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Department Store

  • Redevelopment draws national tenants to Coralwood Center

    Cape Coral, Fla. -- Stiles Realty announced 57,829 sq. ft. of leasing activity at Coralwood Center, one of the largest power centers in Cape Coral, Florida. HomeGoods and Ulta signed new leases totaling 33,819 sq. ft. in fourth quarter 2014. At the same time, anchor tenant Bealls Outlet has signed a lease to expand into a new 24,010-sq.-ft. store, increasing the center's occupancy to 81%.

  • Belk promotes omnichannel head to CIO

    Charlotte, N.C. - Belk Inc. has named Scott Kessler as CIO, effective immediately. Kessler, who will report to John R. Belk, president and COO, has served as Belk’s senior VP of omnichannel solutions delivery since March 2014.
     
    Prior to that role, Kessler has more than 20 years of IT experience, nearly 10 years of which was with GSI Commerce Solutions where he was senior VP of products technology.

  • Report: Target lays off 550 headquarters employees as it exits Canada

    New York -- Target Corp. plans to lay off about 550 headquarters employees as the company winds down its Canadian operations, the Star Tribune reported Wednesday. The retailer is also eliminating 170 positions at its tech operations in India that supported the Canadian venture.

    About 350 of the headquarters job are being eliminated Wednesday, with the remaining employees to be let go after Target’s stores in Canada are liquidated.

  • Mid-America arranges sale of Lafayette Pavilions

    Lafayette, Indiana -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Lafayette Pavilions Shopping Center located in Lafayette, Indiana. The 348,531-sq.-ft. regional shopping center was acquired by a real estate investment trust sponsored and managed by Phoenix-based Cole Capital for $54 million.

    Lafayette Pavilions Shopping Center is located at the southwest corner of State Road 26 and Creasy Lane; it is anchored by Gordmans, Hobby Lobby, Gander Mountain, and TJ Maxx.
     

  • Simon names hotel exec as new senior VP of marketing

     Indianapolis -- Simon announced that Krystal Zell has been named senior VP of marketing. In this newly created role, Zell will oversee the field marketing organization for all Simon Malls, The Mills and Simon Premium Outlets.

    Zell served as VP of Starwood Preferred Guest at Starwood Hotels & Resorts where she led the loyalty strategy, business development and operations for its Starwood Preferred Guest and B2B loyalty programs.





     

  • J.C. Penney expanding Disney shops to additional 116 stores

    Plano, Texas -- J.C. Penney Co. said it plans to expand its in-store Disney shop concept, currently featured in 565 stores, to an additional 116 stores this year. The retailer also announced a collaboration with the upcoming Disney live-action "Cinderella" movie, including the sale of apparel, dolls and a "deluxe" ball gown with "make-believe 'glass'" slippers based on the costume in the movie.

  • Belk names omnichannel exec top techie

    Scott Kessler has been named chief information officer at Belk less than a year after joining the regional department store operator as its top omnichannel executive.   Kessler, who will report to John R. Belk, president and chief operating officer, has served as Belk’s senior vice president of omnichannel solutions delivery since March of 2014.  

  • NRF Wrap-Up Report: Focus on retail trends, tech insights

    New York -- This special report from Chain Store Age offers a recap of the issues and trends that surfaced at the NRF’s 2015 Annual Convention & Expo (the “Big Show”).

    Download the report here and read about retailing’s global outlook, the outlook for online spending, the changing luxury market, hot technology trends and more.

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