REAL ESTATE

Fresh Market names Advance Auto Parts exec as real estate VP

BY Dan Berthiaume

Greensboro, N.C. – The Fresh Market has named Randall A. Young as its senior VP real estate and development effective Sept. 30. Young, 56, will oversee the company’s real estate and development functions including market strategy development, site selection, store design, construction, store relocations and renovations.

Young most recently served as VP, real estate at Advance Auto Parts. He has also held a variety of real estate and construction roles at McDonald’s Corporation, among other companies.

“Randy is a great addition to our senior leadership team and brings a strong real estate background and deep knowledge of site development with growth-oriented retailers," said Craig Carlock, president and CEO of The Fresh Market. "With more than 30 years of experience in real estate development, Randy’s broad corporate experience and deep industry relationships are a great fit as The Fresh Market executes on its aggressive national store growth strategy."

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OPERATIONS

Sterling, Zale reach settlement

BY Dan Berthiaume

Akron, Ohio – Sterling Jewelers and Zale Corporation have reached a negotiated settlement of a lawsuit pending in The United States District Court for the Northern District of Ohio. The suit, originally filed in November 2012, alleged that Zale was engaging in false advertising by calling one of its diamonds “the most brilliant diamond in the world.”

The settlement will go into effect March 2014. Details are confidential.

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SUPPLY CHAIN

NRF: Retail import volume grows ahead of holidays

BY Dan Berthiaume

Washington, D.C. – Import volume at the nation’s major retail container ports is expected to grow 5.1% in September over the same month last year as retailers head into the holiday season. U.S. ports followed by the monthly Global Port Tracker report, released today by the National Retail Federation and Hackett Associates, handled 1.43 million Twenty-Foot Equivalent Units (TEUs) in July, the latest month for which after-the-fact numbers are available.

That was a 5.4% increase from June and up 1.1% from July 2012, and follows year-over-year declines in three of the four previous months. One TEU is one 20-ft. cargo container or its equivalent. August was estimated at 1.48 million TEU, up 4.1% from last year. September is forecast at 1.48 million TEU, up 5.1%, October at 1.46 million TEU, up 9%; November at 1.31 million TEU, up 2.2%; and December at 1.3 million TEU, up 0.7%. January 2014 is forecast at 1.33 million TEU, up 1.9% from January 2013.

The total for 2013 is forecast at 16.2 million TEU, up 2.5% from 2012’s 15.8 million TEU. The first six months of 2013 totaled 7.8 million TEU, up 1.2% from the first half of 2012.

“The U.S. economy is on the road to sustained growth,” Hackett Associates founder Ben Hackett said. “Second-quarter GDP was well above expectations and surprised most forecasters, the unemployment picture is improving, and we believe consumer confidence will translate into increased sales during the fourth quarter.”

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