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Planet Fitness to open at White City Shopping Center
Shrewsbury, Mass. -- Charter Realty and Development said that it has leased a 19,300-sq.-ft. space at White City Shopping Center, in Shrewsbury, Mass., to Planet Fitness.
Planet Fitness joins Shaw’s, Dress Barn and Austin Liquors, among others, at the 255,000-sq.-ft. center. -
Macy’s CEO pay package put at $11.3 million
New York -- Macy's CEO Terry Lundgren had a pay package worth $11.3 million in 2012, down 22% from 2011, the Associated Press reported.
Lundgren had a salary of $1.6 million stock and options awards worth $7.7 million, and perks worth about $76,000. The decline came from a 63% smaller cash payment for performance, the report said.
Macy's said the CEO beat the profit expectations for the year but fell short on cash flow, due to a big merchandise purchase at the end of the fiscal year.