Deals

Melville, N.Y. -- A&G Realty Partners said Tuesday it has been retained by Charming Shoppes to exclusively manage the resolution of all remaining Fashion Bug real estate leases in the United States.

On June 14, Ascena Retail Group acquired Charming Shoppes and announced plans to cease operating and close down the Fashion Bug arm by early 2013.

"We're pleased to be working with A&G Realty Partners to wind down our remaining Fashion Bug store leases,” said Jonathon Graub, executive VP real estate, Charming Shoppes.

Specialty retailer Five Below doubled in size the past three years and now the company has secured a new distribution center to help it replicate that accomplishment going forward.

The new 600,000-sq.-ft. facility in the northern Mississippi community of Olive Branch will become operational in 2013 and will complement the company’s existing distribution facility in Newark, De. Five Below is focused on teen and pre-teen customers and derives its name from a merchandise mix price at $5 or less.

Dallas -- Corner Bakery Café has signed a franchise agreement to open its first restaurants in New York’s Nassau County beginning in 2013. Earlier this year, Corner Bakery Cafe announced similar expansion plans in the Northeast, including Northern New Jersey, Connecticut and Rhode Island.
 
Four M Bakery, LLC, a group of veteran restaurant operators, which also owns 12 Buffalo Wild Wings through Four M Capital, LLC, has plans to open seven Corner Bakery Cafes in Nassau County.
 

New York -- GA Keen Realty Advisors, LLC of New York, a division of Great American Group has begun marketing leases for 150 Bakers and Wild Pair shoe store locations across the country.

Dallas -- 7-Eleven announced that it has completed the purchase of 12 stores from Fast Track  in Central North Carolina, including Winston-Salem. Terms of the agreement are not disclosed.

Remodeling of the units to transform them into 7-Eleven stores gets underway in late November and rebranding is expected to be complete by mid-February 2013.

Austin, Texas -- Whole Foods Market Inc. said Wednesday that its fiscal fourth-quarter profit increased nearly 50% on strong sales. The grocer’s company's net income rose to $112.7 million for the period ended Sept. 30, up from $75.5 million a year ago.

Revenue rose nearly 24% to $2.91 billion, with an extra week in the most recent quarter. Same-store sales were up nearly 9%.

New York -- Dick's Sporting Goods Inc. opened three stores, including one relocated store, on Nov. 7. Of the two new stores, one was located at Stoneridge Village, Jefferson City, Mo.; and the other at Spokane Valley Mall, Spokane, Wash. The retailer relocated its N. Springboro Pike store to Dayton Mall, Dayton, Ohio.

In October, Dick’s celebrated the opening of 17 stores throughout the United States.

New York -- Tiffany & Co. announced that it plans to open a flagship in Paris.

The approximately 10,000-sq.-ft. multi-level store will be located at 62 Avenue des Champs Elysées and is expected to open in 2014.

Dallas -- 7-Eleven announced that it has acquired the retail and wholesale dealer assets of San Antonio-based Tetco, closing a deal that was announced Aug. 14.

The assets include 163 company-operated convenience stores in Utah and the Dallas-Fort Worth, Austin and San Antonio areas of Texas.

Terms of the deal were not disclosed.

The acquisition signals a return to San Antonio for 7-Eleven, where the company had operated stores until 1989.

Seattle -- Nordstrom said it plans to open a Nordstrom Rack in Birmingham, Ala. This will be the retailer's first location in the state.

The approximately 35,000-sq. ft. store is scheduled to open in spring 2013 at River Ridge Shopping Center. The center is owned and operated by DDR Corp.