REAL ESTATE

Nordstrom to close downtown Indianapolis store

BY CSA STAFF

Seattle — Nordstrom announced plans to close its Circle Centre store in downtown Indianapolis, Ind. Opened September 8, 1995, the 216,000-sq.-ft. location will close to the public at the end of business on July 31, 2011.

The retailer will continue to operate a nearby location at The Fashion Mall at Keystone, Ind.. It will open a Nordstrom Rack store at the Shops at Rivers Edge in September.

"This has been an extremely difficult decision that we’ve wrestled with for some time because we care a lot about our employees, our customers and this community," said Erik Nordstrom, president of stores at Nordstrom. "We’ve enjoyed serving our customers in downtown Indianapolis, but unfortunately our business has declined over the long term for some time and despite our efforts to turn things around we don’t see the outlook significantly changing."

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Mega Brands to create Thomas & Friends construction sets through renewed licensing deal

BY CSA STAFF

MONTREAL — Mega Brands announced that it has extended its licensing agreement with Hit Entertainment to develop construction sets based on Thomas & Friends.

Under the expanded contract, Mega Brands is granted the global rights to create all-new construction toy sets based on the exciting world of Thomas & Friends, including new iconic characters and Island of Sodor destinations straight from the popular long-running television series, according to a press release.

"The Mega Bloks Thomas & Friends building sets have been very successful and we look forward to our continued relationship with HIT Entertainment," said Vic Bertrand, chief innovation officer of MEGA Brands. "We’re delighted to bring these beloved characters and adventures to life for children and families to enjoy."

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Delhaize Group elects new members to board

BY CSA STAFF

BRUSSELS — The Belgium-based parent company of Delhaize America, which operates such banners as Food Lion and Harveys in the United States, has elected new members to its board of directors.

Delhaize Group on Thursday confirmed that its shareholders approved Hugh Farrington as director for a term of three years, as well as Jacques de Vaucleroy and Baron Vansteenkiste as independent directors for a term of four years each. What’s more, shareholders also approved the appointment of Jean-Pierre Hansen, William McEwan and Mats Jansson as independent directors for a term of three years.

Additionally, Delhaize Group’s president and CEO, Pierre-Olivier Beckers, confirmed the earlier-announced capital expenditures and network expansion guidance for the full year 2011.

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