Costco opens new club in Huntington Beach
Huntington Beach, Calif. — DJM Capital Partners said that a new 154,000-sq.-ft. Costco has opened at Bella Terra, an open-air center in Huntington Beach, Calif. Costco opened in a building vacated by Mervyn’s.
Costco at Bella Terra is a full-format store offering Gas Station, Fresh Bakery, Fresh Meat, Fresh Produce, Fresh Deli with Rotisserie Chicken, Optical Department, 1-Hour Photo, Pharmacy, Tire Center, Hearing Aid Center, Fine Wine & Liquor and Food Court.
“Securing Costco for Bella Terra in 2010, with retailers expanding very cautiously, was a significant achievement for our company and a testament to the quality and location of the center,” said Lindsay Parton, president, DJM Development Partners, an affiliate of DJM Capital Partners, Inc.
The new Costco is adjacent to The Village at Bella Terra development, currently under construction and slated for a summer 2013 opening.
Versona Accessories to open Plano location
Plano, Texas — Charlotte, N.C.-based Versona Accessories said it will open a new store on May 24, in Plano, Texas, at Preston Park Village.
The jewelry and accessories retailer is a Cato Corp., concept.
Best Buy chairman to step down in wake of CEO investigation
Minneapolis — Best Buy Co. announced that founder Richard Schulze would step down as chairman after an independent board investigation found that he had failed to report allegations of personal misconduct by former CEO Brian Dunn to the board’s audit committee.
Schulze will serve out the remainder of his term as director. Best Buy said its board has elected director Hatim Tyabji to succeed Schulze as chairman, effective at the conclusion of the annual meeting on June 21.
The electronics retailer said the investigation had found that Dunn violated company policy by “engaging in an extremely close personal relationship with a female employee that negatively impacted the work environment.” But it found no misuse of company resources, Best Buy said.
When Schulze steps down as chairman, he will become chairman emeritus, an honorary position.