REAL ESTATE

Nordstrom Rack announces second location in Brooklyn, N.Y.

BY Marianne Wilson

Seattle — Nordstrom announced that it plans to open a Nordstrom Rack at Gateway Center in Brooklyn, N.Y. The approximately 33,000-sq.-ft. store is scheduled to open in fall 2014. Gateway Center is owned and managed by Related Companies.

When it opens, the Gateway Center Nordstrom Rack will be the company’s second Brooklyn location. The first Brooklyn Rack is set to open on Fulton Street in spring 2014.

"We can’t wait to open our Brooklyn stores in 2014," said Geevy Thomas, president of Nordstrom Rack. "We know customers here have a lot of options and high expectations, and we intend to bring our very best — exciting fashion from the best brands at great prices — to earn their business."

Nordstrom last year announced plans to open its first New York City full-line store in 2018 at 225 West 57th Street, between Broadway and Seventh Avenue.

The company also has plans to open a Rack store in Manhasset, N.Y., in spring 2014. Nordstrom first came to the Tri-State Area in 1990, with the opening of its Garden State Plaza full-line store in Paramus, N.J. Nordstrom Rack has operated in New York City since 2010 at its Union Square location.

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OPERATIONS

Lululemon names Kmart exec as chief product officer

BY Marianne Wilson

New York — Lululemon has named Tara Poseley as chief product officer. She most recently served as president of Kmart Apparel, where she was responsible for the launch of several new product collections to attract a younger and multi-cultural customer.

Previously, she held the position of interim president at Bebe Stores, president of Disney Stores North America (The Children’s Place) and CEO of Design Within Reach (DWR).

In her role at Lululemon, Poseley will oversee the company’s global merchandising and design strategy.

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News

Nestlé takes U.S. pizza business to Ohio

BY CSA STAFF

Nestlé plans to relocate its pizza business from Northbrook, Ill., to Solon, Ohio. Nestlé Pizza operates the Digiorno, California Pizza Kitchen, Tombstone and Jack’s brands. The company anticipates completing the move by mid-2014.

The Nestlé Pizza Division brands were acquired from Kraft Foods in 2010 for $3.7 billion. The acquisition allowed the company to expand its frozen prepared foods category.

Nestlé executive John Carmichael will return to the U.S. from his assignment as Nestlé Zone Americas deputy in Vevey, Switzerland, to become president of Nestlé Pizza Jan. 1, 2014. Paul Bakus, the current president of Nestlé Pizza, has been named president of corporate affairs for Nestlé in the market, effective Jan. 1, 2014.

"By moving Nestlé Pizza to Ohio, we’ll bring together terrific brands and powerful businesses that will create many more talent development opportunities for our employees," said Nestlé USA chairman and CEO Paul Grimwood. "The decision also allows us to better manage our costs and to improve our efficiencies by operating as one Nestlé with our retailers."

The relocated pizza business will also benefit from close proximity to the expanding R&D facilities in Solon, Ohio. In June, the company announced its $53 million investment to build a product technology center dedicated to frozen and chilled foods research. The new facility is now under construction and will be operational in early 2015.

The Nestlé Pizza Division also operates two pizza production bakeries in the cities of Little Chute and Medford, both in Wis. These facilities and their employees will not be relocating to Ohio.

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