Texans love their football so what better way to drive traffic at the opening of a new Sam’s Club in Austin than enlisting some of the game’s biggest legends and rising stars.
Sam’s opened a new club in Austin on April 16 and to turn up the heat in a market accustomed to warehouse club shopping the retailer drafted notable players to appeal to fans of every generation.
New York - BFC Partners has broken ground on Empire Outlets, a 340,000-sq.-ft. retail complex that will create more than 1,800 jobs and bring $285 million in private investment to the New York City borough of Staten Island.
A record number of openings in 2014 pushed 99 Cents Only close to the 400 unit mark, but the rapid pace of expansion did not translate to profitability during what the company called a transformative year.
Canton, Mass. – Dunkin’ Donuts has signed a multi-unit store development agreement with new franchise group Legacy Concepts LLC to develop 10 new restaurants in Minneapolis and the surrounding areas of Bloomington, Edina, Eden Prairie and the communities west of the metro area. The first restaurant is planned to open by the end of 2015.
Smart & Final’s largest shareholder has further reduced its ownership stake in the profitable and growing company by 10 million shares, but still maintains majority control as the retailer pursues ambitious plans in 2015.
City of Commerce, Calif. – 99 Cents Only Stores Inc. shrank its net loss to $2.3 million in the fourth quarter of fiscal 2015, compared to net loss of $14.7 million for the fourth quarter of fiscal 2014. Net loss decreased primarily due to a previously disclosed workers' compensation charge in the previous fourth quarter.
Net sales slightly rose 1% to $512.6 million from $505.7 million. Same-store sales climbed 2.8%.
Philadelphia -- Pennsylvania Real Estate Investment Trust and The Macerich Company announced that they have reached a tentative agreement with the City of Philadelphia on a redevelopment and re-branding of the Gallery shopping mall and transit center in the heart of Center City.
