Content about Companies listed on the New York Stock Exchange

Los Angeles -- CBRE Group released research findings on Tuesday that showed Hong Kong continued to keep its top spot as the world's most expensive global retail market, recording prime rents nearly 150% higher than New York City.

London ranked third, with prime rental rates 400% lower than Hong Kong’s.

Buffalo, N.Y. -- Buffalo, the second largest city in New York, has become the first market in which a majority of Rite Aid's stores have been converted to the Wellness format, the retail pharmacy chain announced Wednesday.

Residents of tony Hilton Head Island, S.C., are getting the one thing they don’t currently have: a Kroger Marketplace, situated in the sprawling 42-acre mixed-use project under development by Kroger Real Estate and Blanchard & Calhoun Commercial.

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New York -- Best Buy Co. Inc. and Target Corp. ended a partnership that positioned Geek Squad agents in Target stores in Denver and Minneapolis, the Minneapolis Star Tribune reported.

The six-month pilot allowed Geek Squad personnel to offer services such as installation and repair to electronics customers at 29 Target stores. The program covered a wide range of consumer electronics products, according to the report.

Minneapolis -- Scott Kennedy was named president of Target financial and retail service to replace long time finance executive Terry Scully.

Scully spent nearly 35 years with Target and is moving into a strategic advisory role to ensure the smooth transition of the recently sold credit card portfolio to TD Bank Group. Scully, 60, will officially retire in March 2014. Filling his shoes as head of financial and retail services is Scott Kennedy, 44. He joined Target in 2005 and currently serves as VP of pay and benefits.

New York -- Target Corp. is shuttering — at least for now — its “The Shops at Target” concept, which showcased exclusive goods from select independent boutique retailers within in-store shops in Target stores, the Star Tribune reported.

“At this time, we don’t have plans for a future ‘flight’ of the Shops at Target, but we do have a number of collaborations planned for 2013 and beyond,” spokeswoman Katie Boylan said in the report.

Cincinnati -- The Kroger Co. announced the promotion of Jeff Burt as president of the company's Central division. Kroger's Central Division operates 136 food stores primarily in Indiana and Illinois.

Burt, 50, has been group VP of perishables merchandising and procurement since 2010. He succeeds Bob Moeder, who recently announced his plans to retire this spring.

Fort Worth, Texas -- RadioShack Corp. announced that it is ending its relationship with Target, where it helps operate Target Mobile in 1,500 Target stores, effective April 8.

The RadioShack and Target partnership provided RadioShack access to manage Target's post-paid mobility business. But RadioShack did not manage the prepaid mobility business or the wider range of accessories offered in Target stores.

Minneapolis -- Target Corp. said Tuesday it plans to price-match top online retailers year-round, including Amazon.com, Walmart.com, BestBuy.com and Toysrus.com (including Babiesrus.com).

Target stores will also price-match items found on Target.com, the company said.

Sao Paolo, Brazil -- A Wednesday report by Reuters said that Brazilian grocer Grupo Pão de Açúcar – the country’s largest retailer – plans to open 100 new mini stores in 2013. The small-format concept is called Minimercado Extra, according to CFO Vitor Fagá.

The Minimercardo Extra format of small neighborhood supermarkets will continue to be the focus of the group's growth, according to Fagá. The company is also working to expand its presence in Brazil's northeast and center-west regions.

New York -- Wal-Mart Stores and Kroger are said to be among the bidders for assets being sold by Hostess Brands Inc., according to Bloomberg.

The report, which cited a person who asked not to be named because the process is confidential, said there are about two dozen bidders, with some interested in just the cakes or breads businesses, and others in individual Hostess plants or products.
 

Los Angeles -- CBRE Group announced that Robert E. Sulentic assumed the position of president and CEO, effective Dec. 1.
   
Sulentic succeeds Brett White, who, as previously announced, retired on Nov. 30.

Sulentic, most recently the company’s president, also joined CBRE’s board of directors, which has expanded to 11 members. White also remains a member of the board.