REAL ESTATE

Glimcher makes executive appointments

BY CSA STAFF

Columbus, Ohio — Glimcher Realty Trust has announced the promotion of Thomas J. Drought to the position of executive VP, director of leasing.

Drought was previously senior VP, director of leasing.

Glimcher also announced the appointment of Damion Sankovich to VP leasing. Sankovich was previously regional director, leasing.

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News

Haugarth takes on new role at Supervalu

BY CSA STAFF

MINNEAPOLIS — Supervalu has named Janel Haugarth EVP merchandising and logistics. She will replace Steve Jungmann, formerly EVP merchandising, who is leaving the company effective immediately, the company reported.

In her new role, Haugarth will be responsible for all merchandising activities across the company’s traditional retail and independent retail businesses. The move consolidates the leadership of all of the company’s merchandising activities, with the exception of Save-A-Lot, under the leadership of a single EVP, Supervalu noted.

Formerly EVP, president and COO of the company’s supply chain services organization, Haugarth will continue to oversee all of the company’s supply chain and logistics operations, and will directly report to Craig Herkert, CEO and president, Supervalu.

“By consolidating responsibility of our merchandising activities under [Haugarth’s] leadership, we will accelerate progress on our company’s business transformation,” Herkert said. “This new structure will enable us to better leverage our scale with the supplier community and meet our customers’ needs with the right products at the right time and at the right price. … [Haugarth] is a proven industry leader, with a strong track record for delivering results,” Herkert added. “[Haugarth’s] experience working closely with both suppliers and independent retailers gives her a unique point of view in our industry.”

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FINANCE

Best Buy same-store sales fall in December

BY CSA STAFF

Minneapolis — Best Buy Co.’s December same-store sales fell 4% as softness continued in its sales of televisions and entertainment software.

The retailer, which also reaffirmed its 2011 profit outlook, said on Friday that same-store sales in its domestic segment fell 5% and 0.1% internationally.

Overall sales in the month slipped 1.6% to $8.4 billion.

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