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  • ABS Partners announces Foot Locker relocation in Manhattan’s SoHo district

    New York -- Following a two-year search, Foot Locker has moved one of its Manhattan locations from 541 Broadway to 440 Broadway in SoHo one block north of Canal Street, according to ABS Partners Real Estate.

    ABS Partners negotiated a 10-year net lease on behalf of Foot Locker for a 9,000-sq.-ft. two-story building plus a lower level.

  • Build-A-Bear Workshop names former Stride Rite exec as new CEO

    St. Louis -- Build-A-Bear Workshop Inc. has appointed Sharon Price John, 49, as CEO, effective immediately. John, who previously served as president of Stride Rite Children’s Group, a division of Wolverine Worldwide, succeeds company founder Maxine Clark, who is retiring as CEO. Clark will remain on the board of directors.

  • Apax rue21 purchase draws claims, investigation

    New York – Law firm Harwood Feffer LLP is launching an investigation into claims against the board of directors of rue21 Inc. regarding the proposed purchase of the company by Apax Partners. On May 23, rue21 announced a definitive agreement for Apax to buy it, with stockholders receiving $42 in cash per share.

  • QVC names Jastrzebski CFO

    West Chester, Pa. -- QVC has appointed Ted Jastrzebski to the position of CFO. Jastrzebski, who will assume his new role in July 2013, will oversee QVC's financial operations, reporting to Mike George, president and CEO of QVC. He spent the last eight years in global leadership positions at The Hershey Company, most recently serving as senior VP and president of Hershey Americas.

  • Neiman Marcus has strong third quarter

    Dallas – Neiman Marcus had a strong third quarter fiscal 2013, reporting a substantial increase in net earnings as well as growth total revenues and same store sales.

    Net earnings grew 13% compared to third quarter of last year, from $62.6 million to $70.8 million from $62.6 million.

    Total revenues increased 4%, from $1.06 billion to $1.1 billion.

    Same store sales grew 3.6%.

     

  • United Supermarkets purchases Llano Logistics

    Lubbock, Texas -- United Supermarkets has completed a transaction to acquire Llano Logistics. Llano has operated United’s two distribution centers – in Lubbock and Roanoke – since their opening.

    The deal closed May 31 and means Llano, which had been owned by Exel, a subsidiary of Deutsche Post DHL, is now owned by United.

    It is the company’s third subsidiary operation in addition to its 52-store supermarket/ convenience store chain. United purchased R.C. Taylor Distributing in 2007 and added Praters Foods in 2009.

  • SoHo mixed-use building sold for $48.5 million

    New York -- RKF said it has arranged the sale of an 18,850-sq.-ft. mixed-use building located at 138 Spring St. in Manhattan's SoHo district.

    The building encompasses 2,000 sq. ft. on the ground floor and 2,600 sq. ft. on the lower level, all occupied by high-end eyewear retailer ILORI. The balance consists of 14,250 sq. ft. of full-floor commercial loft space.

  • Rite Aid taps Provision Interactive for in-store 3D rewards centers

    Chatsworth, Calif. -- Provision Interactive Technologies has entered into a multi-year partnership with Rite Aid Corp. to install Provision’s 3D Reward Centers kiosks inside select Rite Aid stores. The kiosks will generate 3D holographic videos as well as exclusive wellness+ information and Rite Aid promotions.

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