RILA praises California ‘e-fairness’ legislation
Arlington, Va. — The Retail Industry Leaders Association (RILA) thanked California Governor Jerry Brown for signing legislation that would help level the playing field between online-only retailer Amazon.com and brick-and-mortar stores across California.
"For too long U.S. tax policy has favored online-only retailers like Amazon over the brick-and-mortar stores that create jobs and serve our communities, and it’s time to end that special treatment and give all businesses the chance to compete and create jobs in a free and fair market,” said Katherine Lugar, RILA executive VP for public affairs.
California joins Texas and a growing list of states that have passed or are drafting e-fairness legislation to address antiquated pre-Internet rules that allow online retailers without a "physical presence" in a state to skirt the obligation of collecting and remitting state sales taxes, giving those e-tailers a perceived price advantage over local retailers. After decades of federal inaction, these state efforts have sparked a renewed interest in federal legislation that would level the playing field nationally for all retailers.
Stater names senior VP retail operations
San Bernardino, Calif. — Dan Meyer has been promoted to the position of senior VP, retail operations of Stater Bros. Markets. A new position in the company, Meyer will be responsible for the retail operations of Stater Bros.’ 167 supermarkets as well as overseeing the day-to-day operations of the Corporate Training Center.
Meyer, who joined Stater Bros. in 1971, most recently served as senior regional VP.
CBL to acquire Northgate Mall
Chattanooga, Tenn. — CBL & Associates Properties said Thursday that it has agreed to acquire Northgate Mall in CBL’s hometown of Chattanooga, for $11.5 million in cash.
The mall was listed for sale through an online auction. CBL anticipates closing on the transaction by Oct. 6.
“This transaction represents a unique and special opportunity for us to grow our presence in our hometown,” said Stephen Lebovitz, president and CEO, CBL. “Northgate Mall is well-located in a growing part of Chattanooga, with tremendous access and visibility. We believe that the property can be better positioned to meet the growing need for retail in the area. We are already exploring the best way to reposition the center to serve the area and will look forward to making additional announcements as plans solidify.”
Following the close of the acquisition, CBL plans to revitalize the property through redevelopment, which may include the addition of junior anchor stores and restaurants and repurposing the adjacent community center. CBL envisions creating a destination that will better serve the area north of the Tennessee River while complementing Hamilton Place Mall’s position as the dominant fashion outlet in the market.
Northgate Mall is an 823,000-sq.-ft. enclosed regional mall anchored by Belk, J.C. Penney and Sears, and features a freestanding 14-screen state-of-the-art Carmike Cinema and a 70,000-sq.-ft. community center occupied by TJ Maxx and Catherine’s.
CBL owns and manages Hamilton Place Mall, a 1.3-million-sq.-ft. dominant super-regional enclosed mall as well as five associated centers and two office buildings, including its headquarters, in the Chattanooga market.