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Development/Redevelopment

  • Duluth Trading expanding its store base

    Brand awareness and sales growth are accelerating at Duluth Holdings where the company’s rapidly expanding store base is so young it won’t be able to report same-store sale growth until 2017.

    Belleville, Wisconsin-based Duluth Holdings, known to customers as Duluth Trading Company, grew sales 27.5% to $140.4 million and net income increased 25.8% to $17.5 million, or 58 cents a share, during the quarter ended Jan. 31. For the full year, total sales rose 31.2% to $304 billion. Net income grew 16.1% to $27.4 million, or $1.06 a share.

  • Ethan Allen debuts new ‘Design Center’ store concept

    Design is at the center of Ethan Allen’s new retail format at Garden City Center, Cranston, Rhode Island.

    The 6,000-sq.-ft. store, features an innovative display concept that showcases the company’s new interactive design service.

    The open floor plan has design stations and six large touch-screens that invite customers to work directly on projects with the company’s design professionals in a space outfitted with the latest technology.

  • CBL completes two dispositions for $151.5 million

    Chattanooga, Tenn. -- CBL & Associates Properties announced that it has completed $151.5 million ($86.9 million at CBL's share) in dispositions in two separate transactions.

    CBL and its 50/50 joint venture partner sold the Renaissance Center, a 363,000 sq. ft., community shopping center located in Durham, North Carolina.

  • Hunter, Tokyo

    Hunter, the British brand best known for its signature boot, has landed in Japan with style, opening a 3,100-sq.-ft. flagship that targets fashion-focused customers.

    Designed by Checkland Kindleysides in collaboration with Hunter creative director Alasdhair Willis, the two-level store features the distinctive DNA of the brand’s London flagship, which offers a modern spin on the British countryside, but in a less literal sense,

  • InvenTrust Properties acquires power center in Durham, North Carolina

    Durham, North Carolina -- InvenTrust Properties announced that it has acquired Renaissance Center, a 96% leased, 363,176 sq. ft. retail power center, in Durham, North Carolina, for $129.2 million.

  • Founder of American Apparel plans new venture

    Dov Charney, the founder and ousted CEO of American Apparel, is scouting sites for a factory in South Central Los Angeles as he plots his comeback, Bloomberg reported.

    Charney’s new venture reportedly will sell USA-made basics, starting off as a wholesale business and then expanding into a consumer online brand.

    “I have a vision,” Charney told Bloomberg. “My business model works.”

  • Discount grocer on fast-track

    Aldi is expanding its fledgling footprint in Southern California.

    On Thursday, April 21, the grocer will open six stores in Los Angeles County, three in Orange County and one store in San Bernardino County.

    The April openings are part of Aldi’s plan to open approximately 45 stores in Southern California by the end of 2016, eight of which opened last month.

    Currently, Aldi operates nearly 1,500 U.S. stores in 33 states.

  • Petco on track with store expansion

    Specialty retailer Petco will open seven new stores in April as part of its 2016 growth plan, which includes 20 new store openings year-to-date.

    In addition to the seven new locations, the retailer is also expanding one location to accommodate growth in Swampscott, Massachusetts, and remodeling seven stores in San Antonio.

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