Monmouth Junction and Paramus, N.J. — Two new property management assignments in Monmouth and Bergen counties reflect targeted retail-sector expansion for Cushman & Wakefield’s New Jersey Asset Services practice. The shopping centers, Heritage Square in Monmouth Junction and Paramus Junction in Paramus, add approximately 166,000 square feet to the team’s portfolio. Wasa Properties named Cushman & Wakefield to manage the 80,504-square-foot, three-building Heritage Square in Monmouth Junction. Michael Nevins and Betty Walker secured the assignment for Heritage Square, which is home to PetSmart, Bob’s Discount Furniture, Dunkin’ Donuts, Subway, Rita’s …
retailers
Birmingham, Ala. — Scott J. Bowman, senior vice president and chief financial officer of Hibbett Sports, Inc., an athletic specialty retailer, is resigning effective April 26, 2019. “On behalf of the board of directors and our leadership team, I would like to thank Scott for his contributions as CFO for more than 6 years,” says Jeff Rosenthal, president and chief executive officer. “During his time at Hibbett, Scott helped drive company-wide efforts to create shareholder value through strategic initiatives and an acquisition that has improved the company’s competitive position. We …
Hoffman Estates, Ill. — Sears plans to open three new smaller format Home & Life stores in May. Located in Anchorage, Alaska; Lafayette, La.; and Overland Park, Kan. (pictured), the new Home & Life stores will offer appliances, mattresses, home services and connected home products. Store sizes will range from 10,000 square feet to 15,000 square feet. The smaller format stores were developed based on insights from Sears Appliances & Mattresses stores that opened in 2017 in Ft. Collins, Colo; Pharr, Texas; Honolulu; and Camp Hill, Pa. “The exciting new …
Hartland, Wis. — Effective April 1, Batteries Plus Bulbs added Jon Sica as its new vice president of franchise development & project management and chief strategy officer. He joined the company from Whataburger and reports directly to Batteries Plus Bulbs CEO Scott Williams. In his new role, Sica is responsible for franchise development and administration. Batteries Plus Bulbs’ director of franchise development, Rod Tremelling, and director of franchise administration, Linda Grota, report directly to Sica. “We are thrilled to welcome Jon Sica into the Batteries Plus Bulbs family,” says Williams. …
Atlanta — On April 5, 2019, Whole Foods Market opened its 500th store location in Midtown Atlanta. Located at 22 14th St. NW in Related Group’s Icon Midtown residential development, the new 70,000-square-foot, multi-level flagship store features four fast-casual eateries and more than 1,500 local items from 250 suppliers, many new to Whole Foods Market. “Whole Foods Market Midtown will be a true gathering space for the community,” says Bobby Turner, president of the South Region at Whole Foods Market. “We worked hard to create a place that offers our …
Milwaukee — Marcus Theatres®, a division of The Marcus Corporation, is planning to bring Movie Tavern® by Marcus to Brookfield Square in Brookfield, Wis., a suburb of Milwaukee. Given the company’s recent acquisition of Movie Tavern, the timing is right to introduce a new theatre brand into the marketplace. The concept would replace the previously announced Brookfield BistroPlex℠ and is anticipated to open in October 2019. “Movie Tavern by Marcus is an extension of the Marcus Theatres brand with its own personality and some unique attributes,” says Rolando Rodriguez, chairman, …
Fremont, Calif. — Tailored Brands, Inc. has appointed Dinesh Lathi as president and chief executive officer, and Theo Killion has been appointed chairman of the board of directors. Lathi has served as chairman of Tailored Brands since March 2017, executive chairman since August 2018, and has been a member of the Tailored Brands board since March 2016. Killion has served as lead independent director since August 2018 and joined the company’s board in June 2017. “Following a robust and thorough search process, the board is pleased to appoint Dinesh as …
New York City — Luxury brand Christopher Guy has been actively streamlining its business to focus on branded retail locations in major metropolitan cities across the globe, with the latest New York showcase underlining a greater focus on CG’s direct presence. As a result of the brand’s retail direction, CG will be closing its Las Vegas and High Point, N.C., trade showrooms following the April 2019 High Point Market. The company also announced the opening of an all-new street level showroom on the ground floor of the New York Design …
Plano, Texas — J. C. Penney Company, Inc. has named Bill Wafford, a highly accomplished retail executive with over 25 years of broad finance experience, as executive vice president, chief financial officer, effective April 8. He joins JCPenney from The Vitamin Shoppe. Reporting to CEO Jill Soltau, Wafford will be responsible for providing strategic leadership and driving operational excellence in addition to leading all aspects of the company’s finance and accounting operations. He succeeds Michael Fung, interim chief financial officer, who will remain with the company through the end of …
Red Wing, Minn. — Red Wing Shoe Company, a global leader in the footwear industry for more than 110 years, has opened a flagship retail store in New York City. The company’s first permanent presence in Manhattan, open now, includes a tribute to the workers who helped build the city. Located at 11 Penn Plaza in the heart of Midtown, the 3,300-square-foot store celebrates the company’s rich heritage and tradition of quality craftsmanship. In addition to selling Red Wing’s famed purpose-built work boots and stylish Heritage collection, the store also …