Family Dollar Announces 10 Million Share Repurchase
Matthews, N.C., Family Dollar Stores announced on Tuesday it has executed an overnight share repurchase transaction for the acquisition of 10 million shares, or approximately 6%, of the company’s outstanding common stock for an initial purchase price of $19.97 per share through Bank of America.
Retailers Eye World Trade Center Site
New York City, With designs for the new buildings already in motion, the next step in reconstructing the World Trade Center will be the entrance of retailers along Church Street.
Port Authority executive director Kenneth Ringler said that over the next several weeks, prospective developers would be able to pitch their plans. The Port Authority, owners of the 16-acre WTC area, will develop 200,000 sq. ft. of retail space on its own, and the Church Street side of the site will allow for another 300,000 sq. ft. of retail property.
The original World Trade Center included a 600,000-sq.-ft. shopping area.
Peet’s Coffee & Tea Names CMO
Berkeley, Calif., Specialty coffee roaster and retailer Peet’s has tapped Christine Lansing for its chief marketing officer position. Most recently she was VP of marketing and global innovation for The Hershey Company.