Plano, Texas — Plano-based J.C. Penney Co. Inc. has announced plans to close two distribution facilities and approximately 130-140 stores over the next few months.
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has promoted Katie Reinsmidt to the position of CIO.
Oak Brook, Ill. — Samantha Spinell Schnell has joined IRC Retail Centers as director of leasing.
Columbus, Ohio — Limited Stores LLC, parent company of women’s fashion apparel retailer The Limited, has filed for Chapter 11 bankruptcy protection.
Cincinnati and Hoffman Estate, Ill. — Macy’s Inc. (NYSE: M) and Sears Holdings Corp. (NASDAQ: SHLD) both announced Wednesday plans to close a large number of department stores in an effort to improve their long-term operating performance.
Chicago — Chicago-based GGP has promoted Shobi Khan to president and COO.
Atlanta — Atlanta-based Ackerman & Co. has named Courtney Brumbelow senior vice president of Ackerman Retail.
Charlotte, N.C. — The Retail Brokers Networks (RBN), one of the nation’s largest retail real estate networking groups, has announced the formation of a new executive committee to help facilitate the company’s ongoing operations.
San Diego, Calif. — San Diego-based OliverMcMillan has named Michael O’Hanlon COO and promoted two executives.
Jacksonville, Fla. — Jacksonville-based Regency Centers Corp. (NYSE: REG) has agreed to acquire Equity One Inc. (NYSE: EQY), creating one of the largest shopping center REITs in the U.S.