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Retail

  • CSA hires tech expert

    New York -- Chain Store Age is pleased to announce that Dan Berthiaume has joined the staff as senior editor, technology.  

    Berthiaume, who started covering retail technology in 1998, brings a wealth of experience to his new position. He served as corporate content manager of Retail Systems AlertGroup from 1998 to 2006, writing and editing the company's retail tech publications and overseeing its website, and then moved on to a successful freelance career, reporting on technology for a variety of print and online publications.

  • Jones Lang LaSalle expands retail expertise in Midwest

    Indianapolis -- Jones Lang LaSalle said that Rebecca Wells has been named EVP in the company’s Indianapolis office, part of its Capital Markets arm.

    In her new role, Wells will work closely with Midwest Capital Markets leader and International Director John Huguenard to expand the firm’s platform of services, focusing on retail and office dispositions in the Midwest.

    Wells joins Jones Lang LaSalle from national commercial real estate firm Cassidy Turley, where she served as SVP Institutional Sales Group.

     

  • Orvis to open at Village at Leesburg

    Leesburg, Va. -- Cypress Equities said that Orvis will open a new store at the 1.2 million-sq.-ft. Village at Leesburg mixed-use project in Leesburg, Va.

    Orvis will occupy 6,022 sq. ft. in a new 13,000-sq.-ft. retail building currently under construction. Orvis is slated to open in fall 2013.

  • S&S sells Sunoco portfolio for $32 million to Cole Real Estate

    Dallas -- S&S Enterprises said it has sold a portfolio of 12 Sunoco fuel centers and convenience stores in central and southeast Florida for $32 million to entities managed by Cole Real Estate Investments.

    The portfolio consists of 37,275 sq. ft., with seven of the 12 locations having been redeveloped and all locations having received 20-year lease extensions.

  • Waffle restaurant expands presence with Strand on 5th unit

    Huntington Beach, Calif. -- Bruxie announced that it opened its fifth waffle restaurant, with a new unit in Southern California in Huntington Beach on April 23.

    Bruxie Gourmet Waffles opened at The Strand on 5th, a collection of shops and restaurants, boutique hotel and office space. Other key retail tenants to the coastal attraction include RA Sushi, Forever 21, Skechers, Active Ride, Rip Curl, Merrilee’s Swimwear, Johnny Rockets, ANGL, and CVS Pharmacy.
     

  • Aaron’s names COO

    Atlanta -- Aaron's said that David L. Buck has been named COO. Ken Butler, age 60, will be retiring as COO after a 39-year career at Aaron's effective May 1. He will also resign from the Aaron's board of directors.
       
    Buck, age 63, was promoted to senior VP, operations earlier this year. He has risen steadily through the Aaron's management development program during his 24 years with the company.

     

  • Cabela’s profit surges 73% on guns and ammo sales

    Sidney, Neb. -- Cabela’s first quarter profit rose 72.9%, topping expectations, on strong sales of firearms and ammunition. Net income rose to $49.8 million, up from $28.8 million in the year-ago quarter.
     
    Revenue increased 28.7% to $802.5 million from $623.5 million last year. Analysts expected revenue of $770.5 million.
       

  • Safeway Q1 profit up

    Pleasanton, Calif. -- Safeway Inc. on Thursday said it earned $118.9 million, in the first quarter ended March 23, up from $72.9 million a year earlier, helped by tax benefits. The company maintained its forecast for the year.

    Net sales inched down to $9.99 billion, from $10 billion a year ago, as the company sold its Genuardi’s division. Same-store sales rose 1.5%.

     

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