Corporate Governance

New York City -- American Eagle Outfitters will pay a signing bonus of $3.3 million along with a base salary of $1 million to its new incoming CEO Robert L. Hanson, the Pittsburgh Business Times reported.

Hanson takes over for the chain’s longtime chief executive James V. O’Donnell, who is set to retire Jan. 28.

Birmingham, Mich. -- Sachse Construction has been awarded two Nike store projects, in Louisville, Ky., and Des Moines, Iowa. Both projects expect to receive Leadership in Energy and Environmental Design (LEED) Gold certification.

The Nike Factory Store in Louisville is a 14,971-sq.-ft. remodel. The project took roughly 16 weeks to complete and was finished in mid-October.

The Des Moines Nike store is a 14,000-sq-ft. remodel. The project will take about 14 weeks and will be finished near the end of November.

Boston -- O’Reilly Auto Parts, one of the largest auto parts retailers in the United States with over 3,700 stores in 39 states, has chosen OneView Commerce’s Enactor Commerce Platform as the foundation software for delivering point-of-sale and other commerce solutions to its stores nationwide.

Boston -- A report released Monday by CBRE Econometric Advisors, a division of Los Angeles-based CBRE Group, said that the U.S. retail real estate sector’s availability rate is expected to decline to 12.4% by the end of 2012.

In 2013, the national retail availability rate, including neighborhood and community centers, will drop further, reaching 11.7%.
 
In third quarter 2011 the retail availability rate was 13.2%. This rate remains well above the previous availability peak of 11.3% set in second quarter 1992.

Wichita Falls, Texas -- Dallas-based Cypress Equities said Monday that Jimmy John’s Gourmet Sandwiches has signed a lease to occupy 1,710 sq. ft. at Kemp Crossing, located in Wichita Falls, Texas.

The new Jimmy John’s location will be operated by franchisee Balwanti Indra Dayaram.

As the International Council of Shopping Centers’ New York Deal-Making Conference in New York City quickly approaches, it seems appropriate to zero in on the world’s No. 1 retailing market. Chain Store Age talked with Ivan Friedman, president and CEO of New York City-based RCS Real Estate Advisors about the Dec. 5-6 conference, and the state of retail in the Big Apple and its surrounding region.

What are your thoughts on the upcoming NY ICSC show?

Birmingham, Ala. -- Hibbett Sports Inc. said that its third-quarter profit jumped 27%, amid strong demand for shoes and apparel. The results beat Wall Street expectations and Hibbett raised its earnings forecast for the full year.

For the quarter ended Oct. 29, the sporting-goods chain reported net income of $16 million, up from $12.6 million in the year ago period. Sales increased 11% to $185.2. Same-store sales rose 7%.
 

Philadelphia -- Checkpoint Systems, a leading global supplier of shrink management, merchandise visibility and apparel labeling solutions for the retail industry, announced that it is partnering with Books-A-Million to improve the retailer’s loss prevention program and enhance its customers’ shopping experiences through its electronic article surveillance (EAS) solution.

Purchase, N.Y. -- Dollar General is now accepting MasterCard credit cards at all of the nearly 10,000 Dollar General locations across the country, expanding on previous acceptance of MasterCard debit and prepaid cards. 

“Dollar General was the first among small-box value discounters to roll out readers for electronic benefits cards and bank debit and credit cards, making transactions even more convenient for customers.

James Island, S.C. -- Brixmor Property Group announced that Burke’s Outlet has opened a 26,680-sq.-ft. store at Island Plaza, located in James Island, S.C.

Island Plaza is owned by Brixmor, based in New York City.