FINANCE

CFO Resigns From Foot Locker

BY CSA STAFF

New York City, Bruce Hartman resigned as CFO of footwear retailer Foot Locker. The retailer named Robert W. McHugh as his replacement, and naned Giovanna Cipriano as VP and chief accounting officer, taking over McHugh’s former post.

The company released the following statement: “We are pleased that the company has the senior management depth to promote such strong financial executives from within and we fully expect this to be a seamless transition.”

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Mary Beth Stone Joins J.C. Penney Board

BY CSA STAFF

Plano, Texas, Effective today, Kraft Foods marketing executive Mary Beth Stone has obtained a seat on the J.C. Penney board of directors. Stone is group VP and president of Kraft’s North America Grocery division.

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S.Gacho says:
Mar-12-2013 02:27 pm

When you think of marketing
When you think of marketing strategies all of them may differ according to the business that you want to pursue. It will then be classified based on the economy and consumers. - Scott Sohr

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Pennsylvania Mall Under New Ownership

BY CSA STAFF

Philadelphia, Pennsylvania Real Estate Investment Trust and Simon Property Group completed the previously announced acquisition of Springfield Mall in Springfield, Pa., for approximately $103.5 million. PREIT and an affiliate of Kravco Simon Investments, L.P., each have a 50% ownership interest in the property. Springfield Mall is a 590,000-sq.-ft. regional mall located approximately 10 miles southwest of Philadelphia. The mall is currently anchored by Macy’s and Strawbridge’s and has more than 70 in-line tenants, including Ann Taylor Loft, Build-A-Bear, Carrabba’s, Charlotte Russe, Gap/Gap Kids, Ruby Tuesday and Yankee Candle. Macy’s and Strawbridge’s own their own buildings and associated parking.

Federated Department Stores, Inc. has announced that it plans to close the Strawbridge’s store in this mall.

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