Consumer Electronics

By Mike Romano, [email protected]

Beachwood, Ohio -- DDR Corp. announced Tuesday that it has expanded its redevelopment program in Puerto Rico from $50 million to $90 million.

"Increased demand for quality retail space in this supply-constrained market has created unique value-add opportunities in many of our most productive assets," said Paul Freddo, senior EVP leasing and development, DDR. "By executing our strategic redevelopment plan, we are creating attractive opportunities for our key domestic tenants to establish or expand their presence on the island."

BELLEVUE, Wash. – Former Microsoft executive James S. Pinckney has joined Coinstar as its new corporate leader of strategy and operations, a newly created position.

The move comes a week and a half after the provider of automated retail solutions named J. Scott Di Valerio as its new CEO.

Pinckney has more than 25 years of international general management, strategy and sales experience from Lenovo, Microsoft Corp., The Sabre Group and Hitachi Data Systems Corp.

South Plainfield, N.J. -- National Retail & Development Corp. announced Tuesday that Dick’s Sporting Goods will anchor Hadley Center in South Plainfield, N.J., joining current anchors Target, Kohl’s, Regal Cinemas and Marshalls.
 
Dick’s will occupy 50,175 sq. ft. and plans to open in late summer 2013, which brings Hadley Center to 100% leased.

The 542,000-sq.-ft. Hadley Center is located in a 1.4 million-sq.-ft. mixed-use development, home to more than 120 companies.

New York -- Jerry McDougal, retail VP for Apple Inc., will be leaving the company, according to a Wednesday report by Bloomberg.

He will be replaced by Jim Bean, a VP in Apple’s finance division.

Company spokesman Steve Dowling told Bloomberg that Bean will be an apt replacement for McDougal, who served under former CEO Ron Johnson for many years.

Slidell, La. -- Chattanooga, Tenn.-based CBL & Associates Properties and Covington, La.-based Stirling Properties announced Wednesday the formation of a 65/35 joint venture to develop Fremaux Town Center in Slidell, La.  

Home Depot and Dollar General are among a total of 23 national brand name retailers that now accept PayPal as payment in their physical stores.

PayPal announced plans to sign up a total of 20 large national retailers by the end of 2012. They closed the year with 23, which means shoppers will have the option of paying for purchases with PayPal at 18,000 physical stores around the United States.

Target is relying on two new services providers to operate its mobile business following an end to its short-lived relationship with RadioShack.