Bed Bath & Beyond, Inc.

A search is underway for a senior executive to lead Family Dollar’s supply chain efforts following the departure of supply chain EVP Jeffrey Macak who resigned from the company after just two months.

In a brief statement, Family Dollar said Macak resigned for personal reasons effective immediately. Macak joined Family Dollar in early September of this year after a 13-year run at Bed Bath & Beyond where he served as vp of global supply chain.

Purchase, N.Y. — Old Navy has taken a 13,500-sq.-ft. space in Orange Plaza, an 815,000-sq.-ft. power center in Middletown, N.Y., according to National Realty & Development Corp.

A Wal-Mart Supercenter, Kohl’s Department Store, Burlington Coat Factory, Marshalls, Bed Bath & Beyond and The Home Depot anchor the center. Orange Plaza draws shoppers from a 25-mile circle including the Hudson Valley and areas in Pennsylvania and New Jersey.

It’s 2020, and our shopper is ready to relax after a busy and productive Saturday. She started off the day at Kohl’s, where she tried on several cocktail dresses a store associate had texted her about earlier. The associate knew from past purchases that our shopper favored animal prints and a-line cuts.

Seattle -- Nordstrom announced two new locations for Nordstrom Rack, one in Columbus, Ohio, and one in Tulsa, Oak.

Nordstrom Rack will open at Sun Center in Columbus, Ohio. The approximately 37,890-sq.-ft. store is scheduled to open in spring 2014.

Nordstrom currently operates a full-line store in Columbus at Easton Town Center. The company opened the first Nordstrom Rack in the area at Easton Market on September 12, 2013.

Dubuque, Iowa — Mid-America Real Estate Corp.’s Investment Sales team recently brokered the sale of a large portion of the 136,398-sq.-ft. Asbury Plaza in Dubuque, Iowa. The Cafaro organization made the acquisition for $12 million.

The community shopping center is about two miles from Cafaro’s 700,000-sq.-ft. Kennedy Mall.

The community shopping center features national anchor retailers including Michaels, Bed Bath & Beyond and Petco. Shadow anchors include Hy-Vee Grocery Store, Kohl’s and AMC Theater.

Driving sales with an established brand at multiple retail accounts is hard enough for the biggest consumer packaged goods companies. Creating a new brand in a nonexistent category is even more daunting as a pair of entrepreneurial family members discovered a decade ago when they launched the Granite Gold line of stone-care products. This is their story.

Two stone guys with no experience in consumer package goods or retail set out to conquer the world by trying to fit a square peg into a round hole.

BitPay, a payment service provider specializing in e-commerce, B2B and enterprise solutions for virtual currencies, is now offering translations into 10 languages plus English for its entire checkout experience.

Merchants servicing international customers can now present bitcoin payment instructions in the buyer’s native language, allowing merchants to more easily conduct business in emerging markets.

Across America, big-box centers are powering back up

Power centers have proven themselves to be a resilient asset class in recent years. First the recession cut into business. Then e-commerce leveled some of their big-box tenants, hurt others and ignited a downsizing trend.

Yet research from Washington, D.C.-based CoStar Group shows that only 2% of power centers have vacancy rates of 40% or higher and probably won’t recover. Another 6% have vacancy rates of 20% to 40% and are in serious condition but may recover.