Development/Redevelopment

Brooklyn, N.Y. -- Home furnishings retailer West Elm will open a store in El Paso, Texas, on Thursday, Oct. 16th.    Located in The Promenade of The Fountains at Farah, the more than 22,000 square foot store will feature a curated selection of products made in Texas, part of West Elm’s Local initiative.   

Salt Lake City – Overstock.com is building a new corporate campus, referred to as the "Peace Coliseum," which is anticipated to open during summer 2016. Overstock officials have said that from the ground level, the building will look like a corporate glass-and-concrete version of the Roman Coliseum, but from the air, the three-story building will appear as a peace sign.  

Seattle -- Nordstrom on Friday opened the doors to its first store in Northeast Florida, at St. Johns Town Center in Jacksonville. "We're thrilled to open our first full-line store at such an outstanding mall as St. Johns Town Center," said Brandy Jefferson, Nordstrom St. Johns Town Center store manager.   

Just in time for the holiday season, Amazon is going brick-and-mortar with its first-ever physical store, according to the Wall Street Journal.

The store, which will be located across from the Empire State Building in Midtown Manhattan, will serve as a mini-warehouse, with limited inventory for same-day delivery within New York City, product returns and exchanges and pickups of online orders, according to the report.
 

 

Overstock plans to break ground on its new corporate campus, which is called the "Peace Coliseum" and is scheduled to open summer 2016.

Overstock officials have said that from the ground level, the building will look like a corporate glass-and-concrete version of the Roman Coliseum, but from the air, the three-story building will appear as a peace sign.

The groundbreaking coincides with Overstock's 15th anniversary.

Big Lots is preparing for the grand opening celebration of its newest store at 9 a.m. Friday, October 17, and baseball great Mariano Rivera will be in attendance.

Rivera, who spent 17 seasons with the New York Yankees as a relief pitcher, will kick off the store opening with an autograph session from 10 a.m-noon.

"What better way to celebrate our new store in North Bergen than by welcoming New York Yankee great Mariano Rivera to join us on this special day," said CEO and president David Campisi.

Following September sales that were above its guidance, Cato Corporation is increasing its third-quarter guidance.

The company reported sales of $79.7 million for the five weeks ended Oct. 4, a 9% increase over sales of $72.9 million for the five weeks ended Oct. 5, 2013. Same-store sales for the five-week period increased 5% from the prior year.

Sales for the 35 weeks ended Oct. 4 were $669.5 million, up 7% from the same period last year. The company's year-to-date same-store sales increased 4% from the prior year.

New York -- Amazon plans to open its first-ever physical store, across from the Empire State Building in mid-town Manhattan, the Wall Street Journal reported. It's been rumored for years that the online giant was looking to open brick-and-mortar locations.