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  • Herrick Co. acquires 44 CVS-leased retail properties for $190 million

    Boca Raton, Fla. – Real estate investment firm The Herrick Company Inc., has acquired 44 retail/pharmacy properties located throughout the U.S. The properties, all of which are occupied under long-term triple net leases with CVS Caremark, were acquired for approximately $190 million.

  • Overstock.com announces merchandising/sourcing promotion

    Salt Lake City -- Overstock.com, Inc. has promoted Seth Marks to the position of senior VP of merchandising and strategic sourcing for the online shopping site.

    Marks began his work at Overstock.com in 2013, and has served as VP of sales and special acquisitions. Previously, he co-founded Big Lots Capital, the special acquisitions arm of Big Lots, Inc., and served there as the VP of merchandising.  He also was chief marketing officer and Acquisition Group president of Tuesday Morning Corp.

     

  • Hurricane Grill & Wings to add 22 units in 2014-2015

    West Palm Beach, Fla. -- Wing chain Hurricane Grill & Wings has signed five multi-unit development agreements, representing 22 new locations slated to open in 2014-2015.

    The Florida-based franchised brand opened two locations in early 2014, with plans for a total of 14 new units by the end of this year.

  • Jewel-Osco names VP operations

    Itasca, Ill. -- Jewel-Osco has appointed Scott Hays as VP operations for the Chicagoland supermarket chain.

    Most recently a district manager with Albertsons LLC’s Southern division, Hays will lead the operations team to support Jewel-Osco’s marketing and merchandising initiatives, including the company’s upcoming remodels and opening their five newly acquired Dominick’s locations.

  • Jewel-Osco appoints Scott Hays as VP of ops

    Jewel-Osco has named Scott Hays as VP operations for the Chicagoland grocery store.

    Most recently a district manager with Albertsons LLC’s Southern division, Hays will lead the operations team to support Jewel-Osco’s marketing and merchandising initiatives, including the company’s upcoming remodels and opening their five newly acquired Dominick’s locations.

  • 99 Cents Only net loss widens in fiscal 2014

    City of Commerce, Calif. – 99 Cents Only Stores LLC reported a widening net loss in an abbreviated 10-month fiscal 2014 which was shortened from the Saturday closest to the end of March to the Friday closest to the end of January. Net loss grew to $12.48 million from $8.9 million.

    Total net sales were $1.53 billion, down 8% from $1.66 billion. Same-store sales rose 3.7%.

  • NRF to launch cybersecurity data sharing platform for retailers

    Washington, D.C. - The National Retail Federation is moving forward with the creation of a program that will allow retailers to access to information on cybersecurity threats identified by other retailers, government and law enforcement agencies and partners in the financial services sector.

  • NRF to launch information-sharing platform

    The National Retail Federation is moving forward with the creation of a program that will provide retailers access to information on cybersecurity threats identified by retailers, government and law enforcement agencies and partners in the financial services sector.

    The program, developed in consultation with the Financial Services Information Sharing and Analysis Center (FS-ISAC), will launch with the establishment of an information-sharing platform for retail industry information security specialists, and plans call for a retail ISAC to be established in June.

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