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Strategy

  • Clarion Partners awards JLL leasing, management of Coral Sky Plaza

    Royal Palm Beach, Fla. -- Jones Lang LaSalle Retail announced that the firm has been retained by Clarion Partners as the exclusive leasing and management agent for Coral Sky Plaza in Royal Palm Beach, Fla.

    The 233,000-sq.-ft. strip center is anchored by BJ’s Wholesale Club and is currently 97% leased.

    Coral Sky Plaza is tenanted by Ross Dress for Less, Bed Bath & Beyond, Buy Buy Baby and BJ’s Wholesale Club. Jones Lang LaSalle said it is currently seeking high-impact retailers to fill a vacant endcap space.

     

  • RKF arranges leases across Manhattan for Pret A Manger

    New York -- RKF announced that it has arranged four long-term leases for U.K.-based sandwich chain Pret A Manger.

    The new stores are located at 655 Sixth Avenue, 319 Broadway, 350 Park Avenue and 303 Park Avenue South. With the addition of these new stores, Pret A Manger will have 36 Manhattan locations.

    While the 655 Sixth Avenue location recently opened, the other three locations are slated to open in April.

     

  • Publix posts same-store sales increase of 2.2% for fiscal 2012

    LAKELAND, Fla. — Publix on Friday recorded fiscal 2012 sales of $27.5 billion, up 1.9%. However, 2012 year-end sales included a 52-week period, versus 2011 year-end sales that were tracked over a 53-week period. Excluding that extra week, sales for 2012 would have been up by 3.8%. Same-store sales were up 2.2% for the year. 

  • Limited Brands puts Pink expansion into high gear

    New York -- Limited Brands is putting the expansion of its teen-favorite Pink division into high gear.

    On the chain’s quarterly conference call, company representatives said Pink will more than double its store count this year, growing from 34 stores to 83 stores by yearend.

     

  • Marketing firm strengthens senior management team

    BOCA RATON, Fla. — DubLi, a global marketing company that provides consumers around the world with a variety of innovative, online shopping and entertainment opportunities, announced that it has strengthened its senior management team with the appointments of Eric Nelson to CFO, Ricardo Daglio to chief technology officer and Thomas Sikora to chief product officer.

  • Best Buy tops Street as Q4 loss narrows; buyout talks with founder Schulze end

    Minneapolis -- Best Buy Co. said that its loss narrowed in the fourth quarter, helped by improved U.S. sales. In a separate release, the company said that the deadline passed without it having received an acquisition offer from its co-founder, Richard Schulze, who had been considering making a bid for the chain.

    “The company received no such offer and will continue to focus on its transformation for the benefit of all of its stakeholders,” Best Buy said in a statement.

  • Braintree honored for payment innovation

    BOSTON — Braintree has been named as a finalist for a 2013 Innovator Award in the category of Most Disruptive by PYMNTS.com.

  • Lane Bryant opens NYC flagship

    New York -- Lane Bryant announced the opening of its new 7,835-sq.-ft. flagship in New York City.

    Located near Herald Square, the store has a feminine, contemporary look and features such amenities as fitting rooms with lighting that can be adjusted to office, daylight and evening settings. New imagery and design is prominent throughout the store, plus fixtures that allow for high-impact merchandise displays.

    Lane Bryant, a wholly owned subsidiary of Ascena Retail Group, operates 805 stores.

     

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