Marketing

Austin, Texas -- GBT Realty Corp. announced its acquisition of a prime retail site in the heart of one of the fastest-growing cities in Texas and the U.S. Located in Cedar Park, Texas – a community that has grown over 400% since 2004 – Lakeline Commons is a 1.43-acre site that is shadow-anchored by Target and adjacent to The Home Depot.  

GBT acquired the north Austin outparcel for $1.6 million on March 19 from Regions Bank.  No additional terms are available.

The president of Saks Fifth Avenue has resigned after 15 months at the department store chain’s helm.

Saks parent company Hudson’s Bay Company announced that company veteran Marc Metrick, 41, has replaced Marigay McKee as president of Saks Fifth Avenue.

Boulder, Colo. -- Pharmaca Integrative Pharmacy will open its 30th store, in Los Altos, California, on May 2.
 
Part of the company’s aggressive strategy to expand throughout the Western region, the new store is its third location to open in 2015 and follows three store openings in 2014. Pharmaca has plans to open an additional location in Colorado mid- to late 2015.
 

Kohl’s has donated more than $2.1 million over three years to Susan G. Komen Southeast Wisconsin as part of its efforts to support families in the retailer’s hometown.

Staples is trying to increase its appeal to women by embarking on a new initiative with the city of Boston.

Chattanooga, Tenn. -- CBL & Associates Properties and Horizon Group Properties have begun construction on the second phase of The Outlet Shoppes of the Bluegrass, near Louisville, Kentucky.

The 53,400-sq.-ft. expansion is scheduled to open this November and will bring eight more retailers to the center including H&M, Abercrombie & Fitch, The Limited Outlet, and Johnny Rockets. The outlet shopping center, located off Interstate 64 between Louisville and Lexington, opened July 31, 2014.

Cabela’s is growing its Canadian operations once again with a new store in British Columbia. 

Cabela’s could begin construction in Abbotsford, B.C., this year, and could open in fall 2016. The proposed store site is located at 1880 McCallum Road in the newly planned McCallum Junction development off Exit 90 of Trans-Canada Highway 1. McCallum Junction Properties Inc. is the developer.

Despite bad publicity from a “60 Minutes” report alleging carcinogens in some of the hardwood it sells, Lumber Liquidators increased sales in the first quarter of 2015.