Department Store

New York City -- Tiffany & Co. has named Frederic Cumenal as executive VP, effective March 10.

Cumenal, 51, will be responsible for the company’s businesses in Asia, Japan, Europe and Emerging Markets, and will report to chairman and CEO Michael J. Kowalski. He joins Tiffany from the LVMH Group where most recently he was president and CEO of Moët & Chandon, S.A.

NEW YORK -- Following its emergence from bankruptcy, Loehmann's announced some executive changes. According to the company, CEO Jerald Politzer, who guided the company through this successful bankruptcy process, has chosen to leave Loehmann's. Joe Melvin, the company's COO and CFO will assume the role of interim CEO.

New York City -- Target has partnered with two local developers to purchase a 7.9-acre United States Postal Service site in the Throgs Neck section of Bronx, N.Y., for $35.2 million, where they plan to build a 300,000-sq.-ft. mall, according to New York Read Estate News.

If Black Friday and Cyber Monday 2010 numbers were any indication, retail may well be prepping for some measurable bounce in 2011.

But the road to recovery isn’t going to be without frustrations, according to Chicago-based Jones Lang LaSalle’s North America Retail Outlook report, released in November.

The inaugural report examined retail real estate fundamentals such as vacancy levels, rental rates and investment sales volumes -- and drew the conclusion that 2011 would see a “slow and arduous retail sector recovery.”

South Bend, Ind. -- Indianapolis-based Kite Realty Group announced that Urban Outfitters will open at Eddy Street Commons at Notre Dame in South Bend, Ind.

The retailer has leased 8,627 sq. ft. and is part of a newly developed mixed-use development that consists of a large book store, hotel, several unique restaurants and other apparel stores.

Urban Outfitters is scheduled to open late this summer.

Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Elevation Burger has opened a 2,245-sq.-ft. restaurant at Moorestown Mall, located in Moorestown, N.J.

The casual eatery is located next to Bistro Express, with both a mall entrance and an outside entrance, and is a market first for the concept.

Another new concept to South Jersey also recently opened at Moorestown Mall -- Bubby’s Brisket. The 1,017-sq.-ft. restaurant is located in Moorestown Mall’s Food Court.

New York City -- Retailer demand for new locations is up across the board, according to ChainLinks Retail Advisors’ just-released National Retailer and Restaurant Expansion Guide. The report details the current expansion plans for hundreds of the largest U.S. retail and restaurant chains.

New York City -- Shareholders of J.Crew Group have approved a $3 billion deal to be taken private by two investment firms.

The $43.50-per-share buyout by private-equity firms TPG Capital and Leonard Green & Partners is expected to close on or near next Monday. J. Crew CEO Millard (Mickey) Drexler will remain with the company.