Development/Redevelopment

LOS ANGELES - The wait is over:  Nasty Gal, the teen-fave online player with a cult following, has opened its first retail store, on Melrose Avenue in the heart of Hollywood, California.   "We've been having a dialogue with our gal for eight years this month and to celebrate that, we're taking the conversation offline," said  Sophia Amoruso, CEO and founder of Nasty Gal, and author of the best-selling #GIRLBOSS book.   

Yonkers, New York - Forest City Ratner Companies, owner and developer of Westchester’s Ridge Hill in Yonkers, New York, announced that The Container Store will occupy 25,000 sq. ft. on Market Street across from The Whole Foods Market Yonkers.   

New Albany, Ohio - Abercrombie & Fitch Co. has entered into a franchise agreement with Grupo AXO to establish a retail store presence in Mexico. The franchise arrangement, the first in the company`s history, will encompass both the Abercrombie & Fitch and Hollister brands.  

Seattle - Colliers International released the highlights of its latest global retail report – examining 125 retail real estate markets in 50 countries – and found that luxury retail continues to show strong growth in the top global markets and prime cities in Asia.   

Jacksonville, Fla. – Increased selling, general and administrative (SG&A) expenses helped drive Stein Mart Inc. to a net loss of $1.2 million in the third quarter of fiscal 2014, compared to net income of $28,000 in the same quarter a year earlier. Despite this push into the red, Stein Mart plans to open open at least 10 new stores and relocate two stores in 2015, as well as close two stores.  

SIDNEY, Nebraska — Cabela’s Inc. is expanding into new markets, with plans to open a store in Gainesville, Virginia, and Ottawa, Ontario, Canada.
 

Mooresville, N.C. — Lowe’s Companies raised its full-year profit and sales forecast as strong home improvement spending boosted its profits and sales in the third quarter. An improving job market has led to increased homeowner spending on renovation projects, spurring Lowe’s strong performance. In addition, higher pretax earnings helped improve total net earnings.  

Brentwood, Tenn. - Tractor Supply Company plans to build a new distribution center in Casa Grande, Arizona. Located in the Central Arizona Commerce Park, the facility is expected to begin operating in the fourth quarter of 2015 and will be approximately 650,000-sq.-ft., with the potential to create more than 250 local jobs.
Tractor Supply Company's new distribution center will have the potential to service approximately 250 stores in the Southwest region. Currently, the company operates more than 1,360 stores in 49 states across the country.