Taco John's

San Francisco -- Gap Inc. is expanding its footprint in Latin America. Leveraging its franchise model, the company has opened its first stores in Panamá and plans to introduce its brands to three additional Latin American countries: Colombia, Uruguay, and Peru.

Akron, Ohio -- Sterling Jewelers said Thursday it has named Ed Hrabak, senior VP merchandising, as COO to succeed Bill Montalto, who is retiring from the position in June.

Hrabak has been with Sterling for over 25 years, assuming increasingly greater management responsibility during his tenure.

Sterling also announced that Stuart Lee, VP merchandising, will be promoted to senior VP merchandising upon Hrabak’s promotion to COO.

Covington, La. -- Stirling Properties announced it has acquired Shreveport, La.-based Avant Properties, strengthening Stirling’s presence in the Gulf South.

Avant Properties’ current personnel and portfolio will be integrated into Stirling Properties operations. 

New York City -- A Wednesday report in the Wall Street Journal said that Barnes & Noble Inc. has put its Sterling Publishing business up for sale.

Barnes & Noble acquired Sterling in 2003 for about $115 million.

In the December 2007 issue of Chain Store Age, I wrote about an historic structure on St. Charles Avenue in New Orleans, long-occupied by House of Bultman Funeral Home that was undergoing an extensive redevelopment to accommodate the first Borders bookstore in Orleans Parish.

Northbrook, Ill. -- Hilco Real Estate said Thursday it has formed Hilco Real Estate Managed Asset Resolutions to provide turnkey loan servicing to lenders and other real estate investing entities on their most deeply-distressed loans and REO assets.

Jerry T. Hudspeth has joined Hilco as CEO of the new group. Joining Hudspeth on the leadership team are Ronald M. Lubin, Edmund H. Terry and Michael Tsandilas.

Germantown, Md. -- Children’s apparel brand Carter’s will undergo a major network upgrade to deliver stronger security, better performance, and in-store wireless connectivity to be provided by Hughes Network Systems, a global provider of broadband satellite networks and services, and managed network and application services.