Content about New York

May 20, 2013
D’Agostino Supermarkets partners with Aisle50

D’Agostino Supermarkets is partnering with online discount provider Aisle50 to offer exclusive deals and discounts on national and local grocery, and consumer packaged goods brands.

May 17, 2013
Brixmor names former Kimco COO as new president/CFO

New York -- Brixmor Property Group has appointed Michael V. Pappagallo as president and CFO, effective May 20.

Pappagallo will play an integral role in the execution of Brixmor's long-term business and capital markets strategy.  In addition, he will lead the company's finance and accounting teams, as well as have functional oversight of its property operations, information technology, acquisitions/dispositions and investor relations efforts.

May 17, 2013
Ethnic consumers represent strong potential

New York - Ethnic consumers represent strong potential for retailers, according to new data released by the Nielsen Company. For example, the 43 million African-Americans in the U.S. (about 14% of the population) buy more hand and body lotion products than the average consumer.

May 17, 2013
Wegmans delays Massachusetts store opening

Wegmans is pushing back the scheduled opening of a new store in Newton, Mass., until spring 2014.

May 17, 2013
Wegmans delays Massachusetts store opening

Wegmans is pushing back the scheduled opening of a new store in Newton, Mass., until spring 2014.

May 16, 2013
Barneys’ Simon Doonan designs window display for Duane Reade

In what it called a “first-of-its-kind” installation at a drugstore chain, Nexxus Salon Hair Care unveiled a window display tribute to the Tony Awards and Broadway at the Duane Reade store across from Radio City Music Hall in Manhattan.

May 14, 2013
Cache loss widens in Q1

Cache reported a loss of $18.5 million for the first quarter, widened from a loss of $1.2 million in the same quarter last year.

May 13, 2013
SRS Real Estate names senior executive

SRS Real Estate Partners said it has appointed Bob Taylor as senior VP in the New York office.

May 13, 2013
Toys ‘R’ Us names interim CEO

Toys "R" Us has appointed Antonio Urcelay, 61, the head of its European operations, as interim CEO, according to a filing the retailer made on Monday with the Securities and Exchange commission, The Record reported.

May 10, 2013
Marks & Spencer puts new spin on 'clicks & bricks' with innovative Amsterdam store

British retailer Marks & Spencer takes a giant leap forward in its goal of becoming a multichannel leader with the opening of its innovative new concept store in Amsterdam.

May 10, 2013
Private equity firm TowerBrook Capital to acquire True Religion for $835 million

True Religion Apparel has entered into a definitive merger agreement with New York and London-based investment management firm TowerBrook Capital Partners, in a transaction valued at approximately $835 million.

May 9, 2013
Mixed-bag for retailers in April; TJX, Gap and The Buckle shine

TJX Cos., Gap Inc., The Buckle and Zumiez all reported better-than-expected same-store sales for April, even as concerns about the job market bit into other retailers’ results.

May 9, 2013
Report: Costco gets OK to open store in Baton Rouge

Officials in Baton Rouge have approved more than $7 million in incentives to bring a Costco store to the Louisiana city, the Associated Press reported.

May 9, 2013
Survey: Consumers prefer customized in-store experiences over online

Checkout remains the number one in-store pain point for 73% of U.S. consumers, according to a survey by Synqera, a global technology startup that uses big data to bring personalized digital experiences to the physical retail store.

May 9, 2013
TJX joins exodus of retailers no longer reporting monthly sales

TJX Cos. has joined the growing ranks of retailers who no longer report monthly sales.

May 8, 2013
Foot Locker to buy German athletic footwear chain Runners Point

Foot Locker Inc. said Wednesday that it will buy German athletic store chain Runners Point Warenhandelsges (RPG) for 72 million euros ($94 million) as it expands in Europe.

May 8, 2013
Rite Aid celebrates conversion of Buffalo stores to its Wellness format

Buffalo, the second largest city in New York, has become the first market in which a majority of Rite Aid's stores have been converted to the Wellness format, the retail pharmacy chain announced.

May 7, 2013
Chefs On Fire

In New York City, Philadelphia, Washington, D.C., Denver — and other major cities across the country — creative young chefs are opening their own restaurants.

"In New York, the trend isn't all that new. Think of Andre Soltner, Jean-Georges, David Chang and others," said Faith Hope Consolo, noted trend-watcher and chairman of Douglas Elliman's Retail Group in New York City.

Indeed, we probably shouldn't call it a trend any more. In a growing number of cities, chef-owned restaurants are a mainstay of rising urban neighborhoods.

May 7, 2013
Doing Deals

Editor's Note: Chain Store Age's 24th annual survey of Fastest-Growing Acquirers measured retail square footage purchased during the 2012 calendar year.

This year's Fastest-Growing Acquirers range from list regulars to newcomers, a clear sign that retail is returning as a favored sector for growth.

A recovering economy continues to make retail an appealing category for operators and investors alike and, as might be expected, this year's fraternity contains some of the industry's major consolidators. Yet it also holds investment funds branching into new sectors.

May 7, 2013
Industry Leaders

Real estate solution-providers equip retailers to make strategic decisions

Any economic recovery begs a number of questions for a retailer: When can I grow again? Where should I go? What does my customer want and need now? How big can my stores — and my business — be? Even though we are on the other side of the deepest recession in decades, it is still critical that retailers correctly answer these questions. We're long past the days when a chain could rely on gut instinct about a store location.

May 7, 2013
It's Your Destiny

Billed as the largest LEED Gold-certified retail commercial building in the world, Destiny USA is more than an environmental leader. It is a shopping and entertainment mecca.

The 2.4 million-sq.-ft. tourist destination in Syracuse, N.Y., is an unexpected blend of luxury outlet tenants with restaurants and big entertainment names in a high-impact setting that includes a sweeping, three-story atrium, a replica of an upside-down city destroyed, and a suspended-rope adventure for the kids.

May 7, 2013
It's Your Destiny

Billed as the largest LEED Gold-certified retail commercial building in the world, Destiny USA is more than an environmental leader. It is a shopping and entertainment mecca.

The 2.4 million-sq.-ft. tourist destination in Syracuse, N.Y., is an unexpected blend of luxury outlet tenants with restaurants and big entertainment names in a high-impact setting that includes a sweeping, three-story atrium, a replica of an upside-down city destroyed, and a suspended-rope adventure for the kids.

May 7, 2013
New Conference Series Pushes Networking

In the retail real estate landscape, there aren't as many networking options as one might think. Even fewer if you narrow it down to those events that put landlords and tenants in the same room, along with entertainment, face-to-face meet and greets, and mutually beneficial educational sessions.

May 7, 2013
Next Steps For Retail Real Estate

Now, as the recession finally begins to lift, brick-and-mortar retailers are studying their real estate concepts and pondering what comes next.

Some will pare store counts, partially in response to online competition. Some will cut store square footage. Others are expanding store numbers and square footage. Some are expanding fulfillment center square footage. Some are not changing. Careful about that.

What are you doing? Is it what you should be doing?

What are retail real estate advisers and technology providers recommending?

May 7, 2013
Real Estate's 10 Under 40

In an era where brick-and-mortar retailers face increasing challenges from the Internet and a still slow recovery, they must rely on their real estate staff — particularly those under the age of 40 — more than ever before. These professionals, who bridge the "tried-and-true" methods of their mentors and the technology-driven next generation, are creating the stores, the shopping centers, the streets of today and tomorrow.

© 2013