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  • Retail holiday hiring in 2012 reached highest level since 2006

    New York -- Hiring by the nation’s retailers this past holiday season was at the highest level in six years despite the uncertain economy, Superstorm Sandy and the presidential election, according to an analysis of government job data by Challenger, Gray & Christmas, Chicago, a leading outplacement consultancy.

  • RILA announces appointments in retail operations

    Arlington, Va. -- The Retail Industry Leaders Association (RILA) announced that Garth Gasse has joined the association as director of retail operations, asset protection and Lisa LaBruno has been promoted to SVP retail operations.

  • Kevin Peters to leave Office Depot

    Office Depot on Friday announced that Kevin Peters had resigned from his role as president of the retailer’s North American division effective immediately.

    Office Depot said Peters was leaving the company after five years to become CEO of an unidentified industrial distribution company.

  • Greeting card publisher gets new director

    Detroit, Mich. — Greeting card publisher Avanti Press has named Kari Knowlton as its new director of business development.

    Founded by Rick Ruffner in 1980, Avanti Press publishes the Avanti and A*Press greeting card collections. The Detroit-based publisher’s everyday and seasonal card collections are carried in leading regional and national retail outlets as well as independent retail outlets throughout the United States, Canada, United Kingdom and other countries worldwide.

  • Virgin Megastore France to declare itself insolvent

    Paris -- A Friday report by Reuters said that Virgin Megastore’s French division will declare insolvent next week, slated to unveil a plan to file for payments suspension on Jan. 7.

    The French operation is the latest victim of the slump in CD and DVD sales.
     
    Virgin France is owned by private equity firm Butler Capital Partners, and operates 26 Virgin-branded stores in France.

     

  • Nordstrom to open in Minnetonka, Minn.

    Seattle -- Nordstrom plans to open a full-line store in Minnetonka, Minn., at Ridgedale Center, which is owned by General Growth Properties.

    The store will be approximately 138,000 sq. ft. and will open in fall 2015. It will be Nordstrom's second full-line store in Minnesota.

     

  • DDR acquires two power centers for $151 million

    Beachwood, Ohio -- DDR Corp. on Thursday announced the acquisition of two prime power centers for $151 million during the fourth quarter.

    DDR purchased Carolina Pavilion, located in Charlotte, N.C., from Blackstone Real Estate Partners for $106 million. The 94% leased, 852,000-sq.-ft. center is anchored by Target, Kohl's, Nordstrom Rack, Ross Dress for Less, Buybuy Baby, Bed Bath & Beyond, Jo-Ann Fabric and Craft Stores and AMC Theatres.

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