REAL ESTATE

F J Benjamin signs with Marina Bay Sands

BY CSA STAFF

Singapore Marina Bay Sands, through its retail arm Sands Retail Asia, announced that Singapore-based retail group F J Benjamin will expand its portfolio of lifestyle brand stores with three new outlets in Marina Bay Sands Shoppes in Singapore.

F J Benjamin said it will bring Guess, La Senza, and the company’s own fashion label Raoul to the new mall when it opens early next year.

F J Benjamin said it is also considering opening stores for several other brands within its portfolio of apparel labels, which includes Banana Republic, Gap, Paint, Sheridan and Valentino.

When it opens early next year, Marina Bay Sands will feature over 800,000 sq. ft. of retail and restaurant space, convention and exhibition facilities, approximately 2,500 luxury hotel rooms and suites, the rooftop Sands 2 SkyPark, a museum, Las Vegas-style gaming, the Paiza Club for premium players, theaters, entertainment and an outdoor event plaza.

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GameStop names new CFO

BY CSA STAFF

GRAPEVINE, Texas GameStop announced that Catherine Smith has joined the company as EVP and CFO. The company announced also that David Carlson, GameStop’s founding EVP and CFO, who will retire effective March 1, 2010.

Most recently Smith served as EVP and CFO of Dallas-based Centex Corp. Smith has also served as CFO of Kennametal, a global supplier of tooling, engineering components and advanced materials; Bell Systems, a business segment of Textron; and the Intelligence and Information Systems Business of Raytheon Company.

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Designs on drug business yield sales

BY CSA STAFF

A bunch of new designers are set to hit Target stores this fall with new lines from Anna Sheffield, Jay Hersh, Anna Sui and Carlo Falchi infusing the shopping experience with excitement. But an even more meaningful impact on the business is likely to come from what EVP merchandising Kathy Tesija is calling, “an unprecedented integrated marketing campaign to drive even greater awareness for our pharmacy services and convert more Target guests into Target pharmacy guests.”

Much of the awareness is expected to result from the retailer’s first ever television ads for pharmacy, but there will also be extensive online advertising and an online component that features pharmacists answering common questions.

“These efforts will help contributed to store wide sales growth as loyal pharmacy guest are some of our best guest in terms of frequency and basket size,” Tesija said.

Target has already benefitted from an emphasis on pharmacy and the retail contends it is gaining market share from other channels and seeing big increases in prescription volume as a result of it $4 and $10 generic drug programs.

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