News

SMYRNA, Ga. — Tri-Land Properties has broken ground for the redevelopment of The Crossings at Four Corners here in Smyrna, Ga. The 8-acre site will be home to Kroger’s largest supermarket in the Atlanta area: a 96,000-sq.-ft. grocer replete with fuel station, a wine shop and drive-through pharmacy.

SALISBURY, N.C. — The Food Lion Family and Bloom has recognized Scott Brinson as the recipient of the 2010 store manager excellence award. Brinson, who is the store manager of Food Lion in Jacksonville, N.C., was selected from a group of seven other market/banner winners.

The store manager excellence awards are a key part of Food Lion Family's and Bloom's efforts to acknowledge the leadership role store managers play. Food Lion Family president Cathy Green Burns presented Brinson with the award earlier this week during the company's Leadership Summit.

New York City -- Borders Group may file for bankruptcy reorganization as early as Monday or Tuesday after failing to persuade publishers and others to go along with a plan to refinance the struggling chain's debt, according to the Wall Street Journal.

The retailer plans to initially close about 200 of its 674 stores, the report said, which cited unnamed sources.

Department stores and shopping centers malls are gaining market share for the first time in three decades, according to consultants Customer Growth Partners, and this month most will report their best annual earnings in years -- if not ever.

“Department stores from Macy’s to Nordstrom, and mall operators from Macerich to Simon, have used the recession not just to cut costs, but to reinvent themselves,” said Craig Johnson, president, Customer Growth Partners, a consulting and research firm serving retail and other consumer industries.

By Katherine Oberle and Monica Sloboda, [email protected], [email protected]

On November 18, 2010, the U.S. Green Building Council announced the long-awaited launch of its newest green building rating system, LEED for Retail. There are two distinct certification tracks available, LEED for Retail: New Construction and LEED for Retail: Commercial Interiors. 

New York City -- One-third (29% ) of consumers across eight major economies have been victims of credit-card fraud in the past five years, according to the 2010 Global Card Fraud Survey by ACI Worldwide, an international provider of payment systems.

New York City -- The California Supreme Court says merchants in the state can no longer ask credit-card customers for their ZIP codes, the Associated Press reported.

It was almost all good news for Advance Auto parts this week, as the company reported record fourth-quarter sales and profits. Fourth-quarter earnings per share increased 46% to 57 cents compared with 36 cents during the comparable period the prior year, and full-year profits rose to $3.95 from $2.83 the prior year.

MOORESVILLE, N.C. – Lowe’s personnel changes are becoming hard to keep up with.

NEW YORK -- Macy's has announced the launch of "Edie Rose Home," an exclusive tabletop collection designed by actress Rachel Bilson, now available at select Macy's stores nationwide and on macys.com.