REAL ESTATE

Wear District concept coming to Ohio

BY CSA STAFF

Youngstown, Ohio Cafaro Co. announced that a new retail concept called Wear District will open at Eastwood Mall in mid-July. The store will occupy a 25,500-sq.-ft. space formerly inhabited by Steve & Barry’s.

Wear District, which sells name-brand apparel at closeout prices, originated in Michigan, with its first store opening in Grand Rapids, Mich., early this year, and another location slated to open in July in Monroe, Mich.

Also new to Eastwood Mall are Once Upon a Child consignment store and Boardman Coin.

The Eastwood Mall Complex, in Niles, Ohio, has been serving the communities of northeast Ohio since 1969, with more than 3 million sq. ft. of retail, dining and entertainment offerings. It is owned and managed in association with Cafaro-related companies.

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First Insight adds new director

BY CSA STAFF

PITTSBURGH First Insight announced that Richard Marcus has joined its board of directors.

Marcus, a senior advisor at Peter J. Solomon Co., a leading independent investment banking firm, is a director of 7 Billion People and My Wines Direct.

Marcus commented, “First Insight’s new product market testing analytics gives retailers the means to couple new product development and merchandising decisions with keen predictive insight. Its customer network approach to product market testing offers retailers unmatched scale, speed, and accuracy critical for better merchandise performance and customer satisfaction.”

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Deer Consumer products names new board members

BY CSA STAFF

NEW YORK Deer Consumer Products, maker of small kitchen electronics targeting both international and the Chinese domestic markets, welcomes three independent board members to the company.

Arnold Staloff, chairman of the audit committee, currently serves on the boards of several NASDAQ listed companies including Shiner International, a packaging and anti-counterfeit plastic film company; AgFeed Industries, a feed and commercial hog producer and SmartHeat, an energy savings equipment company.

 

Edward Hua, chairman of the nominating committee, has held various management positions at the Bank of China and is currently the general manager of the Treasury Department of the Bank of China Shenzhen Branch.

Walter Zhao, chairman of the compensation committee, has been the president of Kaito Electronics, an electronics design and manufacturer, since 1997.

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