Development/Redevelopment

Seattle - REI will open a third distribution center, located in Goodyear, Arizona. The specialty outdoor retailers seeks to better support its stores and customers through faster product replenishment and delivery.

New York – Specialty eyewear Warby Parker has reportedly received $100 million in financing the company plans to use to build new brick-and-mortar stores. According to the Wall Street Journal, the round of financing, led by T. Rowe Price, values Warby Parker at $1.2 billion.

Tuesday Morning Corp. completed its turnaround initiative in the third quarter, closing 21 stores and narrowing its loss to $2.8 million.

The company also said that Melissa Phillips has been promoted to president and chief operating officer from executive vice president and general merchandise manager.

RETAIL NOTES: Kleinfeld Hudson’s Bay, a glamorous bridal shop on the top floor of the Hudson’s Bay’s flagship and headquarters building in Toronto, took the big prize — Store of the Year — in the Association for Retail Environments 2015 Design Awards. The annual awards recognize the best in retail design, store fixtures and visual presentation. Designed in house by HBC Store Planning, the 14,000-sq.-ft.

A look at brands and categories that are growing

I read CSA editor-in-chief Marianne Wilson’s recent “From the Editor’s Desk” column (page 8, March 2015 issue, Chain Store Age) with great interest. Her piece — “The store is back (even though it never left)” — touched on the topic of brick-and-mortar retail expansion and “the relevance of offline retail in an omnichannel world.”

The article got me thinking in more detail about the retail expansion we are seeing in 2015. What brands are growing?

Industry insiders are the best trend-watchers. Here’s what the experts are seeing.

“There is more selectivity in the site selection process. There is a trend toward downsizing, and more non-retail tenants are taking interest. There is also a growing divide between A-plus real estate and everything else in the market. Everyone wants the best properties.” — Mark Dufton, CEO of DJM Real Estate, a Gordon Brothers Group company

“Retailers are thinking about a smaller footprint, but in most cases not significantly smaller.

Restaurants and retail have fertile expansion ground in certain markets

While it’s true that technology, brick-and-mortar changes, and evolving consumer behavior are causing foundational shifts in the retail industry, a closer look at different U.S.

When the International Council of Shopping Centers opens the doors of the Las Vegas Convention Center on May 17 to retailers and shopping center attendees from around the globe, it will unveil a lineup of newly built, underway and redeveloped properties ripe for deal-making.

Leasing interest at RECon 2015 is expected to be high, this despite naysayers who have predicted the demise of the shopping mall. Not likely, say those in the know.

Downtown LA’s South Park will emerge as a new retail district

It’s rare enough for any developer — or group of developers and brokers — to plan an entirely new retail district almost literally from the ground up. It’s utterly unique to do so in one of the largest cities in the world.

Yet, that’s exactly what’s happening in Downtown Los Angeles’ South Park neighborhood.

The largest economic development project in Bridgeport, Connecticut, since the Industrial Revolution

Steelpointe Harbor in Bridgeport, Connecticut, is that city’s largest economic development project since the Industrial Revolution. Don’t believe it?