Corporate Governance

Dallas -- SRS Real Estate Partners announced two new hires in the South Florida office, as Dominic Delgado and Evan Richardson both joined the team as senior associates.

Delgado will focus on investment services, landlord representation, tenant representation and disposition services.  Prior to joining SRS, he worked in Miami as community association management coordinator for KW Property Management.

Costa Mesa, Calif. -- Transwestern announced the renewal of a multi-year, $4.69 million lease of a 53,164-sq.-ft. office space for Anna’s Linens in Costa Mesa’s Harbor Gateway Business Park.
 
The office will continue to be used by Anna’s Linens as its corporate headquarters.

“We are very pleased to maintain our headquarters here in Orange County, where the company was born,” said Alan Gladstone, chairman and CEO of Anna’s Linens.

Dallas -- Edge Realty Partners has announced the launch of Edge Realty Capital Markets, which will focus on the investment sales of retail, multi-family and healthcare properties.

Brandon Beeson and Mart Martindale will lead Edge Capital Markets as principals. Steven Smith is also joining the firm as an executive VP.

Beeson previously was senior director with Berkadia where he focused on representing owners in sale of retail assets.   

By Ken Burkeen, [email protected]

Waban, Mass. -- Research released Monday by Temkin Group, which ranked the customer experience at 206 large companies across 18 industries, found that several grocers are offering excellent customer service.

New York City -- Bloomingdale’s said Monday it has launched a new customer loyalty program called Loyallist in all U.S. retail locations and online. 

There’s a lot going this week at the Daytona, Fla., area Walmart stores as NASCAR gears up for the start of its season with the Daytona 500. Between special activities in store parking lots and promotions involving NASCAR merchandise, Walmart has effectively positioned itself as the one-stop destination for race fans. While the Daytona 500 is a big deal, it’s really just a warm up act for Walmart.

Profits grew faster than sales at Walmart’s international division last year, despite investments to drive record expansion and inventory growth, as EDLP took hold in more markets.

Fourth-quarter same-store sales at JCPenney declined 1.8%, and the company lost $87 million, but those details are being overlooked for the time being as execution of the transformation strategy envisioned by CEO Ron Johnson began less than a month ago.

SAN FRANCISCO — Gap Inc.'s fourth-quarter net income plummeted 40% on higher costs and aggressive discounting during the holiday selling season.

The company reported that net income for the quarter ended Jan. 28 was $218 million, compared with $365 million a year earlier. Sales dipped to $4.28 billion in the quarter, from $4.36 billion, matching Wall Street estimates.