News

Rent-A-Center appoints veteran IT leader as new CIO
Rent-to-own retailer Rent-A-Center Inc. has named Angela Yochem to senior VP, IT and CIO.

Yochem’s responsibilities will include developing Rent-A-Center’s IT talent; expanding recently developed technologies; enhancing the company’s web, online and mobile solutions; and providing technology leadership for new opportunities.
Steelpointe Harbor hits stride
In Bridgeport, Connecticut, one of the most ambitious and unique waterfront developments in the nation continues to take shape.

Crossing Over: Bridge Park builds community connection

In Dublin, Ohio, an ambitious new development is taking shape – a project with the potential to literally and figuratively remake the city’s development landscape. The project is Bridge Park, a $350 million mixed-use development that is the central component of a larger 1,100-acre Bridge Street District development plan. The project is the first step in a comprehensive master-planned vision that was formally approved by Dublin’s City Council in 2010.
How the West will be won

The tenant mix is neighborhood shopping centers is western states is transforming as centers looking to remain relevant to shoppers and more effectively compete with other types of centers.
Online specialty retailer adds C-level IT exec

ModCloth, a San Francisco-based e-commerce retailer focused on vintage and independent apparel styles, has named Nicholas Genest as CTO.

Genest joins ModCloth with more than 15 years' experience across consumer, tech and online retail industries. He most recently served as the CTO for the online luxury consignment retailer The RealReal, where he strategically led the development of their mobile, web and data technologies since 2013.
NRF lauds retail supporters in Congress

The National Retail Federation (NRF) is saying thanks to representatives in Congress who back retailers on important issues.
Toys ‘R’ Us names AEO exec as global tech head

Toys “R” Us Inc. is creating a new position of CTO and turning to a veteran of American Eagle Outfitters (AEO) to fill it.

Lance Wills will join Toys “R” Us as executive VP, global CTO effective June 13. He will report directly to chairman and CEO Dave Brandon. In his newly created role, Wills will oversee global and IT digital strategy, including governance and infrastructure.
Supervalu lays financial groundwork for Save-A-Lot spinoff

Grocery giant Supervalu Inc. is one step closer to separating its troubled Save-A-Lot banner.

Supevalu, which initially announced it was exploring spinning off Save-A-Lot into a standalone, publicly traded company in July 2015, has completed the amendment of an existing $1.5 billion senior secured term loan agreement. This amendment permits the company and its subsidiaries to undertake certain transactions deemed necessary to enable a spinoff of Save-A-Lot.
Webinar: Data drives store performance

When store managers have timely access to traffic and conversion data, good things happen.
Gamification comes to Grand Bazaar Shops

The Grand Bazaar Shops in Las Vegas has added an experiential element to the center, which lets visitors play games and engage with tenants in new ways.

The introduction of new interactive, digital games means guests can now play games on their phones and the center’s website to win prizes redeemable across Grand Bazaar Shops’ retail and dining venues.
Abercrombie taps Target, Victoria’s Secret execs as brand presidents

Abercrombie & Fitch Co. has named two veteran retailers to head up its divisions.

The teen apparel retailer named Stacia Anderson as president of its namesake brand, and also its abercrombie kids division. Anderson is a 20-year veteran of Target Corp., where she most recently served as senior VP of merchandising. She will join Abercrombie on June 13.
CVS says 'so long' to printed receipts

Photo: CVS Pharmacy President Helena Foulkes unveiled digital receipts in a surprise appearance on ABC's Jimmy Kimmel Live on Friday evening.