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KURZAWA
CaliforniaCompany newsNews

CenterCal Properties Hires Paul Kurzawa as Chief Operating Officer

by Julia Sanders

El Segundo, Calif. — CenterCal Properties has hired Paul Kurzawa as chief operating officer. In his new role, Kurzawa’s first priority will be to launch the El Segundo, California-based firm’s new third-party services division, which aims to partner with real estate owners and investors to support them in revitalizing their retail centers and enhancing property value. Kurzawa brings over 27 years of both national and international experience in the commercial real estate and entertainment industries. Most recently, Kurzawa served as the executive vice president and director of operations for Unibail …

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CaliforniaCompany newsNewsNorth Carolina

Petco to Launch New In-Store Concept at Select Lowe’s Stores in Sun Belt

by Julia Sanders

Mooresville, N.C. and San Diego — Lowe’s and Petco Health and Wellness Co. Inc. have announced plans to open a new in-store concept that will offer both home and pet products within select Lowe’s locations. The first Lowe’s + Petco store-in-store concept is slated to open at the Lowe’s Alamo Ranch store in San Antonio at the beginning of February. The companies plan to expand to 14 additional Lowe’s locations in Texas, North Carolina and South Carolina by the end of March. The purpose of the Lowe’s + Petco locations …

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Company newsNewsWashington DC

NRF: Holiday Sales in 2021 Increased 14.1 Percent over 2020

by Julia Sanders

Washington, D.C. — The National Retail Federation (NRF) has reported that retail sales during last year’s November to December holiday season increased 14.1 percent, or $886.7 billion over those in 2020 ($777.3 billion). The 2021 numbers were greater than what the NRF had predicted and set a new record despite ongoing headwinds such as supply chain issues and the spread of the COVID-19 Omicron variant. Retail sales were tracked from Nov. 1 to Dec. 31 and exclude data from automobile dealers, gas stations and restaurants. Retail sales fell by 2.7 …

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Sigmond
Company newsFloridaNews

Pacific Star Capital Appoints Wright Sigmund as Principal

by Julia Sanders

Miami, Fla. — Pacific Star Capital has appointed Wright Sigmund as principal. In his new role, Sigmund will lead the Miami-based company’s operations and the overall growth of the firm as it focuses on expanding its portfolio of essential-tenant focused developments. Sigmund previously worked with First Washington Realty Inc. as senior vice president and national director of leasing.

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Aaron Wu
Company newsNew YorkNews

DLC Management Corp. Names Aaron Wu Vice President, Head of Acquisitions

by Julia Sanders

Elmsford, N.Y. — DLC Management Corp has named Aaron Wu vice president and head of acquisitions. In his new role, Wu will lead the company’s acquisitions platform by exploring ways to create growth for the portfolio and collaborating with others to establish strategic investments. Prior to joining DLC, Wu most recently served as managing director and head of acquisitions for AmCap Incorporated.

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Ken Caron
CaliforniaCompany newsNews

Lewis Retail Centers Promotes New Senior Vice President

by Julia Sanders

Upland, Calif. — Lewis Retail Centers, an Upland, California-based shopping center developer, has promoted Ken Caron to the position of senior vice president of commercial development. In his new role, Caron will be responsible for directing all activities related to retail development including entitlements, construction, leasing, marketing and property management. Caron joined Lewis Retail Centers after working with The Carrington Co. as vice president of leasing, acquisitions and development. He has worked for Lewis Retail Centers for more than 20 years and has held leadership roles within the firm’s development …

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Jack in the Box
CaliforniaCompany newsNews

Jack in the Box, Del Taco Enter into $575 Million Merger Agreement

by Julia Sanders

San Diego and Lake Forest, Calif. — Jack in the Box Inc. (NASDAQ: JACK) and Del Taco Restaurants (NASDAQ: TACO) have entered into a merger agreement valued at approximately $575 million, inclusive of existing debt. Under the terms of the agreement, Jack in the Box will acquire Del Taco for $12.51 per share in cash. The deal, which is expected to close in the first quarter of 2022, would yield a company with more than 2,800 restaurants across 25 states. In addition, the new entity plans to grow its store …

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pOpshelf
Company newsNewsTennessee

Dollar General to Open 1,000 New Popshelf Stores by End of 2025

by Julia Sanders

Goodlettsville, Tenn. — Dollar General (NYSE: DG) has unveiled plans to open approximately 1,000 new Popshelf stores by the end of fiscal year 2025, including roughly 100 stores in fiscal year 2022. Each Popshelf store spans approximately 9,000 square feet and offers seasonal and home décor, health and beauty products, cleaning supplies and party goods. The target customer is primarily female, lives in the suburbs and maintains an annual household income ranging from $50,000 to $125,000, according to the retailer. Dollar General, which is based in Goodlettsville near Nashville, debuted …

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CVS
Company newsNewsRhode Island

CVS Health Plans to Close 900 Stores, Focus on Digital Strategy

by Julia Sanders

Woonsocket, R.I. — CVS Health Corp. (NYSE: CVS) plans to close about 900 stores over the next three years, or about 300 stores a year, starting in the spring of 2022. The pharmacy retailer says the decision to close its stores was in order to focus more on its digital strategy. The store closures equal about 9 percent of the approximately 10,000 locations that the retailer currently operates. CVS says it will help those who lose their jobs as a result of the store closures to find a different role …

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ArkansasCompany newsNews

Walmart Posts Growth in Fiscal Third-Quarter Earnings, Raises Future Revenue Projections

by Julia Sanders

Bentonville, Ark. — Walmart Inc. (NYSE:WMT) posted growth in earnings during its fiscal third quarter of 2021, which ended Oct. 31. Walmart’s total revenue was $140.5 billion, an increase of 4.3 percent from a year earlier when it was $134.7 billion. These numbers were also higher than Wall Street’s predictions of $135.6 billion, according to CNBC. According to Refinitiv, the discount retailer’s earnings per share were $1.45 adjusted versus $1.40 expected. Additionally, Walmart’s e-commerce sales increased 8 percent during the fiscal third quarter and 87 percent over a two-year period. …

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