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Sales & Marketing

  • Cullinan Properties names new team members

    Peoria, Ill. -- Christopher M. West, COO and partner of Cullinan Properties, announced several additions to the Cullinan team.

    Shawn Luesse has been hired as project manager for the Streets of St. Charles mixed-use development in metro St. Louis. Luesse was previously director of development for the G & T Group, based in Champaign, Ill.

    Seth Marks has joined the team as leasing representative, assisting with the retail, restaurant and entertainment leasing for The Streets of St. Charles and the Quincy Mall in Quincy, Ill.

  • HSN profit rises in Q1

    St. Petersburg, Fla. -- Multichannel shopping retailer HSN Inc. reported Wednesday that net income for the quarter ended March 31 climbed 29% to $26.2 million, from $20.3 million in the year-ago period.

    Results were boosted by robust sales from its Cornerstone unit, which includes banners such as Ballard Design, Frontgate and TravelSmith.

    Revenue overall rose 5% to $747.3 million. Cornerstone saw an 11% sales rise to $205.4 million. HSN segment sales were up 3% to $541.9 million.

  • Microsoft/Barnes & Noble Joint Venture: Winning proposition for both companies

    On Monday, Barnes & Noble Inc. and Microsoft announced a strategic partnership in a new unnamed Barnes & Noble subsidiary that, for the time being, is being identified as Newco. Here some comments from retail consultant Maggie Gilliam (Gilliam Insights) on the new venture:

  • What Target’s annual meeting venue says about CityTarget future

    Target’s annual shareholders’ meeting will be held June 9 in downtown Chicago at the location of a soon-to-open CityTarget store on State Street. The venue is an interesting choice that speaks volumes about the potential for the new urban format.

  • CBL and Horizon Group break ground on The Outlet Shoppes at Atlanta

    Chattanooga, Tenn. -- CBL & Associates Properties and Horizon Group Properties announced that construction will begin immediately on a new outlet center in Woodstock, Ga. The 370,600-sq.-ft. initial phase of the center, to be named The Outlet Shoppes at Atlanta, is scheduled to open in August 2013.

  • CVS raises guidance on solid Q1 performance

    WOONSOCKET, R.I. — CVS Caremark’s president and CEO Larry Merlo told analysts Wednesday morning that he was “very pleased” with its first quarter, as results across both the retail and pharmacy benefit management segments came in at the high end of expectations and its integrated assets continue to demonstrate success and improve patient lives.

  • Wal-Mart CEO to be honored with diversity award

    Chicago -- The Network of Executive Women (NEW) is honoring Michael Duke, president and CEO of Wal-Mart Stores, with its William J. Grize Diversity Hall of Fame Award, on June 28 during Women's Day at the LPGA in Rogers Ark.

    The award, named after the late CEO of Ahold USA, who was an early advocate of industry diversity, is bestowed upon industry leaders who have demonstrated “an enduring commitment to the advancement of women and to creating a diverse and inclusive workplace,” NEW stated.

  • IBM: Mobile commerce up 13%, but supply chain concerns remain

    ARMONK, N.Y. — Mobile commerce increased more than 13% in the first quarter of 2012, according to IBM's first retail economic indicator, a cloud-based analytics report, which examines the state of the online retail sector.

    The increase in mobile commerce sales, along with improved consumer attitudes toward the digital buying experience, indicate that consumers will be shopping more with their smartphones and other mobile devices in the near future.

    Other highlights of the report include:
     

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