REAL ESTATE

Wisconsin to gain new Walmart, Macy’s and Target

BY Staff Writer

Milwaukee — A Wednesday report by the The Business Journal of Greater Milwaukee said that the Village of Greendale (Wis.) has approved a Walmart and garnered one of several approvals needed for a Macy’s at the village’s board meeting held Tuesday.

The board approved rezoning, a special use permit and other plans needed for a 92,000-sq.-ft. Walmart slated to include a pharmacy and grocery with two out-lots for future developments.

Gatlin Development Co., the company that’s developing the store for Wal-Mart Stores, didn’t give an estimated groundbreaking date, but Scott Satula, village director of inspection services, expects it to be soon, he said.

The village also approved exterior changes at Southridge Mall for the addition of a Macy’s department store. Macy’s still needs approval for interior changes, Satula said.

In related news, the Brookfield (Wis.) Common Council unanimously approved a rezoning request and site plan Tuesday for a 140,000-sq.-ft. Target store, Quebecor World a second-to-last step before final approval.

The store is part of a larger plan for a retail strip proposed by Ryan Cos. US, of Minneapolis, which could eventually include a restaurant, junior anchor tenant, bank and other retail stores.

The addition of a big-box retailer caused some concern among the city council and residents, and the council asked for several changes to the original plan from Ryan Cos., including greater architectural detail and landscaping enhancements. The requested changes were included in the approved site plan, according to Dan Ertl, director of community development.

Groundbreaking on the Target store is slated for Aug. 31, with store opening projected for October 2012.

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OPERATIONS

Lumber Liquidators board member Tadler to step down

BY Staff Writer

Toano, Va. — Hardwood flooring retailer Lumber Liquidators said Wednesday that Richard D. Tadler will be stepping down from the board of directors, effective June 30.

Tadler joined the board in 2004 when TA Associates, the private equity firm of which he is a managing director, originally invested in the company.

TA Associates divested its interest in Lumber Liquidators in 2009, leading to Tadler’s decision to step down.

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News

CPG companies get much needed boost from technology

BY CSA STAFF

WASHINGTON — The vitality of consumer packaged goods companies is healthy again, according to a new report issued by the Grocery Manufacturers Association and PricewaterhouseCoopers on Wednesday.

Despite rising commodity costs, the CPG industry now is in recovery mode with companies refocused on a growth agenda and looking to international expansion as an opportunity to enhance both the top and bottom lines, according to the report, titled “Thriving in a Connected World.” The value of shipments in the CPG industry rose 6% to almost $124 billion in 2010 versus the prior year. Across the board, financial performance generally improved over 2009, with the manufacturing sector achieving strong median one-year shareholder returns of 15%. In addition, median earnings before interest and taxes growth overall improved from 4.3% to 12.9%.

A lot of this growth can be traced to CPG companies’ incorporation of digital technologies. “CPG companies of all sizes harnessed digital technologies in the past few years to become more productive and efficient,” GMA president and CEO Pamela Bailey said. “This study shows how food, beverage and consumer products manufacturers are leveraging innovation to optimize service to consumers and trading partners.”

To determine the best use of mobile devices across the workforce, the report suggested that workforce productivity should be viewed through three lenses: mobility on the floor where workers use their digital devices for instant information, in the field where mobile employees can make decisions on the spot with their devices and in flight where sales representatives, who historically travel to each location to analyze performance, now use mobile technology to monitor activity. The report also noted that as devices and wireless data networks grow, rich multimedia capabilities will continue to be added to business workflows, and businesses will continue to capitalize on the opportunities mobile devices create within the workforce.

”Today’s consumers are more empowered with greater control of their shopping choices with the growing array of digital technologies like smartphones, tablets and social media,” added Susan McPartlin, PwC’s retail and consumer industry leader. “And they aren’t shy about posting their feelings online about products, where they literally are handing over reams of potential insights that can create a tremendous opportunity for CPG companies that can find the patterns in the noise.”

"Thriving in a Connected World" will be presented via webcast by PwC and GMA June 29 at 1:30 p.m. EST. Click here for registration information.

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