Development/Redevelopment

Cape Town, South Africa -- A Tuesday report by Bloomberg said that Shoprite Holdings Ltd. has announced plans to speed up its store expansion this year as it faces increased competition from Wal-Mart Stores.

South Africa’s largest retailer by market value, Shoprite said it will add 106 stores by June 2012. That compares with 96 openings in the same period last year. The company currently operates 1,246 stores.

Canton, Mass. -- Casual Male Retail Group continues to roll out its DestinationXL format, with the opening of its eighth store, in Fairless Hills, Pa.

DXL is an all-inclusive destination that encompasses Casual Male’s four existing apparel businesses, Casual Male XL, Rochester Big & Tall, Shoes XL and B&T Direct.

The company plans to open up to 13 DXL stores during the balance of 2011, another 20-30 stores during 2012 and approximately 100 stores over a four to five year period.

It’s always satisfying to look back and enjoy your professional successes. While I see nothing wrong with patting yourself on the back and basking in well-earned personal kudos, I have found that, from time to time, we must also remember where we’ve fallen short. Thinking about past mistakes certainly keeps me humble. More importantly, I’m almost always able to learn something from my missteps. After all, the more insight and information I can gather about why I was wrong about something, the more accurate I will be in the future.

Davis, Calif. -- Regency Centers, a national owner, operator and developer of grocery-anchored and community shopping centers, closed on the acquisition of Oak Shade Town Center, a 103,762-sq.-ft. neighborhood shopping center anchored by Safeway, Rite Aid and OfficeMax in Davis, Calif. The center is located within a mile of the University of California, Davis.

The property was purchased on August 18 for $35 million from the center’s original owner. 

 

Deerfield, Ill. -- Walgreens on Monday celebrates the re-opening of two Joplin, Mo., stores just 90 days after one was severely damaged and the other demolished by a tornado that swept through the city on May 22. The drug stores are the first major retailers in the area to re-open since the storm.

The store at Range Line Road and 20th Street was completely rebuilt from the foundation up at a pace faster than any other store in the company’s 110-year history.

Indianapolis -- Electronics and appliances retailer Hhgregg said Friday it will open 14 new stores in the Chicago area on Sept. 15.

Chicago is a new market for Hhgregg, and with the opening of 14 new stores, it will become the company’s largest market.