Distribution

Bryn Mawr, Pa. -- WP Realty and Angelo, Gordon & Co. announced the acquisition of the Shaw’s portfolio, consisting of seven Shaw’s-anchored shopping centers and one free-standing Hannaford Bros. located throughout Massachusetts, Maine and Rhode Island.

The portfolio totals 659,143 sq. ft, is 97% leased and contains a mix of national, regional and local tenants. Shaw’s occupies 419,098 sq. ft. across the portfolio, Hannaford Bros. occupies 45,882 sq. ft., Staples 23,942 sq. ft., among others.
 

New York City -- Smith’s Food & Drug Stores, a division of Kroger Co., has been recognized by the Utah Association of Energy Users as a leader in conservation and energy-use efficiency, The Salt Lake Tribune reported.

The chain, which received the “Outstanding Leadership in Energy Efficiency and Conservation” award on Wednesday at the 26th Annual Western States Energy Conference in Salt Lake City, was recognized for retrofitting its 132 stores in seven states with more efficient energy systems.

Los Angeles -- SPL Realty Partners announced that it has secured a retail space for footwear retailer Aerosoles in Citadel Outlets in Los Angeles.

The 2,059-sq.-ft. store is scheduled to open on May 19 in the new third phase of Citadel Outlets, the only outlet center in Los Angeles County. The space boasts almost 50 ft. of frontage and sits adjacent to Under Armour, across from adidas and converse and steps from a large parking field.

MENOMONEE FALLS, Wis. — Kohl’s reported that its first quarter diluted earnings per share increased 14% to 73 cents, in line with Citi and Stifel analysts expectations and with the company's updated guidance that EPS would be toward the high-end of 68 cents to 73 cents (provided on May 5). Net income for the quarter was $211 million, compared with $199 million (64 cents per diluted share) a year ago. Net sales were $4.2 billion, an increase of 3.1% for the quarter. Comparable-store sales for the quarter increased 1.3%.

WAYNE, N.J. — Toys"R"Us is installing the largest rooftop solar power installation in North America at its distribution center in Flanders, N.J. Staging for the system is currently underway and construction will conclude this summer. Upon completion, the 5.38 megawatt on-site solar array will occupy 869,294 sq. ft. It is estimated to generate 72% of the electrical needs for the Toys"R"Us facility, which is the largest of the chain’s 10 DCs and covers over 1.5 million sq. ft., in addition to the roof, which spans 32 acres.

EDEN PRAIRIE, Minn. — Supervalu banner Save-A-Lot has appointed a new leader, replacing company veteran Bill Shaner, who has lead the division since 2006.

New York City -- Kohl’s Corp. is looking to focus on smaller stores as it continues to expand across the country, chairman and CEO Kevin Mansell said in remarks following the company's annual meeting Thursday, according to The Business Journal.

The chain expects to open about 40 stores this year, and 30 of them will be smaller models. Kohl’s smaller footprint generally averages about 60,000 sq. ft. as compared with 90,000 sq. ft. for a typical store, the report said.

Eden Prairie, Minn. -- Supervalu has named Santiago Roces, a former Wal-Mart Stores executive, as the CEO and president of its discount Save-A-Lot division. Roces, who most recently served as senior VP and general manager of Wal-Mart's small-format division, replaces Bill Shaner, who led Save-A-Lot since 2006 and worked for Supervalu for 27 years.

Supervalu it plans to double the number of Save-A-Lot stores, growing it to more than 2,400 locations by the end of 2015.

Dallas -- Transplace, a leading provider of transportation management services and logistics technology, announced that Anna’s Linens has selected the third-party logistics provider (3PL) as its 2010 Business Partner of the Year.

Anna’s Linens recognized Transplace, which manages all of the specialty retailer’s domestic transportation activities, for delivering supply chain improvements via the 3PL’s managed services solution and logistics technology.

Organic growth initiatives come out on top (46%) when it comes to how to increase market share, followed by a mix of organic growth and M&A (22%) and primarily M&A (22%), according to a survey of 152 senior financial executives of global retail companies by KPMG International.