Content about Companies listed on the New York Stock Exchange

July 30, 2014

CBRE Group, Inc. announced that Geoffrey Harris has joined the firm’s Capital Markets’ Debt and Structured Finance team as senior VP.

Phoenix — CBRE Group, Inc. announced that Geoffrey Harris has joined the firm’s Capital Markets’ Debt and Structured Finance team as senior VP.

Based in Phoenix, Harris will play a key role in originating net-leased transactions for the firm nationally, in the multi and single-tenant, office, retail and industrial properties space.

Harris joins CBRE from Meridian Capital where he was managing director. He previously served as VP of Capital Markets at Marcus & Millichap.

July 30, 2014

The Kroger Co. Cincinnati/Dayton Division associates working at Kroger stores in metro and surrounding areas have ratified a new labor agreement with UFCW Local 75.

Cincinnati - The Kroger Co. Cincinnati/Dayton Division associates working at Kroger stores in metro and surrounding areas have ratified a new labor agreement with UFCW Local 75. It merges the formerly separate Cincinnati and Dayton contracts.

The contract covers 12,766 associates working in 76 stores in Cincinnati, and 4,945 associates working in 32 stores in Dayton.

July 24, 2014

Ryder System, a leader in commercial fleet management and supply chain management solutions, announced the launch of its new “That’s Ryder” brand advertising campaign.

Miami -- Ryder System, a leader in commercial fleet management and supply chain management solutions, announced the launch of its new “That’s Ryder” brand advertising campaign. The campaign, the first of its kind for Ryder in nearly two decades, includes the debut of a new tagline for the company – Ever better.

July 21, 2014

General Electric is spinning off its Synchrony Financial consumer credit business in an initial public offering (IPO) and seeking a market valuation as high as $22 billion.

Stamford, Conn. -- General Electric is spinning off its Synchrony Financial consumer credit business in an initial public offering (IPO) and seeking a market valuation as high as $22 billion. Synchrony offers store credit cards for retailers such as Wal-Mart Stores Inc. and J.C. Penney Co.

July 21, 2014

Target Corp. is launching a new image-recognition mobile app, called In a Snap, aimed at back-to-college shoppers.

Minneapolis – Target Corp. is launching a new image-recognition mobile app, called In a Snap, aimed at back-to-college shoppers. The free iPhone app, which enables students and families to quickly scan, select and purchase items with just a few clicks, is featured in ads for Target’s college-oriented Room Essentials brand in issues of Real Simple, Architectural Digest, Domino and more.

July 9, 2014

The Kroger Co. has published its eighth annual sustainability report, setting its first-ever water conservation goal and providing a progress update on moving retail locations toward "zero waste" and sourcing 100% certified sustainable palm oil.

Cincinnati - The Kroger Co. has published its eighth annual sustainability report, setting its first-ever water conservation goal and providing a progress update on moving retail locations toward "zero waste" and sourcing 100% certified sustainable palm oil. Since 2000, Kroger has reduced energy consumption by nearly 35%. It has 557 Energy Star certified store locations and another 517 that are eligible.

Highlights of the report include:

July 2, 2014

Kroger is expanding into new markets and growing its presence in the e-commerce channel with its acquisition of Vitacost.com, a leading online retailer of vitamins and supplements.

New York -- Kroger is expanding into new markets and growing its presence in the e-commerce channel with its acquisition of Vitacost.com, a leading online retailer of vitamins and supplements. 

According to the definitive merger agreement, Kroger will purchase all outstanding shares of Vitacost.com for $8 per share in cash, or approximately $280 million.

July 2, 2014

Target Corp. on Wednesday requested that customers no longer carry guns in its stores.

New York -- Target Corp. on Wednesday requested that customers no longer carry guns in its stores.

The retailer found itself embroiled in controversy when gun-rights activists in Texas and several other states chose Target stores to demonstrate their belief in the right to openly bear arms. In response, the chain came under heavy fire from groups such as "Moms Demand Action for Gun Sense" and others who expressed concern about firearms being carried into an environment where the shoppers are often accompanied by children.

June 27, 2014

Rite Aid’s store in Beverly Hills, California, has completed a major remodel that reflects the latest evolution of the drugstore retailer’s “wellness store” format.

Rite Aid’s store in Beverly Hills, California, has completed a major remodel that reflects the latest evolution of the drugstore retailer’s “wellness store” format.  

June 25, 2014

Kroger is the highest ranked gasoline retailer for customer satisfaction among American consumers.

Boulder, Colo. — Kroger is the highest ranked gasoline retailer for customer satisfaction among American consumers. According to a new study of 5,300 consumers from Market Force Information, Costco and Quik Trip tied for second, Sam’s Club ranked third, and Murphy USA, which operates standalone stations and on-site stations at Walmart Supercenters, was fourth.

June 24, 2014

Unlike most consumers, the retail industry doesn’t take a holiday in the summer. As we head into July, three very different retail companies are very much in the news. One has the industry all abuzz over who will be its next chief, while another has launched a pioneering employee initiative. And the newly appointed chief of the third wants to turn a cult L.A. brand into a global powerhouse. I’m fascinated by all three:

June 23, 2014

Rite Aid is bringing some glitz, as well as health consciousness, to its newly reopened Beverly Hills store.

Camp Hill, Pa. – Rite Aid is bringing some glitz, as well as health consciousness, to its newly reopened Beverly Hills store. On June 23, Rite Aid re-opened its Beverly Hills store with a major remodel that features its new wellness store design, as well as dining options.

June 19, 2014

Kroger Co. reported a 4% increase in its first-quarter profit, helped by the addition of Harris-Teeter, which the grocery giant acquired in January 2014.

Cincinnati – Kroger Co. reported a 4% increase in its first-quarter profit, helped by the addition of Harris-Teeter, which the grocery giant acquired in January 2014. Kroger raised its net earnings and same-store sales forecast for the fiscal year.
   
The company earned $501 million in the quarter, up from $481 million in the year-ago period. The payment of $56 million to withdraw from two pension funds negatively impacted Kroger’s net earnings.

June 12, 2014

The Kroger Co. has been named Employer of the Year by the Marriott Foundation for People with Disabilities.

Cincinnati — The Kroger Co. has been named Employer of the Year by the Marriott Foundation for People with Disabilities. The Marriott Foundation for People with Disabilities fosters the employment of young people with disabilities.

June 12, 2014

Kroger Co. is reportedly planning to build a $250 million distribution center in the suburban Atlanta area.

Cincinnati — Kroger Co. is reportedly planning to build a $250 million distribution center in the suburban Atlanta area. According to the Cincinnati Business Courier, Kroger will open the 1 million-sq.-ft. facility in the suburb of Forest Park, on the site of the former Fort Gillem army base by September 2015.

The distribution center will open with 700 to 900 skilled workers, and eventually employ about 1,500 people. Kroger declined to comment on the report.

May 20, 2014

In a management shakeup, Target Corp. has replaced Tony Fisher, president of its troubled Canadian operations, with 15-year company veteran Mark Schindele, effective immediately.

Minneapolis – In a management shakeup, Target Corp. has replaced Tony Fisher, president of its troubled Canadian operations, with 15-year company veteran Mark Schindele, effective immediately. 
 

May 6, 2014

Kroger and retail developer Cencor Realty Services will break ground on a 123,000-sq.-ft. Kroger Marketplace this week.

Lewisville, Texas — Kroger and retail developer Cencor Realty Services will break ground on a 123,000-sq.-ft. Kroger Marketplace this week. Slated to open in the first quarter of 2015, the new Kroger will anchor a community-regional-draw center located in the 2,500-acre master-planned community of Castle Hills, Texas.

In addition to the Kroger Marketplace, the center’s first phase will include 40,000 sq. ft. of in-line retail space and several ground sites for national restaurant concepts that have not been announced yet.

May 5, 2014

Rite Aid has named Matt Lynch, an information technology executive with nearly 30 years’ experience, as senior VP and chief information officer.

Camp Hill, Pa. -- Rite Aid has named Matt Lynch, an information technology executive with nearly 30 years’ experience, as senior VP and chief information officer. Most recently, Lynch served as senior VP and CIO for Dick’s Sporting Goods. Before that, he held various executive information technology positions at ShopKo.

May 2, 2014

One of the most fascinating aspects of our ongoing economic recovery is the paradigm shift with respect to commercial development priorities. In the wake of the recession, new development has largely taken a backseat to redevelopment as developers and retailers alike have set their sights on opportunities in core urban markets that have been historically underserved.

May 1, 2014

Editor’s Note: The 25th annual survey of Fastest-Growing Managers surveys new domestic and international third-party management and leasing contracts obtained during the 2013 calendar year and ranks the top performers. As always, the measuring stick is square footage.

April 23, 2014

CBRE Group has promoted Lewis Horne to president, greater Los Angeles-Orange County region. Horne has led the CBRE region since 2007.

Los Angeles — CBRE Group has promoted Lewis Horne to president, greater Los Angeles-Orange County region. Horne has led the CBRE region since 2007. His elevation to the President title reflects outstanding performance across a broad range of leadership attributes, including new business development, business and sales management, market and industry leadership, client relationships and people management, said CBRE in a prepared statement.

April 23, 2014

The Kroger Co. said that its Fry's Marketplace store in Phoenix marks the 500th Kroger location to earn the Energy Star designation from the U.S. Environmental Protection Agency and U.S. Department of Energy.

Cincinnati -- The Kroger Co. said that its Fry's Marketplace store in Phoenix marks the 500th Kroger location to earn the Energy Star designation from the U.S. Environmental Protection Agency and U.S. Department of Energy.

April 21, 2014

Associates working at Kroger stores in the Atlanta metro and surrounding area have ratified new labor agreements with UFCW Local 1996.

Cincinnati -- Associates working at Kroger stores in the Atlanta metro and surrounding area have ratified new labor agreements with UFCW Local 1996. The contracts cover 23,598 associates working in 163 stores in the Atlanta area and 12 in Savannah.

April 16, 2014

The Kroger Co. announced that Timothy Massa will be promoted to group VP human resources and labor relations.

Cincinnati -- The Kroger Co. announced that Timothy Massa will be promoted to group VP human resources and labor relations.

Massa, 47, currently serves as VP of corporate human resources, talent development. In this expanded role, he will take responsibility for labor relations when Paul Heldman, executive VP, secretary and general counsel, retires in May.

April 15, 2014

Best Buy Inc.’s president of U.S. retail stores, Shawn Score, 48, has retired, effective immediately, after spending 29 years with the company.

New York -- Best Buy Inc.’s president of U.S. retail stores, Shawn Score, 48, has retired, effective immediately, after spending 29 years with the company. His responsibilities will be assumed by Best Buy’s chief human resources officer, Shari Ballard.

Ballard joined Best Buy in 1993, and has served in a variety of executive positions, moving into the HR position in 2013. Ballard will continue to head up human resources in addition to taking on the new duties.