FINANCE

150 leases of Bakers and Wild Pair Shoes included in bankruptcy sale process

BY Staff Writer

New York — GA Keen Realty Advisors, LLC of New York, a division of Great American Group has begun marketing leases for 150 Bakers and Wild Pair shoe store locations across the country.

The stores, ranging from 1,254 to more than 4,000 sq. ft. in size, are located in 31 states including Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Louisiana, Maine, Maryland, Michigan, Missouri, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.

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FINANCE

Zale expands customer financing options

BY Marianne Wilson

Dallas — Zale Corp. announced the addition of Genesis Financial Solutions to its U.S. alternative financing program. The new financing option, which became available in October, is offered in Zales, Zales Outlet and Gordon’s retail stores.

Genesis is a consumer finance company that specializes in providing financing to consumers with near-prime and non-prime credit. Citibank (South Dakota), N.A., remains the company’s primary consumer financing provider in the United States. Zale will offer a Genesis revolving line of credit to select customers whose credit applications have been declined by Citibank, providing them with an affordable option and similar repayment terms.

"We were impressed with Genesis’ focus on customer service and their ability to offer a competitive financing option,” said Ken Brumfield, senior VP of financial products for Zale Corporation. “Adding Genesis to our portfolio of alternative financing lenders further enhances our ability to assist guests in making their fine jewelry purchase.

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FINANCE

7-Eleven completes purchase of 12 Fast Track stores

BY Staff Writer

Dallas — 7-Eleven announced that it has completed the purchase of 12 stores from Fast Track in Central North Carolina, including Winston-Salem. Terms of the agreement are not disclosed.

Remodeling of the units to transform them into 7-Eleven stores gets underway in late November and rebranding is expected to be complete by mid-February 2013.

These locations are in close proximity to another acquisition the company made earlier this year – 55 Sam’s Marts locations in the greater Charlotte area –and compliments the 7-Eleven stores’ expansion in the Tar Heel State.

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