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Finance & Capital Management

  • Passco Companies acquires center for $15.8 million

    Rancho Cucamonga, Calif. -- Passco Companies has acquired Day Creek Village located in in Rancho Cucamonga, California for $15.8 million.

    Day Creek Village is a neighborhood shopping center in the second largest submarket in California’s Inland Empire market. The 25,002 sq. ft. center is 100% leased and is shadow-anchored by a Ralph’s grocery store, and currently has 14 tenants, including Starbucks, Wells Fargo, Super Cuts, Subway, and Orange Theory Fitness.

  • Hammond Aire Plaza in Baton Rouge, Louisiana sold

    Baton Rouge -- JLL’s Capital Markets experts announced the firm has closed the sale of Hammond Aire Plaza located in Baton Rouge, Louisiana, on behalf of Kimco Realty. The asset was purchased by a joint venture partnership between DRA Advisors and Viking Partners.

    Managing director Margaret Caldwell, VP Diane Roberts and associate Eric Spencer led the JLL team on the transaction.

  • Not a fun-filled holiday for Build-a-Bear

    Build-A-Bear Workshop is still expecting a third consecutive year of positive same store sales despite a decline in traffic over the holiday period.

    On a preliminary basis, for the fourth quarter ended Jan. 3, the company said it now expects:

  • Aeropostale CEO gives up 1 million shares

    In an effort to control cost, Aeropostale is reducing its corporate headcount by 13% and CEO Julian Geiger is relinquishing one million stock options that will be doled out to others for retention purposes.

    The mall-based specialty retailer of casual apparel for young women and men plans to eliminate 100 corporate position by the end of its 2015 fiscal year and said the move would save between $35 million and $40 million annually.

  • Holiday scorecard Part II: More winners and losers revealed

    Another batch of retailers released holiday results this week and provided further evidence that an unusual blend of economic factors and evolving shopping behaviors made for a strange holiday season.

  • Starbucks commits big time to China — and not just with more stores

    Photo: Jack Ma and Howard Schultz, China Partner Family Forum

  • Not a fun-filled holiday for Build-a-Bear Workshop

    Build-A-Bear Workshop is still expecting a third consecutive year of positive same store sales despite a decline in traffic over the holiday period.

    On a preliminary basis, for the fourth quarter ended Jan. 3, the company said it now expects:

  • Boot Barn backtracks on Q3 expectations

    Warm weather, as well as layoffs in the oil and gas industry hindered sales Boot Barn during the holiday quarter.

    Boot Barn announced preliminary results for the third quarter ended Dec. 26 as follows:

    • Preliminary net sales increased 49% to approximately $194 million;

    • Opened 5 new stores and completed the rebranding of 19 Sheplers stores;

  • New York & Co. keeps momentum through holidays

    New York & Co. was able to rise above headwinds from unseasonable weather during the holidays to an increase in same-store sales.

    The company says same store sales increased 1.6% during the holiday period and that it expects same-store sales for the full quarter to increase in the low single-digit percentage, in line with the company’s previously disclosed guidance.

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