Strategy

Stokas Realty merges with Bieri Co.
Detroit -- X Team, an international alliance of retail real estate advisors, has announced a partnership between Detroit X Team Partner Stokas Realty Advisors and Detroit-based Bieri Co., resulting in the formation of Stokas Bieri Real Estate.

SBRE specializes in site selection for retailers nationwide and offers additional services, including project leasing, disposition of excess properties, restructuring, market analysis and legal services.
Giant Food to anchor new mixed-use development in Washington, D.C.
Chevy Chase, Md. -- Steuart Investment Co. said that Giant Food has signed a lease to anchor a mixed-use project slated for development in Washington, D.C.

The project, called 360º H Street, is a nearly 290,000-sq.-ft., LEED-certified development and features street-level retail topped by 215 rental units. Torti Gallas and Partners, Inc. of Silver Spring is the architect.

J.C. Penney Q3 profit rises 63%

Plano, Texas -- J.C. Penney reported a better-than-expected increase in third-quarter profit Friday, crediting controlled costs and positive response to its newest exclusive brands, which include Liz Claiborne and MNG by Mango, and its Sephora in-store cosmetic boutiques.

The chain posted a profit of $44 million in the period ended Oct. 30, compared with $27 million a year ago. Total sales increased 0.2% to $4.19 billion, up from $4.18 billion in the third quarter last year. Same-store sales rose 1.9%.
New Balance factory store opens at Silver Sands Factory Stores

Miramar Beach, Fla. -- New Balance announced that it opened its first factory store in Northwest Florida at Silver Sands Factory Stores on Thursday.

The 4,825-sq.-ft. store offers New Balance shoes and apparel for women, men and children. New Balance Factory Store is located near Swarovski at the east part of the center.

“We chose Silver Sands because we wanted to open in a high-performing center that has a great portfolio of brands,” said Stephen Dix, general manager of retail operations for New Balance.
JCP forecast calls for Q4 comps of 3% to 4%
Mattress Giant names new EVP merchandising
Barnes & Noble testing in-store interactive play spaces

New York City -- A report released Thursday said that Barnes & Noble has launched a test of store-in-store toy boutiques at a few select locations, in order to boost sales and fill shelf space.

According to a report by Reuters, the retailer has opened five 3,000-sq.-ft. play areas over the last week, featuring educational toys and games.
J.C. Penney Q3 profit rises 63% on improved sales, lower costs
Dillard’s Q3 profit jumps on lower inventory and expense control
Dollar General to sponsor Kyle Busch truck at NASCAR Camping World Truck Series

Stokas Realty merges with Bieri Co.

Giant Food to anchor new mixed-use development in Washington, D.C.

J.C. Penney Q3 profit rises 63%

New Balance factory store opens at Silver Sands Factory Stores

JCP forecast calls for Q4 comps of 3% to 4%

Mattress Giant names new EVP merchandising

Barnes & Noble testing in-store interactive play spaces

J.C. Penney Q3 profit rises 63% on improved sales, lower costs

Dillard’s Q3 profit jumps on lower inventory and expense control

Dollar General to sponsor Kyle Busch truck at NASCAR Camping World Truck Series