Development/Redevelopment

City of Commerce, Calif. – 99 Cents Only Stores is opening nine new stores in California between April 9 and April 11. The stores will be located in the communities of San Luis Obispo, Ontario, Sonora, Santee, Escondido, Tustin, San Bernardino, Cypress and South El Monte.

99 Cents Only currently operates 384 stores located in California, Texas, Arizona & Nevada.
 

Seattle – Nordstrom Inc. plans to open two new Nordstrom Rack stores in Pittsburgh and Novi, Michigan. The 40,000-sq.-ft. Pittsburgh store is scheduled to open in fall 2016 at The Block Northway mall.

Atlanta - Sales for first quarter 2015 at Havertys Inc. increased 5% to $191.3 million, compared to $181.7 million for first quarter 2014. Same-store sales rose 3.8%.

Havertys plans to open three new stores in 2015, including a store in Rogers, Arkansas that will open this week and a showroom in Waco, Texas slated to open in mid-May. This expansion into two new markets for Havertys will occur as Havertys strengthens its position in southeast Florida, with a new store in Fort Lauderdale slated for July,

Rockaway, N.J. – Party City is joining the initial public offering (IPO) party. The retailer has filed paperwork for an IPO that could raise as much as $428 million and value the company up to $2 billion.

One of the main reasons Party City wants to take its celebration public is to support planned growth of 350 new North American stores. The retailer currently operates 900 Party City stores, as well as the Halloween City, Factory Card & Party Outlet and Party Packagers chains.

Phoenix – Leslie’s Poolmart Inc. will open 15 new retail locations throughout the U.S. on Thursday, April 9. Cities with new stores will include Auburn, Bakersfield, Ceres, Palmdale; San Mateo and San Rafael, California; Rockledge, St. Augustine and Tallahassee, Florida; Gainesville, Georgia; Glenpool, Oklahoma; Hattiesburg, Mississippi; Hudson Oaks, Texas; Queen Creek, Arizona and Monroe, Louisiana.

Leslie’s Poolmart Inc. plans to make a splash in select cities this month as it opens 15 new retail locations throughout the United States on April 9.

During the store grand openings between April 9 and April 13, customers will receive 20% off most everything in the store. Each store's grand opening will also be celebrated with a ribbon cutting and other events.

99 Cents Only Stores is accelerating its expansion plan with several new stores planned for 2015.

The retailer just opened nearly 10 new stores this week in California, and plans to open more later this year.

The company says it will celebrate its store openings this week in California by selling flat screen LCD TVs for only 99 cents to the first nine customers in line on Grand Opening Day. The next 99 customers in line on opening day may purchase an iron for only 99 cents. Other 99 cent deals will follow for additional customers.

Tokyo – The Cool Japan Fund, a fund mostly supported by Japanese taxpayers and linked to Japan’s government, will reportedly invest $2.18 million in a chain of U.S. green tea cafes. According to Reuters, the Cool Japan Fund will take a 49.9% stake in Green Tea World USA Inc.

Green Tea World plans to open its first tea café in California later in 2015. The company intends to open 50 stores in California cities including Los Angeles, San Francisco and San Jose in the next decade. Beverages will sell for $3 to $4 each.

New York -- Watch out Teavana, Canada’s David’s Tea Inc. is looking to boost its U.S. presence. The Quebec-based chain has filed a registration with the U.S. Securities and Exchange Commission for an IPO in which it looks to raise a maximum of $75 million. The company plans to list on the Nasdaq with the ticker symbol "DTEA.”

New York -- Legendary Manhattan off-price retailer Century 21 will open its first store outside its Northeast home base, at Sawgrass Mills, Sunrise, Florida. The 85,000-sq.-ft. store is set to open in the fall of 2016.