Columbus, Ohio — Bath & Body Works Inc. has announced that Heather Hollander will assume the role of vice president of investor relations with the company. Hollander most recently acted as head of investor relations at Nordstrom and has previously worked with brands including Lowe’s, Bloomin’ Brands and Burger King. Reporting to Wendy Arlin, chief financial officer, Hollander will be responsible for engagement with shareholders, investors and the analyst community.
New York City — Barnes & Noble will open more than 30 new stores next year, the company has announced. A location at Atlantic Avenue in Brooklyn is scheduled to be the first of the new bookstores in 2023. In 2022, the company opened more new locations than it had in any year since 2009. Barnes & Noble attributes the growth to a “reading renaissance.”
Louisville, Ky. — Publix Super Markets has purchased land at the northwest corner of Flat Rock and Shelbyville roads in Louisville with plans to develop the market’s third Publix location. The Courier-Journalreports that the grocer purchased the site from an entity doing business as Shoppes at Gardiner Park LLC for more than $5.5 million. Plans call for a 48,387-square-foot store with a pharmacy and an adjacent Publix Liquors store that will offer beer, wine and spirits. The stores are anticipated to open in the second quarter of 2024. In addition …
Anchorage and Wasilla, Alaska — The Joint Corp. has signed a franchise agreement for three The Joint Chiropractic clinics in Alaska. The first location recently opened in Wasilla, Alaska. The second clinic is scheduled to open in the first quarter of 2023 in Anchorage. The third clinic is set to open next fall in an undisclosed location. Ron and Julie Kluff, James Peterson, Toni Peterson and Jerusha Overton are together the owners, and Overton will operate the businesses. With the expansion into Alaska, The Joint now has a presence in …
Memphis, Tenn. — Poag Shopping Centers, as part of its recently announced partnership with JLL, has rebranded to Poag Development Group. “At a time when retail is all too often an afterthought in a mixed-use project, Poag Development Group’s unmatched expertise in creating and optimizing memorable and profitable retail environments is more critical than ever,” says Josh Poag, chief executive officer of Poag. “I couldn’t be more excited for this next chapter in the Poag legacy.” The company’s current projects include the redevelopment of Somerset Square in Glastonbury, Connecticut; the …
Columbus, Ohio — Bath & Body Works Inc. has appointed Gina Boswell, an industry veteran with more than 30 years of experience, to the role of chief executive officer and member of the Board. Boswell previously served in leadership positions with companies including Unilever, Alberto Culver Co. and The Estee Lauder Cos. and as a board member of the Retail Industry Leaders Association (RILA). Bath & Body’s board of directors voted unanimously in favor of appointing Boswell.
Cincinnati and Boise, Idaho — Kroger Co. (NYSE: KR) and Albertsons Cos. Inc. (NYSE: ACI) have agreed to a merger in which Kroger will acquire all outstanding shares of Albertsons’ common and preferred stock for an estimated total consideration of $34.10 per share, or a total enterprise value of approximately $24.6 billion. The deal includes the assumption of $4.7 billion of Albertsons’ net debt. Both company’s boards of directors unanimously approved the agreement. The purchase price represents an approximately 32.8 percent premium to the closing price of ACI stock on …
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Puttshack Raises $150 Million in Growth Capital, Unveils Expansion Plans
Chicago — Chicago-based Puttshack, an indoor mini golf venue, has completed a growth capital round of $150 million from funds managed by BlackRock and continued support from Promethean Investments. The new funding will support Puttshack’s rapid growth strategy across the United States. New venues in Boston and Miami are scheduled to open this fall, followed by one in St. Louis this winter. Additional locations in Dallas, Denver, Houston, Nashville, Philadelphia, Pittsburgh and Scottsdale, plus a second location in Atlanta, are all slated to open in 2023. Additional U.S. locations will …
Indianapolis and Atlanta — Simon has entered into an agreement whereby the REIT will purchase a 50 percent interest in Atlanta-based Jamestown, an owner of some of the most successful mixed-use developments in the country, such as Ponce City Market in Atlanta and Ghirardelli Square in San Francisco. Jamestown had $13 billion in assets under management as of June 30, 2022, with properties spanning the United States, Latin America and Europe. Terms of the purchase agreement were not disclosed. With this partnership, Jamestown will gain a partner with a broad …
Cleveland, Ohio — Real estate software solutions provider MRI Software has acquired Springboard. Springboard provides retail activity and shopper insights through the use of plug-and-play software, existing camera networks and proprietary AI-powered algorithms. MRI plans to expand its @Work retail solutions suite, which currently serves 500 retailers and property owners internationally.