much higher.

The company, which operates the Payless ShoeSource chain, said its net loss during the quarter ended Jan. 28 was $41.6 million, up from a loss of $10.1 million in the year-ago period. Revenue rose to $815.9 million from $773.8 million. Same-store sales increased 1.7%, also better than expected.

Atlanta -- The Home Depot and Martha Stewart Living Omnimedia have extended their agreement to offer Martha Stewart Living-branded products at Home Depot stores through 2016. The line launched in 2010.

The chain currently offers paint, outdoor furniture, kitchen and bath cabinetry and carpeting under the Martha Stewart brand currently. It plans to expand its product lineup with a new craft furniture line and more holiday merchandise.

New York City -- Macy’s has unveiled the launch of its new Facebook page. Shifting to Facebook’s new timeline format, Macy’s will now share the history of its brand, as well as the company’s current news and initiatives.

Los Angeles -- Guess Inc. has appointed Chet Kuchinad as chief people officer and Amber Tarshis as senior VP marketing.

Kuchinad joined Guess on Feb. 1. His experience also includes senior executive roles at Nike and Starbucks Coffee Co.

Tarshis joined the company on Feb. 13. She most recently served as chief marketing officer for The Hub TV Network, a joint venture between Discovery Communications and Hasbro.
 

New York City -- Costco Wholesale Corp. posted a bigger-than-expected rise in quarterly profit on Wednesday. Rising gasoline prices had a positive impact on sales at Costco, which prices its fuel below nearby stations.

Net income in the quarter ended Feb. 12 rose 13% to $394 million, from $348 million a year earlier.

Sales rose 10% to $22.51 billion. Same-store sales rose 8%, better than analysts had expected.