Michigan center sold for $11.5 million
Southfield, Michigan-based Versa Development has purchased Cascade Crossing in Sault Ste. Marie for $11.5 million.
Mid-America Real Estate Corp. handled the sale on behalf of the seller, DDR Corp.
Situated at the junction of Interstate 75 and 3 Mile Road in the Canadian border town, the 276,361-sq.-ft. center is anchored by Kohl’s, J.C. Penney, TJ Maxx, and Jo-Ann Fabrics.
Great Clips opens 4,000th store
It was in 1983 that Steve Lemmon and David Rubenzer brought on Ray Barton as a partner to franchise the cheap haircut concept they started on the University of Minnesota campus. They chose well. Barton’s wife Mary Lou was one of the first franchisees, and Barton himself remains chairman of the board as the company celebrates the opening of its 4,000th franchise in Flat Rock, Michigan.
“The company continues to grow with happy franchisees who open multiple salons,” said Great Clips CEO Rhoda Olsen.
The average franchisee operates five to six salons, and Great Clips claims to have its sign above the doors of about half of all the franchised hair salons in the nation. Total chain revenue is just above $1 billion.
Tech Bytes: Three Tips to Help Women Succeed in Technology
Political feelings aside, the fact remains: When Hillary Rodham Clinton was nominated as our nation’s first official female presidential candidate, history was made. It sets a tone for all going forward — women can achieve anything they have the determination to pursue, regardless of the industry.
This point was driven home at the Northwest Arkansas Technology Summit held earlier this month in Rogers, Arkansas. During the conference’s “Women in Technology Panel,” a board of talented executives discussed how to remove this group from the “endangered species” list, as well as what it takes to break down barriers, and succeed in a male-dominated industry.
Here are their top three suggestions:
• Learn how to self-advocate. It is no secret that self-promotion is a critical element in furthering a career. However, this is often a sore point for women. By nature, females are often conditioned to wait to be recognized, rather than be self-promoting. To succeed in the 21st century IT workplace however, the tides must turn.
“Self-promotion is the single most important thing needed to further your career,” said Sarah Gelbman, Oracle’s global technology sales manager for Walmart.
The highest levels of success are often rendered through a two-pronged approach. First, “Take the word ‘self’ out of advocacy and promotion, and then you can more easily define your self and value proportion,” Gelbman reported.
Next, associates must focus on successes reached not just as an individual, but as a team. Then associates must relate how these achievements positively impact the company.
“These points always come back to how you brand — or sell — yourself across the organization,” she added. “Share your stories as a means of building relationships with team members. Your network increases, as does your visibility across the company.”
• Be your authentic self. With Deloitte data predicting that women will hold less than 26% of all technology jobs by year’s end, it is not uncommon for females in IT to be “the only girl in the room,” recalled Kristen Williams, senior director e-commerce, Walmart technology. For Williams, rather than shy away from the challenge, she viewed this as an opportunity.
“I quickly realized that I may view things differently than the 85 other men in the room,” Williams said.
It also prompted her to learn all that she could to be an “expert” in her field.
“For me, an expert doesn’t settle just to get by. They are viewed as the best,” Williams added. “By being myself among my team, and sharing my expertise — especially something that I know no one else can bring to the table — I am authentic to myself and strive to do the best job I can.”
• Find “a good tribe.” Oftentimes, individuals tend to migrate to those who “look” like them, or work in a similar manner. While this strategy is fine, “it can box in associates, and keep us from expanding and learning what’s new,” explained Rachel Mushahwar, Intel’s head of Americas, retail, hospitality and CPG global sales and marketing.
Associates that surround themselves with a diverse group, “including men, women, young and older associates, are creating stronger self-confidence,” said Jennifer Glasgow, chief privacy officer emeritus, Axciom. “This group also becomes a strong advocate for you and your value within the company.”
More importantly, this tribe should also possess an associates’ two strongest — but often overlooked — advocates: a mentor and a sponsor. A mentor is an associate’s “go-to” person when in need of support, advice or help. A sponsor however, will advocate on her behalf “even when I am not there,” explained Mushahwar. Whether lending support in the boardroom or encouraging — and referring — their protégé for a new position, mentors and sponsors have clearly become critical relationships for women in IT.
Chain Store Age knows there are even more examples of how women are transforming the retail technology industry, and we are eager to tell their stories in our annual “Top 10 Women in Tech” feature. To celebrate the achievements of these female technology executives, the “Top 10 Women in Tech” will profile winners in a special section of the magazine’s January 2017 issue, as well as in an online report on chainstoreage.com.