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Development/Redevelopment

  • Legendary outdoor gear retailer to open first urban store

    L.L. Bean is going to set up camp in Boston.   The Freeport, Maine-based retailer will open its first permanent, full-line store in an urban location in spring 2018, in the Seaport District of Boston. The store will feature active and casual apparel, outerwear, and footwear, as well as outdoor lifestyle gear curated for residents and visitors of Boston. At 8,600 sq. ft., the Boston outpost will be significantly smaller than Bean’s traditional retail footprint.  

  • Anchors wanted for two South Carolina centers

    Southeastern Grocers’ announcement it would close six Bi-Lo stores in South Carolina leaves two Wheeler centers anchors, and the REIT has put out a call out for replacements.   CEO Jon S. Wheeler said his company would entertain a grocer or non-grocer to fill the vacancies at Cypress Shopping Center in Boiling Springs and Shoppes at Myrtle Park in Bluffton. Bi-Lo will shut down operations at the 47,260-sq.-ft. Cypress store and the 37,900-sq.-ft. Myrtle Park store in June.  

  • CBL sells two Tennessee malls, culminates portfolio initiative

    CBL continued to reduce its credit position with the disposition of mall assets this week and announced the dawning of a new day for the company.   The mall owner and developer closed on the sale of two Tennessee properties for a total of $53.5 million — Foothills Mall in Maryville and College Square in Morristown. Proceeds of the sales, CBL reported, were used to reduce outstanding balances on its lines of credit.  

  • Analysis: Turning around Macy’s not for the faint of heart

    The first set of results under Macy's new CEO, Jeff Gennette, are not good. Indeed, they are decidedly gloomy and represent a significant deterioration over recent quarters. That this worsening comes off the back of feeble prior year numbers - when comparables fell by 6.1% and net income by 40.4% - only adds to the sense that Macy's is on a slippery slope.  

  • Canada Goose winging its way to new locations

    Canadian outwear brand Canada Goose is continuing its expansion, both offline and online.      The company will open two flagship stores this fall, in London and Chicago. It also plans to expand its e-commerce channel to seven new markets including Germany, Sweden, Netherlands, Ireland, Belgium, Luxembourg and Austria.   

  • Young women’s apparel retailer to open Chicago flagship

    Canada’s Aritzia Inc. is expanding its Chicago footprint as it targets both brick-and-mortar and online expansion.    The fashion retailer will open a flagship on Rush Street in Chicago this fall. The Vancouver, British Columbia-based company already operates a store in the Windy City, at Water Tower Place.    

  • Breakout Retailer Awards

    Five dynamic retail and restaurant brands — Altar’d State, Bentley’s Pet Stuff, MOD Pizza, Sugarfina and Warby Parker — took home the honors as the winners of Chain Store Age’s annual Breakout Retailer Awards.

    The awards, selected by CSA’s editorial board and sponsored by Paint Folks, recognize innovative retail and restaurant concepts that are on their way up —brands that have crossed the “newbie” line, and are well positioned for growth, in store, online, or both.

  • CSA Talks With RPAI’s Nick Over

    How many American moms would love to see their sons grow up to become accountants or lawyers? Nick Over is both, but he decided to apply his skills and knowledge to the challenging world of real estate. After just two years at RPAI, the 36-year-old Over is steering the company into new avenues as its director of development. Chain Store Age spoke with him recently about his current pet project.

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