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Corporate Governance

  • Court blocks Costco gender bias suit

    New York City -- Costco Wholesale Corp won a federal appeals court decision that blocks women who accused the company of gender bias from suing as a group. Although the ruling overturns a judge’s decision to expand a suit filed by three women to include hundreds of female workers, the court left open the possibility that the case could again be brought as a class action.

  • Survey: Outsourcing of facilities management continues to increase

    New York City -- The outsourcing of real estate and facilities management (REFM) activities is expected to expected to hold steady or increase, according to the inaugural KPMG 2011 global real estate and facilities management outsourcing pulse survey. Among the buyers of REFM services, 50% said they plan to increase outsourcing over the next one to two quarters. Longer term, over the next 12 months, 44% of buyers plan to increase their REFM outsourcing

  • Retail vet Andy Giancamilli retiring as CEO of Katz Group

    Toronto -- Katz Group Canada has announced the retirement of industry veteran Andy Giancamilli as CEO, effective Feb. 2, 2012.  Katz is Canada’s largest integrated pharmacy network, operating more than 1,800 chain, franchise and independent pharmacies,

    Giancamilli will remain in an advisory role until May 2012. He will be succeeded by Frank Scorpiniti, who joined the company in April as COO.

    Giancamilli came to Katz after serving as executive VP at Canadian Tire. Prior to that, he was president and COO of Kmart.
     

  • Nordstrom opens in Nashville

    Seattle -- Nordstrom opened the doors to its newest store, in Nashville, Tenn.

    The 149,000-sq.-ft. store is located in The Mall at Green Hills.
     

  • Chipotle debuts new restaurant concept

    New York City -- Chipotle Mexican Grill has opened a new format, called ShopHouse Southeast Asian Kitchen, in Washington, D.C.’s, DuPont Circle neighborhood.

    The Asian-themed eatery uses the same set-up as the company’s namesake restaurants, with customers able to customize the food offerings.
     

  • Union representing SoCal supermarket workers takes step toward strike

    Los Angeles -- The union representing many of the 62,000 workers at Ralphs, Vons and Albertsons supermarkets in Southern California has issued a required 72-hour notice of its plan to cancel its extended contract, Reuters reported. The move that could pave the way for a strike.

  • Retail Group appoints VP real estate

    Lenexa, Kan. -- Retail Group of America, owner of Strasburg Children stores, has announced the appointment of Joanna B. Shawver as VP real estate. She will lead the company’s real estate expansion strategy in the United States.

    Shawver brings more than 20 years of commercial real estate experience to her new role, with specialties in tenant representation and shopping center leasing. Most recently, she was VP leasing with RED Development, a Kansas City and Phoenix-based real estate development firm.
     

  • Citi Trends to open two Pa., locations

    New York City -- Centro Properties Group US announced the recent lease executions of two Citi Trends locations. A 13,500-sq.-ft. lease has been executed at Lehigh Shopping Center, in Bethlehem, Pa., and a 12,000-sq.-ft. location will open at Kline Plaza, located in Harrisburg, Pa.

    Both Lehigh Shopping Center and Kline Plaza are owned by Centro Properties, based in New York City.
     

  • Urban Retail to manage four regional malls

    Chicago -- Urban Retail Properties, LLC said it has been awarded the contract by Garrison Investment Group to provide management and leasing services for four regional shopping centers, effective immediately.

    Urban will assume third-party responsibilities for Chapel Hills Mall (Colorado Springs, Colo.), Central Mall (Salina, Kan.), Decatur Mall (Decatur, Ala.) and Lakeshore Mall (Gainesville, Ga.).

  • LaVida Massage opens new California center, names master franchisee

    Placentia, Calif. -- LaVida Massage, a Commerce, Mich.-based massage and wellness center, announced the opening of a new LaVida location in California, as well as the addition of a new master franchisee in southern California.

    The new 3,700-sq.-ft. center, located in Placentia, is slated to open Sept. 19.

    New master franchisee Deby Goodman will own and manage the newest store, as well as will be responsible for building new LaVida operations specific to the southern California market.
     

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