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  • Walmart’s Foran and McKenna to offer views in NY

    In a break from tradition, Walmart is hosting an investor meeting in New York on April 1 with the new team of top executives who are driving the latest round of changes at the retailer’s U.S. business.

    A 90 minutes session scheduled to begin at 10 a.m. EST on April 1 at the New York Stock Exchange will be hosted by Walmart U.S. President and CEO Greg Foran.

  • Fred's names former Walgreens exec as head merchant

    Putting aside a worse than expected fourth quarter loss, regional discounter Fred’s could be on the cusp of more meaningful growth after assembling a roster of top executive talent under the leadership of CEO Jerry Shore and president Mike Bloom.

  • Fred’s Super Dollar names new merchandising, store ops and supply chain execs

    Memphis, Tenn. -- Fred's Super Dollar has announced several key management changes, including the appointment of Walgreens veteran Bryan Pugh as chief merchandising and marketing officer.  

    In other changes, Craig Barnes has been promoted to executive VP supply chain, global and domestic logistics; and Mike Holligan has been promoted to executive VP store operations.
     

  • Dividend Capital acquires South Cape Village for $35 million

    Boston -- Cushman & Wakefield announced the sale of South Cape Village in Mashpee, Massachusetts, to Dividend Capital. The Cushman & Wakefield team oversaw the $35.45 million transaction of the Roche Brothers-anchored lifestyle center on behalf of Mashpee Investors, LLC.    

  • Risk-Averse Strip Mall Landlords Seek 'Internet-Proof' Renters in Smaller Spaces

    By Neil Axler

    “You can’t get your nails done online, you can’t get dry cleaning done online and you can’t eat the Internet.” These are the dominant themes from retail clients (property owners) over the last few years. Today’s shopping center acquirers are looking for “necessity centers” with a stable rent roll. These centers consist of restaurants, nail salons and other destination retail that is not competing with e-commerce.

  • Five Below opening 70 stores in 2015

    Philadelphia -- Five Below Inc. on Wednesday reported better-than-expected fiscal fourth-quarter net income of $33.3 million. It also confirmed plans to open 70 stores in 2015, up from 62 in 2014.

    Net sales in the quarter, ended Jan. 31, increased by 24.4% to $263.8 million from $212.0 million the year-ago period. Same-store sales increased by 3.2%. The results exceeded Wall Street expectations.

    For the year, the company reported profit of $48 million. Revenue was reported as $680.2 million.

  • One Hundred Oaks now under JLL management

    Nashville, Tenn. -- JLL announced the firm has been retained to manage One Hundred Oaks located in Nashville, Tennessee, on behalf of LaSalle Investment Management. The nearly 1 million-sq.-ft. medical mixed-use property sits on 54 acres, half of which houses the Vanderbilt University Medical Center.

    The property’s retail tenant mix includes national, regional and local retailers, and is anchored by Regal Theatres, Burlington Coat Factory, Ross, TJ Maxx, Petsmart and Michaels.

  • Fred’s to acquire specialty and retail pharmacy company for $66 million

    Memphis, Tenn. -- Fred's announced that it has signed an agreement to acquire EntrustRx, a specialty pharmacy operation that has a strong regional presence in the Southeast, as well as the single Reeves-Sain retail pharmacy in Murfreesboro, Tennessee. EntrustRx, which is licensed in all 50 states, dispenses specialty pharmaceuticals to treat complex conditions and diseases that typically require ongoing support for extensive periods of time.

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