Burlington Stores to open 100 stores in 2021; cites ‘significant market share opportunity’Burlington Stores Inc. reported fourth-quarter sales and profit that beat Street estimates and said it was doubling its store count potential. Charming Charlie plots coast-to-coast store expansionA revived Charming Charlie is ramping up store expansion. Seattle and Salt Lake City thrived in 2020; Las Vegas and New Haven dived Only 11 metros in the United States equaled or surpassed their average retail sales growth rates from the previous five-year period. REI details plans for first satellite office REI Co-op’s first satellite office will be surrounded by trail networks and “sandwiched” between two parks. Sephora to open 60-plus freestanding U.S. stores in 2021 Sephora is embarking on the largest store expansion plan in its 21-year history in the United States. Macerich seeks help from investment bank for notes that come due in July With malls stymied by pandemic-related closures and bankrupted tenants, Macerich finds its cash flow limited and has hired the PJT Partners investment bank to help it deal with a $1.5 billion revolving credit facility that comes due in July. Pyramid to add residential developments at all its malls The pandemic’s historic super-charging of online shopping has forced nearly every owner-operator of enclosed malls to rethink their components. Gap Inc. investing $140 million to build Texas DC amid rising online sales Gap Inc. is investing in a new fulfillment center as it looks to double its digital sales during the next couple of years. National Harbor signs four new tenants The Gaylord convention center and hotel at National Harbor, located just outside of Washington, D.C., in Maryland, remains closed. Kimco and Brixmor are among the 10 Most Sustainable REITs Two prominent developers of outdoor shopping centers have made Barron’s annual list of the 10 Most Sustainable real estate investment trusts. First Previous 148 149 150 151 152 Next Last
