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.
Peoria, Ill. — Peoria-based Cullinan Properties has announced a new mixed-use development and promotions.
Brentwood, Tenn. — Brentwood-based Tractor Supply Co., a rural lifestyle retail chain with 1,575 stores in 49 states, has purchased Petsense LLC, a pet supply retailer with 136 stores in 25 states.
Springfield, Mo. and Sidney, Neb. — Bass Pro Shops has agreed to acquire Cabela’s Inc. (NYSE: CAB) for $5.5 billion, or $65.50 per share of CAB stock.
Los Angeles — Los Angeles-based Westwood Financial Corp. has restructured ownership of 77 of its 120 retail center holdings and its management company to form a single, $1.2 billion retail real estate company.