REAL ESTATE

Citi Trends to open at Hickory Plaza

BY CSA STAFF

Hickory, N.C. North Plainfield, N.J.-based Levin Management Corp. said that Citi Trends has leased 12,310 sq. ft. at Hickory Plaza, in Hickory, N.C.

Levin is the managing agent for the 163,251-sq.-ft. shopping center.

The addition of Citi Trends follows Big Lots’ recent expansion to a total of 33,055 sq. ft., a 15,704-sq.-ft. lease with Save-A-Lot and renewals by RadioShack, H&R Block and All My Friends Pet Shop.

Other tenants include Dollar General, Rugged Wearhouse and El Paso Mexican Restaurant.

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Holley named Walmart CFO

BY CSA STAFF

BENTONVILLE, Ark. – Veteran finance executive Charles Holley was named to replace Tom Schoewe as CFO of Wal-Mart Stores Inc., the company announced late Wednesday. Holley joined Walmart in 1994 and most recently served as EVP finance and treasurer. Schoewe joined Walmart in 2000 as CFO.

Walmart CEO Mike Duke called Holley a talented strategist who thoroughly understands the details of Walmart’s business and the financial markets.

“As treasurer, he has helped drive the strategy behind the company’s strong financial position and has made every organization he has led stronger,” Duke said.

The change will take effect on Nov. 30, and Schoewe will remain with the company until Jan. 31, 2011.

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Beyonce’s mom gets exclusive line at Walmart

BY CSA STAFF

NEW YORK – Tina Knowles announced the introduction of her Miss Tina by Tina Knowles line exclusively at Walmart in October.

The collection will feature denim, graphic t-shirts, embellished tops, day dresses, tunics, jackets, leggings and track suits, with each item retailing for $20 or less.

Tina Knowles is the co-creative director and co-founder of the House of Dereon, Dereon, and Miss Tina fashion collections produced by Beyond Productions, a partnership with daughter Beyonce.

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