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Retail

  • Walmart could benefit from Tesco’s exit

    With 6,700 stores in 12 markets, Tesco is a formidable competitor globally, but Walmart won’t have to worry about competing with the company on its home turf.

  • Jones Lang LaSalle adds veteran team to brokerage group

    Dallas -- Jones Lang LaSalle announced it has added the veteran team of Robin Smith and Lance W. Taylor to its retail brokerage team, both as senior VPs and both charged with assisting the firm’s growing client base of both retailers and landlords throughout the Southwest.

    The Smith-Taylor team brings with them a two million sq.-ft. portfolio of retail assets that they currently lease on behalf of multiple owners.

    Geno Coradini leads Jones Lang LaSalle Retail for the Dallas/Southwest region.

  • Former Sports Authority exec joins Hilco unit

    Dick Lynch has joined the SD Retail Consulting division of Hilco Trading as SVP of merchandising and strategy.

    In his new role, Lynch will be responsible for helping retailers create shareholder value through process, organization and technology enhancements in the key merchandising and inventory management functions. He will also play a key role in assisting management, owners and lenders in shareholder value creation assignments.

  • RadioShack beefs up executive team; new prototypes in works

    Fort Worth, Texas -- RadioShack Corp. formally announced that it has named two new leaders to its senior management team. Michael DeFazio has been named SVP – store concepts, and Jennifer Warren has been named SVP and chief marketing officer.

  • Mimi's Cafe names VP finance

    Irvine, Calif. -- Mimi's Cafe said Thursday that Scott Miller has been named VP finance, effective immediately.

    Miller most recently was the CFO at El Gallo Giro, a multi-unit taqueria. He also spent 10 years in various financial leadership roles at Carlson Restaurant Inc., with the T.G.I. Friday's and Pick Up Stix brands.

    Mimi's Cafe was recently acquired by Le Duff America , parent to the Bruegger’s Bagels and la Madeleine banners, and has 145 locations in 24 states.

     

  • Sherwin-Williams Q1 profit up; 70- to 80 stores on tap for 2013

    New York -- Sherwin-Williams Co. reported a sales increase of 1.4% in the first quarter ended March 31, thanks to higher volume in the Paint Stores Group. The company expects to open 70 to 80 paint stores in 2013.
    Net income increased 16% to $116.2 million.

    The company's consolidated net sales increased 1.4% to $2.17 billion. The Paint Stores Group saw sales increase 4.0% to $1.17 billion in the quarter. The company pointed to higher architectural paint sales volume across all end-market segments. Comp-store sales for paint stores increased 3.2%.

  • J. C. Penney wins latest court round; rehires company vet Ken Mangone

    New York -- A New York judge on Thursday rejected a request by Macy's to block J.C. Penney from selling Martha Stewart goods under the "JCP Everyday" label for now, while it appeals a ruling allowing the sale. An order temporarily barring Martha Stewart from selling goods branded with her name at J.C. Penney's is still in place.

  • Combined Properties names development/acquisitions lead

    Washington, D.C. -- Combined Properties announced that Scott Kend has joined the company as senior director of development & acquisitions, charged with leading Combined's efforts to acquire new value-add retail shopping centers and mixed-use development projects on the West Coast.  

    Kend will also be responsible for redeveloping portions of Combined's portfolio of retail centers in the Southern California region, as well as working on its mixed-use developments.  

     

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