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Mass Merchant

  • Tuesday Morning bolsters board

    Tuesday Morning Corporation has added Frank M. Hamlin, EVP of marketing at Guitar Center, and Sherry M. Smith, who most recently served as EVP and CFO of Supervalu, to its board.

    Hamlin will serve on the nominating and governance committee, while Smith will serve on the audit and compensation committee.

  • Tuesday morning names SuperValu, Guitar Center execs to board

    Dallas - Tuesday Morning Corp. has named Sherry M. Smith, who most recently served as executive VP and CFO of SuperValu Inc., and Frank M. Hamlin, who currently serves as executive VP of marketing at Guitar Center, as independent members of the company's board of directors, effective immediately.  

    Hamlin will serve on the Nominating and Governance Committee and Smith will serve on the Audit and Compensation Committee.

  • Omaha Natural Grocers sells for $6.115 million

    Omaha, Neb. — A private California buyer has purchased a 20,134-sq.-ft. Natural Grocers in Omaha, Nebraska. Mid-America Real Estate Corp. represented the seller, a private developer, in the transaction.

    Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Illinois. The company is the Midwest’s leading full-service retail real estate organization with offices in Chicago, Milwaukee, Minneapolis and Detroit.

  • Walmart and CEOs meet to accelerate supply chain innovation

    Bentonville, Ark. -- Walmart on Tuesday joined with CEOs from more than a dozen global companies to sign new commitments that accelerate innovation in sustainable agriculture and recycling. The pledges kicked off Walmart’s first-ever Sustainable Product Expo, a three-day collaboration to expand the availability of products that sustain people and the environment. Together, the participating suppliers represent more than $100 billion in sales at Walmart.

  • Inland buys Hitchcock Plaza in Aiken, South Carolina

    Atlanta — Inland Real Estate Group has acquired Hitchcock Plaza in Aiken, South Carolina, for $28.9 million. JLL represented the seller, Hendon Properties, in the transaction.

    Ross Dress for Less, T.J.Maxx, Bed Bath and Beyond, Old Navy and Academy Sports anchor the 252,097-sq.-ft. center.

  • Buxton launches market share analysis solution

    Atlanta - Buxton is launching its Market Share solution for U.S. retailers. Executives in the retail, restaurant and grocery industries can compare their market share performance to that of an aggregated peer group, giving them insights into how their business is performing to others in their market or industry.

  • New office of the president at Stein Mart

    Stein Mart’s board of directors has appointed D. Hunt Hawkins and Brian R. Morrow to share the newly created office of the president. Both men will continue to report to CEO Jay Stein.

    "Hunt and Brian have made significant contributions in the success of the company," said Stein. "Their promotions are a testament to their leadership that has built a team that has produced seven consecutive quarters of comp store gains, a dramatic departure from the achievements of past management, and reflect the confidence the board and I have in them."

  • Leonard Green managing partner leaves post

    Los Angeles – Peter J. Nolan, 55, one of three managing partners of private equity firm Leonard Green & Partners, is leaving his post. Leonard Green holds investment stakes in major retail chains including J. Crew, Petco, The Container Store, and Topshop/Topman.

    Nolan will serve as a senior advisor to Leonard Green and also serve as a board member of several companies in its portfolio. He is leaving to devote more time to philanthropic activities.

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