Retail

Brookfield, Wis. -- A joint real estate fund formed by Innovative Capital Advisors and HSA Commercial Real Estate recently purchased the 92,000-sq.-ft. Plaza 173 power center in Brookfield, Wis., in a competitive auction.

Tenants include Dunham’s Sports, Men’s Wearhouse, Famous Footwear and Kessler Jewelers.

New York -- Debra Jensen, CIO of Charlotte Russe, will share how this 500-store fashion retailer leverages real-time POS data to make decisions that drive profitable growth in a Chain Store Age Webinar on June 6, at 2 p.m. ET (11 a.m. PT).

Hear how SAP HANA-based analytics is providing Charlotte Russe with up-to-the-moment, early indicators of sales velocity, margin and inventory position as well as other key metrics. To register, click here.

New Orleans -- Stirling Properties and JCH Development have announced a joint venture to develop the first 6,000-sq. ft. building of Magnolia Marketplace Shopping Center in New Orleans at the intersection of South Claiborne Avenue and Fourth Street. A second phase of the development will commence this fall at South Claiborne and Toledano.

WASHINGTON, D.C. — The U.S. Department of Agriculture has launched the Food Waste Challenge to encourage people to reduce, recover and recycle food waste. 

The Food Waste Reduction Alliance, made up of leading food retail, food manufacturing and foodservice companies, issued the following statement:

Boca Raton, Fla. -- Office Depot has reached an agreement to sell its 50% stake in Office Depot de Mexico S.A. de C.V. to its joint venture partner Grupo Gigante, S.A.B. de C.V. for roughly $690 million in cash.

Office Depot de Mexico, which was founded in 1994 as a joint partnership between Office Depot and Grupo Gigante, has more than 248 stores throughout Mexico and Central America and more than $1.1 billion in annual sales.

BOCA RATON, Fla. — Office Depot has reached an agreement to sell its 50% stake in Office Depot de Mexico S.A. de C.V. to its joint venture partner Grupo Gigante, S.A.B. de C.V. for roughly $690 million in cash.

Office Depot de Mexico, which was founded in 1994 as a joint partnership between Office Depot and Grupo Gigante, has more than 248 stores throughout Mexico and Central America and more than $1.1 billion in annual sales.

Pittsburgh – Dick’s Sporting Goods is opening a new store in Petaluma, Calif., with a three-day grand opening weekend celebration beginning Friday, June 7. The location be the retailer's 28th store in the state of California and its 523rd nationwide.

"We're pleased to be opening a new Dick’s Sporting Goods store in Petaluma, which will enable us to better serve the needs of athletes in the community," said Lauren Hobart , chief marketing officer, Dick’s Sporting Goods..

NEW YORK — Former Macy’s executive Michelle Bogan is returning to management consulting firm Kurt Salmon, as a partner in its retail and consumer products group.

Bogan develops and implements transformational retail strategies, including omnichannel, consumer analytics and localization, and has provided numerous department stores and specialty retailers around the world with her insights and expertise. At Macy's, she led omnichannel strategy and process development for Macy's and Bloomingdale's.