REAL ESTATE

Kite announces multiple new leases, openings

BY Staff Writer

Indianapolis — Kite Realty Group said that that Marco’s Pizza has leased 1,737 sq. ft. at Bridgewater Marketplace, located in Carmel, Ind. Bridgewater Marketplace has a total GLA of 55,180 sq. ft.

Great Clips has leased 1,627 sq. ft. at Naperville Marketplace located in Naperville, Ill., a 162,111-sq.-ft. center anchored by TJ Maxx, Petsmart and Caputo’s Fresh Market.

Learning Express Toys has leased 3,704 sq. ft. at Oleander Point in Wilmington, N.C., a 57,782-sq.-ft. Whole Foods-anchored center.

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Payless supports breast cancer awareness with special earrings

BY CSA STAFF

TOPEKA, Kan. — Payless announced that it is supporting breast cancer awareness with the sale of a special earring set. Sales from the earrings, which cost $2 and are available in stores and online, will go toward helping Susan G. Komen for the Cure, the world’s largest breast cancer organization and the largest source of non-profit funds dedicated to the fight against breast cancer.

"We are excited to continue to show our support for this important cause through our popular breast cancer awareness program," said LuAnn Via, CEO and president of Payless. "Our Embrace the Cause item priced at $2 allows just about everyone to join in the fight against breast cancer and demonstrates how just a small purchase can help raise millions of dollars to help save lives."

Payless will donate 100%of the net profits (at least $1 per earring set) of the item sales to Susan G. Komen, helping to support breast cancer research and community outreach programs. Over the past eight years, the Payless Embrace the Cause program has raised nearly $4 million donated to Komen and dedicated to the fight against breast cancer. Payless is proud to be a member of Komen’s "Million Dollar Council."

The limited-edition earring set features two pairs of earrings – the first style features a light pink studded crystal-like stone and the other a silver-toned breast cancer awareness ribbon.

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Castro-Wright retirement opens door for new social commerce leadership

BY CSA STAFF

BENTONVILLE, Ark. — Wal-Mart Stores is in search of a new head of its global ecommerce and global sourcing businesses now that Eduardo Castro-Wright announced his retirement effective July 1, 2012. Walmart said it intends to name new leadership for these businesses by the end of January, after which Castro-Wright will assist in the transition.

In his role as vice chairman and CEO of global ecommerce and global sourcing, Castro-Wright, 56, has been instrumental in developing Walmart’s social and mobile commerce business, which included the development of @WalmartLabs through the acquisition of Kosmix, atechnology platform that searches and analyzes connections in real-time data streams to deliver highly personalized insights to users.

In order to continue the momentum of its social commerce venture, Walmart will have to choose Castro-Wright’s replacement carefully. As Retailing Today editor Mike Troy opined in an article on the Kosmix deal, "Say what you will about Castro-Wright, and plenty have, the guy gets things done and could be exactly what Walmart needs to bring a sense of urgency to the development of Walmart’s multichannel capabilities."

Castro-Wright joined Walmart in 2001 as president and COO of Walmart Mexico and was promoted to president and CEO of that business in 2003. He also served as COO for a short period until being named president and CEO of Walmart U.S. in 2005. He was promoted to vice chairman in 2008 and assumed his current responsibilities in August of last year.

"Eduardo has made many contributions at Walmart, beginning in Mexico and continuing until today," said Walmart CEO Mike Duke. "He has been a strong advocate for our customers and in every assignment has brought passion and commitment to the job. He has also built talented teams wherever he has led."

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