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BRE has hired Scott Schnuckel, former head of real estate at Kohl's, to support its retail growth strategy as managing director of Americas Retail. In his nearly 20-year tenure at Kohl's, Schnuckel generated $300M in disposition proceeds and $200M through lease restructuring. He also played a key role in the retailer's partnership with Sephora, which led to the addition of 140 new locations last year, bringing the total to over 1,000.

    The partnership was a bright spot for Kohl's, which reported disappointing holiday sales down 20% from prepandemic levels and net sales fell 9.4% in Q4 to $5.2B. However, Sephora-in-store destinations saw a 13% year-over-year growth in the fourth quarter, generating $1.8B in sales.

    CBRE, on the other hand, is poised for growth with its best-ever core earnings and free cash flow in Q4, driven by rising deal volume and recent acquisitions. The firm expects to grow its earnings per share by over 10% this year, with Q1 results set to be reported on April 24.