Skip to main content

Strategy

  • Christopher & Banks cuts Q3 sales forecast

    Minneapolis - Christopher & Banks Corp. is cutting its sales forecast for the third quarter of fiscal 2014, based on sales trends to date for the quarter. The company believes sales have been negatively impacted by continued softness in mall traffic and lower than expected sales from its September fashion show, as the demand for fashion merchandise exceeded planned inventory levels, as well as due to late receipts associated with the West Coast port disruptions.

  • Brixmor names JLL Retail exec as VP of leasing

    New York - Brixmor Property Group, owner and operator of the largest wholly-owned portfolio of grocery-anchored shopping centers in the U.S., has named Christopher Ralph as VP leasing and will be based in Orlando, Florida. In this role, Ralph will oversee the leasing at Brixmor’s 58 community and neighborhood centers in Florida, which collectively total nine million-sq.-ft..

  • Container Store encouraged by new store growth

    Despite sluggish comparable store sales in the second quarter, Container Store chairman and CEO Kip Tindell is pleased with the company’s overall earnings performance, driven in part by increased average ticket growth as well as new store growth.

  • Corborn’s deploys Agilence solution to reduce shrink, improve in-store ops

    Mount Laurel, N.J. -- Agilence announced that Coborn's will deploy the Retail 20/20 exception reporting solution to reduce shrink and improve in-store operations.

  • NRF says holiday sales to grow 4.1%

    Holiday sales are projected to grow at their fastest level in years, rising 4.1% to nearly $617 billion after a 3.1% increase last year, according to an annual forecast released by the National Retail Federation.

  • Bon-Ton to exit Clearview and Raleigh malls

    Bon-Ton plans to close its Bon-Ton store in the Clearview Mall in Butler, Pennsylvania, and its Elder-Beerman store in the Raleigh Mall in Beckley, West Virginia. The company will not renew these leases, which terminate Jan. 31, 2015.

    The closings will affect approximately 38 and 39 store employees at the Clearview Mall and Raleigh Mall locations, respectively.

  • Cypress Equities acquires Lake Pleasant Crossing

    Dallas -- Cypress Equities companies announced that Cypress Lake Pleasant, LP, a new affiliated partnership, has purchased the fee simple interest in the Lake Pleasant Crossing shopping center in Peoria, Arizona.

    Cypress previously held a ground lease interest in the property, having developed the existing shopping center and Lowe’s Home Improvement Center on the site. With the purchase, Cypress is in the process of making several upgrades to the existing center as well as planning for the second phase of development.

  • Stage Stores enters $350 million credit facility

    Houston - Stage Stores Inc. has entered into an amended and restated $350 million senior secured revolving credit facility that will mature on Oct. 6, 2019. The credit facility replaces the company’s former $250 million senior secured revolving credit facility, which was set to mature on June 30, 2016.

X
This ad will auto-close in 10 seconds