Atlanta — Teavana Holdings, Inc. plans to acquire the assets of Teaopia Ltd., a leading specialty tea retailer in Canada, for $26.9 million in cash. Teaopia currently has 46 stores in Canada.
Los Angeles — The transformation of Baldwin Hills Crenshaw continues with the recently completed, multimillion-dollar renovation of Macy’s.
Sean Jones, CPM, Director of Procurement & Strategic Sourcing, USM, An EMCOR Company Strategic sourcing in landscape maintenance services.
Mooresville, NC — Michael K. Brown, EVP and chief information officer of Lowe’s Companies, Inc., plans to retire after almost 28 years with the company in store operations and IT.
Houston — Over the last year, Mattress Firm Holding Corp. opened 41 stores and completed the acquisition of 55 stores from Mattress Giant. This year, Mattress Firm plans to acquire Mattress Giant.
Minneapolis — Brian Dunn has resigned as CEO and director of the board of Best Buy Co., Inc. Director G. Mike Mikan has been named interim CEO while a search for a new CEO is underway.
New York City — The iconic SoHo Apple store, located at 103 Prince Street, is nearing completion of a $20 million renovation and expansion.
Fort Worth, TX — Pier 1 Imports, Inc. has a new 3-year growth plan beginning in fiscal 2013 that includes store refurbishments, remodels, new openings and strategic relocations.
Atlanta — Rheem has promoted Sal Brunetto to corporate national accounts manager. A veteran of the company’s tankless business unit, Brunetto joined Rheem in 2008.
Indianapolis — Saks Fifth Avenue OFF 5TH will anchor two new centers in development by Simon Property Group, Inc.’s Premium Outlets® division in Arizona and Missouri.