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  • Costco sales mostly soft in January

    Same-store sales at Costco were mostly flat in January across the globe, mirroring reports from other retailers reporting soft sales.

  • Boot Barn kicks into higher gear in Q3

    Boot Barn reported double-digit profit and revenue growth in the third quarter helped by its recent acquisition of Sheplers.

  • General Growth clarifies comments about Amazon’s store expansion plans

    The CEO of General Growth Properties caused a firestorm late Tuesday when he made a passing reference during the company’s fourth quarter earnings call that Amazon was planning to open 300 to 400 bookstores. On Wednesday, the mall giant issued a very short statement that poured water on the fire.

    “General Growth Properties CEO Sandeep Mathrani has indicated that a statement he made concerning Amazon during GGP's earnings conference call held on February 2, 2016, was not intended to represent Amazon's plans.”

  • CVS Health opens first pharmacy within Target in N.C.

    The first of the pharmacy-within-a-store concepts showcasing the CVS Health and Target partnership went live Wednesday morning in the Charlotte, N.C. market. CVS Pharmacy and Target executives participated in a grand opening celebration at the Target store on Weddington Road in Wesley Chapel.

  • Lowe's steps it up in Canada with RONA purchase

    Lowe's is making major moves in Canada with the $2.3 billion purchase of RONA Inc., a Canadian home improvement retailer and distributor.

    Lowe's had previously made an unsolicited bid on the company more than three years ago, but the substantially higher offer this time around was accepted by Rona's board.

  • Meijer donates $500,000 to help residents of Flint, Michigan

    Meijer is continuing to provide support to Flint with a $500,000 donation to help meet the needs of the city’s residents, who are struggling with contaminated drinking water.

    The retailer’s donation will be distributed to three nonprofit organizations that are coordinating a variety of relief efforts related to the ongoing water crisis, including:

  • Baker Katz acquires 30,000 sq. ft. of land in Houston

    Houston -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm specializing in retail tenant representation, investment sales, and project development and leasing, announced that it has purchased 30,000 sq. ft. of land in Houston and completed a 7,000-sq.-ft. lease on behalf of Advance Auto Parts. Construction will slated to begin this month with an opening in May 2016.

  • Former lululemon CIO rejoins company as board member

    Kathryn Henry is back at lululemon athletica inc., in a new role as a member of the company’s board of directors, a move the company’s founder contends is an important first step to making larger changes.

  • Brixmor Property Group signs grocery-anchor at Highridge Plaza

    Yonkers, N.Y. -- Brixmor Property Group announced it has strengthened its tenant offering at Highridge Plaza in Yonkers, New York, with the addition of Hmart, an Asian-American supermarket chain. Hmart is scheduled to open a 41,764-sq.-ft. store in fourth quarter 2016.

  • Westfield unveils new customer journey at LAX Terminal 2

    Los Angeles -- Westfield invested $78.3 million into LAX terminal 2 in Los Angeles, transforming nearly 76,000 sq. ft., including more than 15,000 sq. ft. of new dining and retail at Los Angeles International Airport. According to Westfield, the upgrade brings together a vibrant design, local restaurants and signature retail, creating a more holistic customer journey.

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