Department Store

Chicago -- A report released Tuesday by retail foot traffic counter ShopperTrak identified the 10 holiday shopping days that will make or break the period for retailers.

“Since Christmas falls on different calendar days each year, the shift impacts which days are the busiest,” said ShopperTrak co-founder Bill Martin. “Some change in ranking or drop off completely.”

Dallas -- Zale Corp. said Monday it has appointed Subha Ramesh as senior VP real estate, effective immediately.

Ramesh, who will report to chief administrative officer Matt Appel, was previously senior VP of Hilco Real Estate. Prior to that, she spent eight years at Limited Brands as senior VP real estate and as VP real estate for Intimate Brands.

New York City -- Winick Realty Group said Tuesday that Maurice Badler Fine Jewelry has signed a long-term lease for its 954-sq.-ft. flagship store at 485 Park Avenue, between 58th and 59th Streets on Manhattan’s Upper East Side.

The new store is scheduled to open in early November.
 

HOFFMAN ESTATES, Ill. — Sears Holdings announced that its Shop Your Way Rewards members can now receive 5% back on all qualifying purchases at Sears and Kmart stores through Jan. 28, 2012. 

"We know budgets are tight, so we want to reward our customers by offering them ways to stretch their dollar," said Dave Friedman, SVP and president marketing at Sears Holdings. "We believe this program will help families get more out of every visit to Sears and Kmart when they use their Sears card."

New York City -- RCS Real Estate Advisors said Tuesday it has been retained by bridal retailer Priscilla of Boston to facilitate the closing of its business.

According to Ivan L. Friedman, president and CEO of RCS, the company will facilitate the closing of all 20 Priscilla of Boston locations, effective Dec. 31, by negotiating cost-effective lease terminations or locating replacement tenants.

Priscilla of Boston announced its closing in early September.
 

New York City -- Macy’s announced it plans to spend about $400 million over the next four years to remodel and update its legendary store at Herald Square in Manhattan.

As part of the project, the store’s space will be expanded by 100,000-sq.-ft., giving it a total of 1.2 million sq. ft. of selling space. The additional space will result from opening up space currently used for stock and offices and extending the mezzanine level in the Broadway Building.

Minneapolis -- Target Corp. said Tuesday that its CFO and executive VP Doug Scovanner will retire from his posts effective March 31, 2012.

He will remain with the company for the next five months to assist with the transition, according to the retailer.

A successor has not yet been named.

Scovanner has served in his current role since 1999.
 

DALLAS — Zale Corp. announced that Subha Ramesh has been named SVP real estate. Ramesh will report to Matt Appel, chief administrative officer.