Department Store

Toronto  - Hudson’s Bay Co. has named Gerald Storch, the former CEO of Toys “R” Us, as its new CEO, effective January 6.  An industry veteran with over 30 years of experience, Storch oversaw the expansion of Toys “R” Us online and international business. Prior to joining the toy giant, he was vice-chairman of  Target Corp., where he founded target.com, and ran the chain’s grocery business.  

North Shore, Long Island, New York - Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, of Douglas Elliman's Retail Group are the exclusive leasing and marketing team for the newly named Krypell Plaza at 15 Northern Boulevard, a two-building retail center being completed at the corner of Glen Cove Road.  The center will be anchored by international jewelry designer Charles Krypell in a multi-level location.  

Hudson’s Bay Co. has looked to a Toys “R” Us veteran as its pick for its next CEO effective Jan. 5, although current CEO Richard Baker will stay on as governor and executive chairman of the retailing company.

Gerald Storch, an industry veteran with over 30 years of experience, oversaw the expansion of Toys “R” Us online and international business. Prior to joining the toy giant, he was vice chairman of Target Corp., where he founded Target.com, and ran the chain’s grocery business. 

New York City - The International Council of Shopping Centers has named 12 shopping centers as winners of its 2014 U.S. Design and Development Awards competition.  ICSC’s U.S. Design and Development Awards are designed to recognize outstanding projects for excellence in the creation of new retail projects, and in the expansion or redevelopment of existing projects, solely within the continental United States.   

A fresh round of unionization efforts appear to be in store for major retailers next spring after organized labor won a favorable ruling regarding how elections are conducted.

Gift cards and clothing top the lists of holiday shoppers this year, according to a new Harris Poll conducted for Macy's.

Brisbane, Calif. - bebe stores announded that Jim Wiggett has been named CEO and appointed to the company’s board of directors, effective immediately. He has been serving as interim chief executive since June 2014.  

More than 3,200 military members, veterans and their families attended the Holiday for Heroes event at Mall of America.

The mall, working with Beyond the Yellow Ribbon, invited attendees to enjoy unlimited rides at Nickelodeon Universe, free breakfast at Hard Rock Cafe, a military resource fair, visits with Santa, an ugly sweater photo booth and prizes valued at more than $200.

This is the first year Mall of America has hosted Holiday for Heroes.