Retail

New York City -- Robert K. Futterman & Associates said it has brought Gastón Acurio's Peruvian restaurant concept La Mar to New York City's Madison Square Park, as Acurio’s company has taken over the former Tabla space at 11 Madison Ave.

RKF recently arranged the retail lease assignment, including approximately 9,000 sq. ft. on two floors, in the Credit Suisse Building on the southeast corner of 25th Street.

The restaurant is slated to open in the fall.

New York City -- Prudential Douglas Elliman’s Retail Group announced that it has arranged a space for European fashion icon Piero Guidi at 430 West Broadway in New York City.

The 3,600-sq.-ft., double-height space features all-glass frontage, between Prince and Spring Streets.

City of Industry, Calif. -- Hot Topic said Monday that it is taking a series of steps it hopes will encourage growth, including closing its ShockHound.com music and merchandise website.

The teen retail chain said it will write down unproductive inventory and fixed assets that are not vital to the company's strategy. It also said it plans to stop reporting sales monthly in the third quarter.

Woonsocket, R.I. -- CVS Caremark Corp. announced Tuesday that it has promoted chief marketing officer Helena Foulkes to an expanded role as chief healthcare strategy and marketing officer.

As chief marketing officer, Foulkes led the launch of CVS’s ExtraCare discount card and its Maintenance Choice program that allows Caremark beneficiaries to pick up 90-day prescriptions at CVS pharmacies or get them delivered through the mail.

Kohl’s will open its third distribution center devoted to e-commerce by July as it looks to build on the 50% growth rate experienced last year and surpass annual online sales of $1 billion in 2011.

WASHINGTON -- The nation’s court is set to hear arguments on Tuesday in a decade-old legal fight that could cost Wal-Mart Stores billions of dollars if the 500,000 women claiming sex bias are allowed to band together in a class action.

Wal-Mart is asking the U.S. Supreme Court to end the massive sex discrimination lawsuit in which the women are claiming that the retailer favors men over women in pay and promotions.

Berlin, N.J. -- A.C. Moore Arts & Crafts reported Tuesday that net loss for the quarter ended Jan. 1 was $4.8 million, widened from a loss of $500,000 in the year-ago period.

Sales for the fourth quarter decreased 4.4% $143.2 million, from $149.7 million. Same-store sales fell 4.3%.

COLUMBUS, Ohio -- Retail Ventures reported that income from continuing operations for the quarter ended Jan. 29 was $5.7 million on net sales of $468.5 million, compared with the loss from continuing operations of $5.3 million on net sales of $402.6 million for the same period last year. DSW same-store sales increased 14.9% during the fourth quarter versus an increase of 12.9% last year.