Sales & Marketing

Oxnard, Calif. -- New York City-based Centro Properties Group announced that Wet Seal has opened a 6,000-sq.-ft. store at Esplanade Shopping Center, located in Oxnard, Calif. 

The new store celebrated its grand opening on April 16.

Centro Properties Group is the owner of Esplanade Shopping Center.

Matthews, N.C. -- Family Dollar Stores announced Monday that it has named Brad Rogers to the position of VP real estate development.

Rogers will report to Keith Gehl, senior VP real estate and facilities.

Rogers began his career at Family Dollar in 1998 as real estate manager. Since joining the company, he has held additional roles in the real estate division, most recently serving as regional VP of the real estate portfolio and new stores.
 

Target was in the top half of a group of 33 pharmacy retailers ranked by readers of Consumers Reports in the publication’s May issue. Target’s pharmacy received a score of 88 out of a possible 100, which put it well ahead of larger pharmacy operators such as CVS and Walgreens, both of which scored 82 and last-ranked Walmart, which scored 78.

Bentonville, Ark. -- Wal-Mart Stores reported in a filing on Monday that its CEO  Mike Duke received compensation valued at $18.7 million last year, less than a year earlier, as U.S. store sales dropped.

Duke received incentive pay, which is tied to Wal-Mart’s financial performance, of $3.85 million in the year ended Jan. 31, down from $4.8 million a year earlier.

His salary rose 2.4% to $1.23 million, based on U.S. Securities and Exchange Commission rules. A year earlier, Duke’s compensation totaled $19.2 million.

CAMP HILL, Pa. -- Rite Aid announced that Tony Montini has been promoted to EVP merchandising. In his new position, Montini will oversee field merchandising and the company’s new store format development in addition to his current responsibilities for category management. 

Montini most recently served as SVP category management. He will continue to report to Ken Martindale, Rite Aid COO.

Houston -- Men's Wearhouse announced Monday that company president and COO Douglas S. Ewert will succeed founder George Zimmer as president and COO, effective June 15.

According to the retailer, the transition is part of a previously announced succession plan.

Ewert, 47, has been nominated by the board to be elected as a director of the company at the annual shareholder meeting and will be included in the list of nominees in the proxy statement for consideration by the shareholders.

SAN JOSE, Calif. -- eBay announced that its is now offering limited-time pricing for broken or damaged iPods, iPhones and iPads through its Instant Sale program. Additionally, eBay said it will offer every user that sends in their device -- broken or not -- a bonus $5 eBay gift card and a matching $5 donation to Global Green USA.

Through April 30, eBay Instant Sale will begin paying up to $150 for broken iPads, $100 for iPhones, and $50 for iPods. 

From where I sit, I’ve noticed a certain “buzz” of optimism in our industry -- frustrations and anxieties from a tough couple of years seem to be giving way to increasingly sunny retail sales forecasts. Is this sudden sense of optimism justified by cold, hard facts? Or, is this increasing sense of optimism somewhat irrational?