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Strategy

  • Liz Claiborne swings to Q4 profit on sale of brands, but revenue down

    New York City -- Liz Claiborne Inc. swung to a fourth-quarter profit, buoyed by gains from sales of certain brands and trademarks, including the sale of its namesake brand to J.C. Penney. But the company's total revenue came in well below expectations, hurt by the faltering performance of its Juicy Couture division.

  • Gordman’s expanding into Utah

    New York City -- Gordman's will open its first stores in Utah, in March, according to The Salt Lake Tribune.

    The value-priced department store operator will open a store in Farmington’s Station Park shopping center on March 23, and also one in The District shopping center in South Jordan, the report said. A third store is set to open, in Riverdale, in July.

    “The Salt Lake MSA [metropolitan statistical area between Ogden and Provo] we see as a significant opportunity for us,” CEO Jeff Gordman said, in the report.

  • Casual Male DestinationXL format to make Middle East debut

    Canton, Mass. -- Casual Male Retail Group announced that its first DestinationXL store in the Middle East will open this spring in Symphony Mall, Kuwait City, Kuwait, under a franchise agreement between one of its subsidiaries and The Standard Arabian Business & Enterprises Company (SABECO).

  • Regency Centers to launch construction of East Washington Place

    Petaluma, Calif. -- Jacksonville, Fla.-based Regency Centers said it will begin construction of East Washington Place, a 378,000-sq.-ft. community center anchored by Target.

    Located in Petaluma, Calif., the new development is strategically located at the intersection of two main arterial roads, East Washington Street and Highway 101, with daily traffic counts in excess of 92,000. Regency Centers will invest approximately $61 million into the project, which will create approximately 380 construction jobs and 720 permanent jobs.

  • Casto names property manager

    Columbus, Ohio -- Casto announced that Bruce Engelhardt has joined the firm’s property management team where his primary focus will be on a retail portfolio totaling 1.8 million sq. ft. of shop space.

    Most recently, Engelhardt was the group manager of the Open-Air Division at Jones Lang LaSalle.

  • Marcus & Millichap announces promotion

    Philadelphia -- Marcus & Millichap Real Estate Investment Services said that it has promoted Mark E. Taylor to first VP investments.

    Most recently, Taylor held the title of VP investments. He specializes in the sale of retail shopping centers and net-leased property investment real estate.

  • Sabre Real Estate names senior associate

    Garden City, N.Y. -- Sabre Real Estate Group said that Douglas Bomzer has joined the firm as a senior associate.

    Previously with Breslin Realty, where he specialized in retail tenant representation, Bomzer earlier was a residential real estate broker in the Franklin Square office of Prudential Douglas Elliman. His clients include Dots, Ulta, Maggiano’s, Chili’s, Pet Supplies Plus and Bolton’s.

  • Burlington Coat Factory to open at Woodbridge Crossing

    Woodbridge, N.J. -- SRS Real Estate Partners said that Burlington Coat Factory has leased 78,303 sq. ft. at Woodbridge Crossing Shopping Center in Woodbridge, N.J.

    Burlington Coat Factory, scheduled to open later this year, will be occupying the former The Great Indoors, which closed several years ago.

  • SRS Real Estate announces new hire

    Dallas -- SRS Real Estate Partners said that Glori Rodriguez has been named a senior marketing coordinator in the South Florida office.

    Rodriguez will be responsible for executing the national and local marketing strategies for the South Florida office including broker transaction support, identity building, and lead generation initiatives.

    Prior to SRS, she was a business development coordinator at Bureau Veritas N.A.

  • Gap enters Central America

    San Francisco -- Gap Inc. is expanding its footprint in Latin America. Leveraging its franchise model, the company has opened its first stores in Panamá and plans to introduce its brands to three additional Latin American countries: Colombia, Uruguay, and Peru.

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