REAL ESTATE

Eight new tenants destined for Easton Town Center

BY Al Urbanski

More than 50,000 sq. ft. of new shopping opportunities will soon be presented to shoppers at Ohio’s most popular retail destination.

Easton Town Center, which draws 21 million customer visits a year and houses more than 200 shopping and dining options is constantly in the process of re-curating its mix, and eight new tenants will open at the Columbus venue this year.

Opening in summer will be MAC Cosmetics with its first stand-alone location in the Buckeye State, comfort apparel retailer Soft Surroundings, Lily Pulitzer, and Condado Tacos.

Fall will see the Easton debuts of international fashion power Zara, Detroit-based watchmaker Shinola, outdoor clothing purveyor Filson, and Pea in the Bod, a boutique for expectant mothers.

Co-Developed by Steiner + Associates, The Georgetown Company and L Brands, Easton is a 1,300-acre mixed use destination that also features a power retail center known as Easton Gateway. The office park at Easton has 25,000 employees.

Easton Town Center is ranked among the top 30 highest-performing retail centers in the United States and has the highest specialty retail sales and overall volume in the state of Ohio.


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C-SUITE

Supervalu exec joins Kohl’s leadership team

BY Marianne Wilson

Kohl's has ended its search for a new finance chief.

The retailer has appointed Bruce H. Besanko to the position of CFO, effective July 10. He will replace Wesley McDonald, who announced plans in November to retire this spring after 14 years with the company.

On Monday, Besanko resigned as COO and CFO of Supervalu, which he joined in 2013. Prior to Supervalu, he served for five years as CFO and chief administrative officer of OfficeMax (now owned by Office Depot). In addition to his business experience, Besanko served 26 years in the U.S. Air Force, rising to the rank of Lieutenant Colonel.

“We’re excited to have Bruce join our team and believe that his breadth of experience will be of great value to Kohl’s as we continue to build our path forward,” said Kevin Mansell, Kohl’s chairman, CEO and president. “As an instrumental leader at several large companies, Bruce has great insights on how to help organizations move with the speed and agility the business requires, while maintaining a financial framework of operational excellence.”

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News

Fast-fashion giant steps up POS game with new partnership

BY Deena M. Amato-McCoy

Eager to improve customer service and security at the front end, Forever 21 is converting its point-of-sale (POS) fleet to a single solution.

Through a partnership with Toshiba Global Commerce Solutions, the fast-fashion retailer is adding the vendor’s hardware, equipment and services across all its corporate stores around the globe. The agreement makes Toshiba the chain’s single point of contact for all POS systems, peripherals and original equipment manufacturer (OEM) front and back office retail store technology.

Through the multi-year deal, Forever 21 will adopt Toshiba’s TCx 300 smaller footprint, energy-efficient POS systems and peripherals. Toshiba will also provide the procurement, support and standardization of other store technology, including networking equipment. Leveraging Toshiba’s services solution, the retailer will work with a dedicated project management office and team of service experts that will act as the single point of contact for all help desk requests for POS hardware and all other OEM retail store equipment, according to Forever 21.

Beginning in June, Toshiba will manage the deployment of all retail store equipment, including new POS systems and store servers, registers, displays and printers in current and new corporate stores. The company will also provide maintenance services for both Toshiba and non-Toshiba equipment, as well as asset management services and support.

“Toshiba understood our desire to maximize the value of our retail investment and more importantly, they are delivering expert staff to standardize and manage all of the various store technology and services across our corporate stores,” said Alex Ok, president of Forever 21. “We selected Toshiba as our end-to-end global provider with the goal to reduce our complexity and costs, so our store teams can continue their focus on meeting the needs of our customers.”

Forever 21 operates more than 830 stores globally.

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