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Retail

  • Pine Tree names Ryan Montes property manager

    Northbrook, Ill. Pine Tree Commercial realty has appointed Ryan Montes to the post of property manager and asset management coordinator. Montes will manage three Pine Tree assets, while overseeing quarterly asset management meetings and portfolio reporting.

    Montes comes to Pine Tree from Miller Capital Advisory’s asset management and reporting group, where he handled reporting and analysis for over 10.4 million sq. ft. of regional and lifestyle shopping centers.

  • Cobbs Ford Village in Prattville, Ala., adds tenants

    Nashville, Tenn.GBT Realty has announced that Firehouse Subs, Aspen Dental, Bama Fever Tiger Pride, Smashburger and Edible Arrangements will be coming to Cobbs Ford Village, a new in-line shopping center in Prattville, Ala.

    Starbuck’s and Gigi’s Cupcakes have already opened at the shopping center, and Chipotle will open in mid February. Two 1,600-sq.-ft. places remain available.

  • Coupons.com appoints new VP of investor relations

    Coupons.com has appointed Lance M. Meyerowich as the company’s VP of investor relations. Meyerowich, who has two decades of experience on Wall Street, will report to CFO and chief operating officer Mir Aamir.

    “Lance is extremely well known and respected in the financial community,” said Aamir. “I’m thrilled that he’s joining our growing team.”

  • Roundy’s makes public offering of 8.8 million shares

    Milwaukee -- Roundy’s, Inc. has set the pricing of an underwritten public offering of about 8.8 million shares of its common stock at a price to the public of $7 per share. The company is offering 2.9 million shares of its common stock, and certain selling stockholders are offering 5.9 million shares of Roundy’s common stock.

  • Retail employment is on the rise

    The National Retail Federation (NRF) calculated that retail employment was down 21,600 jobs in January 2014, yet up 230,000 jobs year-over-year. December retail employment figures were revised up to a gain of 57,000 jobs.

    The Bureau of Labor Statistics Employment Situation report showed that January total nonfarm payroll employment rose by 113,000, with the unemployment rate at 6.6% and the labor force participation rate at 63%.

  • Kirkland’s sales rise in 2013

    Nashville, Tenn. – Kirkland’s Inc. reported improved year-over-year net sales for the full fiscal year 2014 but a decrease in the fourth quarter. Net sales increased 2.7% to $460.6 million during fiscal 2014, compared with $448.4 million the prior fiscal year, while same-store sales rose 0.5%.

    During the fourth quarter, net sales decreased 4.2% to $156.1 million, compared with $162.9 million in the previous fourth quarter. Same-store sales were flat.

  • Declining mall traffic affects Bebe in Q4

    Bebe Stores had a difficult second quarter. The company reported a net loss of $5.5 million, which it said was partly fueled by declining mall traffic and an aggressive promotional environment across the industry.

    Net sales declined 4.1% to $130 million, from $135.5 million reported for the second quarter a year ago. Same-store sales decreased 1.9%.

    CEO Steve Birkhold acknowledged challenges, but cited sequential improvement in same-store sales and holiday sales, as well.

  • Report: HVAC vendor confirms possible link to Target breach

    Minneapolis -- Fazio Mechanical Services Inc., a heating and refrigeration vendor based in Sharpsburg, Pa., has reportedly confirmed it was the victim of a cyber attack that may have allowed hackers to gain access to financial and personal data of millions of Target customers. According to the Associated Press, the Secret Service confirmed it is investigating Fazio, which released a public statement acknowledging the investigation.

  • Duke not done yet, sustainability and WSJ beckon

    Former Wal-Mart Stores, Inc., president and CEO Mike Duke is among an impressive roster of top business executives slated to participate in a Wall Street Journal executive conference called ECO:nomics — Creating Environmental Capital.

    The event, scheduled for April 2-4 at the Bacara Resort in Santa Barbara, Calif., is billed as a day of no holds barred interviews in an interactive format that offers unparalleled networking.

  • KKR & Co. to acquire National Vision Inc.

    New York -- Private equity firm KKR & Co. will acquire National Vision Inc. from Berkshire Partners.

    National Vision, which focuses on low-cost glasses and contacts, operates more than 750 retail locations under names that include America's Best Contacts & Eyeglasses and Eyeglass World. It also has stores inside Wal-Mart Stores Inc, Fred Meyer, and military bases.

    Terms of the deal were not disclosed. The management team of National Vision is expected to remain a significant investor in the company, KKR said.

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