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Development/Redevelopment

  • American Girl to reinvent its store experience

    American Girl, an early pioneer of experiential retailing, is set to shake things up again, this time with a digital twist. The company, a division of Mattel, will move its Manhattan flagship from Fifth Avenue to Rockefeller Center, where it will open a totally revamped store concept, reported Racked New York. Created by FRCH Design Worldwide and digital agency MJD Interactive, the store will emphasize customization and personalization.

  • Retailer installing Tennessee’s largest solar array

    Ikea is going big in Memphis. The home furnishings giant plans to install the largest rooftop solar array in the state of Tennessee at its new store in Memphis. The 271,000-sq.-ft. Memphis Ikea is scheduled to open in late fall 2016, and panel installation for the solar energy system will begin this summer.

  • In the Mix(ed Use) at RECon

    ICSC’s annual RECon convention has long been a rite of spring for many real estate professionals. For three decades, RECon has brought dealmakers and decision-makers to Las Vegas, and today the event regularly attracts more than 30,000 attendees.

  • Dollar General keeps expanding its distribution network

    Dollar General Corp. has announced plans to build what will be its 15th fqcility in the discounter’s growing distribution network. The discounter has purchased land in Jackson, Georgia to serve as the location for the new distribution center it plans to construct in the central part of the state.

  • Discounter enters Florida; on track for 28 -32 stores in 2016

    Ollie’s Bargain Outlet Holdings has entered the Sunshine State, opening a store in Orlando, Florida. The new location represents the extreme discounter’s 208th store and 18th state of operation. In keeping with the company’s strategy of expanding into contiguous states and new markets, Ollie’s plans to open a total of six to nine stores in the state of Florida this year and 28-32 new stores overall across the eastern half of the United States in 2016.

  • David’s Bridal enters into its first franchise agreement

    David’s Bridal is expanding south of the border.

    The bridal and special occasion retailer is partnering with Diltex, a leading manufacturer and retailer of intimate apparel in Mexico, to open its first franchise location, in Mexico City.

    The store is expected to open by the end of 2016 with additional franchise locations planned to open over the next five years across the country.

  • Another retailer to explore strategic alternatives

    Build-A-Bear Workshop on Tuesday said it has hired financial and legal advisers to help it explore strategic alternatives. The news came the day after General Nutrition Corp. (GNC) said it was doing the same.

  • Retailers making Miracle Mile moves

    There is a lot of tenant activity going on at the Miracle Miles Shops in Las Vegas with several notable retailers expanding, renovating and growing new concepts.

  • Saks opens 100th Off 5th location; affirms urban strategy

    The opening of the newest Saks Fifth Avenue Off 5th location near downtown Chicago is a big deal literally and figuratively.

    The newest Off 5th is located in the NEWCITY development at Lincoln Park on the northern fringe of downtown Chicago at 1457 Halsted Street at the intersection of North Clybourn Avenue. The store is the company’s 100th Off 5th location in North American, its seventh in Illinois and the second in downtown Chicago following the April 14 opening of the first location as 6 S. State Street.

  • Perfumania continues slide in Q4; eyes store closures

    After a difficult third quarter of fiscal 2016, Perfumania Holdings Inc. continued experiencing problems in the year’s fourth quarter.

    The specialty chain is considering closing an unspecified number of underperforming stores after reporting net income of $2.26 million, down 59% from $5.5 million a year earlier. Lower gross profit and operating income helped slash profit.

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