REAL ESTATE

Leslie’s Poolmart to grand-open two stores on path to 48

BY Katherine Boccaccio

Phoenix — Leslie’s Poolmart, parent to Leslie’s Swimming Pool Supplies, said Monday that it will grand-open two stores on May 3, putting the retailer on track toward opening its previously announced 48 new stores between March and May 2013.

The May 3 grand openings are in Springfield, Pa., and in Oceanside, Calif.

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News

FlashPark technology unveiled at The Grove

BY Katherine Boccaccio

Los Angeles — Shopping center owner Caruso Affiliated said Monday that it has launched a new parking technology, FlashPark, at The Grove retail and lifestyle destination in Los Angeles.

The technology allows smartphone users two free hours of parking and eliminates paper tickets and cash.

FlashPark, developed by Caruso with efforts led by Matthew Stoehr, senior VP information technology, was created by using the latest Microsoft and mobile technologies. It is incorporated into the existing Grove app that launched in 2012, and offers the opportunity for guests to add funds to a FlashPark account (in specified stored value amounts) prior to their visit. Once guests arrive, they can scan a code on their phone as they enter and exit the parking structure, and the parking fee will be debited from their account.

Participants will have the ability to automatically reload their account as the balance reaches a predetermined level. Guests will see their account balance displayed when using FlashPark at any entrance or exit parking machine.

“The FlashPark platform will differentiate the onsite experience and offer the next phase of unparalleled services to our guests,” said Paul J. Kurzawa, COO, Caruso. “We look forward to expanding FlashPark to other Caruso Affiliated properties down the road.”

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W.Hussey says:
May-13-2013 04:54 am

So to take advantage of this
So to take advantage of this free hour parking do we need to own a smart phone? If we do not have it we need to buy it.. right? Vanity Countertops

W.Hussey says:
May-13-2013 04:54 am

So to take advantage of this free hour parking do we need to own a smart phone? If we do not have it we need to buy it.. right? Vanity Countertops

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FINANCE

Aeropostale Jury: Finazzo must forfeit $25-plus million

BY Katherine Boccaccio

New York — A Monday report by Bloomberg said that ex-Aeropostale executive Christopher Finazzo – convicted last week on 14 counts of fraud against the retailer – has been order to forfeit more than $25 million.

Jurors unanimously found that Finazzo must turn over $25.79 million in cash, interest in four Calverton, N.Y., properties and as much as $300,000 from a trading account, according to the Bloomberg report, which cited a statement by Robert Nardoza, spokesman for Brooklyn U.S. Attorney Loretta Lynch.

The former Aeropostale merchandising executive steered $350 million worth of business to a supplier controlled by a friend; the retailer overpaid for the merchandise and Finazzo and the friend, Douglas Dey, shared the revenue. Finazzo faces a maximum sentence of 20 years in prison on each of the fraud counts.

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