PetSmart LLC

Phoenix -- PetSmart reported Wednesday that net income for the second quarter surged 31% to $79 million, from $61 million in the year-ago period.

Sales advanced 9% to $1.6 billion, and same-store sales grew 7.0%.

“Our performance in the second quarter was due to strength across all three merchandising categories, as well as across services,” said Bob Moran, chairman and CEO.
 

Last June, two organizations — Retail Industry Leaders Association and International Council of Shopping Centers — co-sponsored a sustainability initiative that ultimately would set the bar for landlord/tenant partnerships.

The last 14 months haven’t been without bumps. Forging positive, mutually beneficial programs that involve cooperation from shopping center owners and their retail tenants has long been one of this industry’s greatest — and most frustrating — challenges.

MINNEAPOLIS — Supervalu on Monday named Wayne Sales, a Canadian hall-of-fame-caliber retailer, as the company's president and CEO, replacing Craig Herkert.

“In my new role, I will work closely with our leadership team to improve our sales and earnings trajectory and generate long-term shareholder value, focusing relentlessly on identifying factors that will drive meaningful improvements in our strategy execution and overall performance,” Sales stated.

Harrisburg, Pa. -- Pennsylvania governor Tom Corbett said Thursday that PetSmart will open a new distribution center in Bethel Township, Berks County, Pa.
 
PetSmart will construct an 870,000-sq.-ft. distribution center in Berks Park 78, a new industrial park located in Bethel Township. The company will start construction on the $50 million distribution center in the fall of 2012, with completion expected in first quarter 2014.

The project is expected to create at least 500 new jobs by 2016. 

PHOENIX — PetSmart is opening up a new distribution center in Bethel, Pa. in order to better serve its growing store base and increased demands on its supply chain.

Phoenix -- PetSmart said Tuesday it has named Paulette Dodson to the position of senior VP, general counsel and secretary.
 
Dodson was previously senior VP, general counsel and corporate secretary at Sara Lee Corp. Before joining Sara Lee, she spent 14 years at the Tribune Co. – which owns The Chicago Tribune and The Los Angeles Times – most recently as assistant general counsel for publishing.



 

Fort Worth, Texas -- Fort Worth-based Trademark Property Co. said Tuesday that Dick’s Sporting Goods will open at Alliance Town Center, located in North Fort Worth.

The 50,000-sq.-ft. store will anchor a 140,000-sq.-ft. Phase 2 of the center. Construction on Dick’s is scheduled to begin in July with opening set for summer 2013.

Alliance Town Center, currently 800,000 sq. ft., is a joint venture of Hillwood and Trademark, and is part of the 17,000-acre Alliance, Texas, master-planned community.

Beachwood, Ohio -- Blackstone's flagship real estate fund and DDR Corp. announced Thursday hat a joint venture formed by the two entities has closed on the acquisition of a portfolio of 46 shopping centers previously owned by EPN Group.

The joint venture has assumed approximately $635 million of senior non-recourse debt and has originated an additional $320 million non-recourse loan facility, which has a five-year term.