REAL ESTATE

Fossil to overhaul business, shutter some stores
The watch and fashion accessories brand Fossil Group is planning to reorganize its business. The company, which operates 610 stores across the globe (including 284 U.S. locations) will close some stores, although it did not say how many, the Dallas News reported, as part of a multi-year business overhaul that also includes a focus on fewer products.
Mall of America 'Debuts' a pop-up collection
On Nov. 16, the Mall of America will open the doors on a revolving collection of pop-up shops that will come and go throughout the year. Branded as Debut, the 2,500-sq.-ft. space will be kicked off by an eclectic selection of nine brands including Askov Finlayson, West Elm Local, Woolrich, Pomegranate, and Laurel Way by Pam Mondale.

Pet supplies retailer keeps expanding at fast clip

Petco will celebrate the grand opening of nine new stores nationwide in November and December. The openings are in keeping with the company’s fast-paced 2016 growth plan, which includes 63 new Petco stores and one new Unleashed by Petco store year-to-date. In addition to the nine new locations, Petco will also celebrate the grand reopening of a relocated store in Kettering, Ohio.
Santa to take flight at 12 Taubman malls

Taubman is taking the Santa experience to a higher level — literally — at 12 malls this holiday season. On Nov. 11, the mall owner and manager will debut “Santa’s Flight Academy,” where kids will be able to register as members of the jolly old elf’s flight crew, help Sleigh Mechanic George or Reindeer Caretaker Flash prepare for liftoff and engage in what Taubman is describing as an “immersive holiday experience.”
Brickell City Centre makes its debut

Four years of construction in Miami’s Brickell financial district culminates on Thursday with the opening of a three-level, open-air retail center featuring the return of Saks Fifth Avenue to the city after a 30-year absence.
Online custom menswear retailer opening first shop

Knot Standard is trying on brick-and-mortar. The online seller of custom menswear will open its first store-in-store concept on Nov. 3, at Bloomingdale's Manhattan flagship on 59th Street. Knot Standard, which promises customers 100% creative control, uses 3D technology to allow customers to digitally design and visualize hundreds of fabric options to create their own unique custom garments on a large in-store touch-screen or on any iPad, prior to purchase.
Macy’s unloads five stores

Macy’s Inc. is living up to its promise to downsize. The department store giant announced it has sold five stores to General Growth Properties for $46 million. All but four of the locations will be closed by spring 2017.
Texas mall re-do to include a performing arts center

Starwood Retail Partners’ $100 million renovation of The Shops at Willow Bend in Plano, Texas, will add genuine life to its re-imagined entertainment component. North Texas Performing Arts and its Plano Children’s Theatre will make its new headquarters in a 23,000-sq.-ft. space at the mall, which is also getting eight chef-driven restaurants and a 30,000-sq.-ft. fitness center.
Sporting goods retailer revs up expansion

Modell’s Sporting Goods is opening a flagship on the site of a former rival. Modell’s will open a two-level, 20,000-sq.-ft. store on the Upper East Side of Manhattan, in a site formerly occupied by Sports Authority. The opening is slated for mid-November. The store will become Modell’s flagship store in Manhattan, said William Rudin, CEO of property manager Rudin Management Company, in a release.
Canadian outerwear brand opens pop up

Canadian retailer Arc'teryx has opened a stylish pop-up dedicated to its Veilance outerwear menswear collection. Arc'teryx partnered with New York-based design firm Snarkitecture on the temporary store, located in Manhattan’s SoHo neighborhood, which will be open until January 8, 2017.