Retail

Overstock.com’s growing Club O rewards program helped to drive 18% revenue growth and $3.5 million in net income for the third quarter ended Sept. 30.

Los Angeles -- Construction has begun on Nadel Architects-designed Juanita Tate Marketplace, a 77,096-sq.-ft. outdoor retail center in South Los Angeles. Owned by Regency Centers, the $21 million development will bring a full-service grocery and retail center to the highly underserved surrounding community.

The center is being designed by Nadel Architects.

Boston – Retailers including CVS and Starbucks, as well as Tavern in the Square and an independent bookstore, are soon coming to the South Station transportation terminal in Boston.

According to the Boston Globe, real estate management firm Equity Office says CVS will open a two-story store in South Station in March 2014. Construction, including an elevator and escalator, is expected to start in November 2013.

Atlanta -- RadioShack and Citi Retail Services announced a long-term agreement to extend their 28-year consumer credit relationship. Under the agreement, Citi will continue to provide service-enhancing solutions and analytics in support of RadioShack’s targets for growth. RadioShack customers will continue to enjoy comprehensive financing programs and top-tier customer service.

Pittsburgh – Dick’s Sporting Goods is opening new stores in Wyoming and Kentucky on Oct. 25. The new stores are located at the Eastridge Mall in Casper, Wy., and Gary Farms in Bowling Green, Ky.

The Casper store will be Dick’s first store in Wyoming, and the Bowling Green will be the retailer’s ninth store in Kentucky. Dick’s will have a total of 547 stores as of Oct. 25.

Cincinnati -- The Kroger Co. named  Michael L. Ellis, senior VP of retail divisions, as president COO effective January 1, 2014, completing the succession plan announced in September.

In September, Kroger announced that chairman and CEO David B. Dillon will retire as CEO on January 1, 2014, and will continue to serve as chairman through December 31, 2014. He will be succeeded by W. Rodney McMullen, Kroger's president and CO, effective January 1, 2014.

CTPartners, a leading global retained executive search firm, has appointed Jefferey DeFazio to be a partner in firm’s consumer and retail practice based in San Francisco.

DeFazio has worked with leading global brands in the consumer and retail industry, placing board members and senior executives in multinational companies, and has also recruited for smaller fast-growing private equity- and venture capital-backed organizations. He joins CTPartners from another major search firm where he spent three years leading the consumer practice on the West Coast.

Bentonville, Ark. – Wal-Mart Stores will reportedly close 20 underperforming stores in China next year as part of an overhaul of its Chinese operations. According to Bloomberg, Wal-Mart is restructuring its business in China, including a new management structure and more efficient purchasing operations.

However, Wal-Mart still plans to open 100 stores in China during the next three years. A Wal-Mart executive said the stores being closed there do not have ideal locations or layouts.