Development/Redevelopment

The West Coast is getting its first taste of Uniqlo. The Japanese apparel powerhouse has opened a tech-inspired pop-up store, on Post Street in San Francisco. The temporary store will remain open until the end of September, prior to the opening of the company’s Union Square flagship.

It may be the right thing to do long-term, but Walmart’s plans to slow growth in China, Mexico and Brazil didn’t sit well with investors this week.

The revelation that Walmart would add between 21 and 23 million square feet of space versus the previously planned addition of 30 to 33 million square feet will result in Walmart International spending between $4.6 billion and $5 billion compared to a previously budgeted amount of $5 billion to $5.5 billion.

Birmingham, Ala. -- Hibbett Sports reported Friday that net income for the quarter ended July 28 surged 32.9% to $7.9 million from $5.9 million in the comparable-year period.

The retailer reported a net sales increase of 8% to $165.4 million compared with $153.1 million for the same period last year. Same-store sales increased 4.8%.

The company increased its earnings guidance for fiscal 2013 and said it is on track to open 55 to 60 new stores, expand approximately 15 high performing stores and close up to 18 underperforming stores.

New York -- Ann Inc. reported Friday that profit for the second quarter rose 24% to $30.7 million, compared with $24.8 million in the year-ago period.

Same-store sales companywide increase 4.7%; by brand, Ann Taylor store comps increased 3.2% and Loft comps rose 4.1%.

The company raised its outlook for the full year of fiscal 2012, and also said that it is on track to open approximately 65 new stores this year, partially offset by the impact of downsizes at Ann Taylor stores and approximately 30 store closures. 
 

Canton, Mass. -- Casual Male Retail Group said Friday that second-quarter profit dropped to $1.2 million, from $6.6 million in the year-ago period. Total sales were flat at $100.5 million, and same-store sales edged up 2%.

However, continuing strength from the DestinationXL stores vs. the Casual Male XL locations is prompting the company to focus on growing the former.

Wayne, N.J. – Toys “R” Us opened its first stores in Beijing last weekend, marking its continued expansion across China.

WAYNE, N.J. — Toys“R”U opened its first stores in Beijing this weekend, marking its continued expansion across China. 

GLENWILLOW, Ohio — Fashion retailer Dots has named former Walmart SVP, Lisa Rhodes as its new CEO.

Rhodes, who led Walmart's U.S. apparel merchandising division, has been charged with leading Dots’ march toward 1,000 stores.

Prior to her role at Walmart, Rhodes was EVP and chief merchandising officer for Maurice’s.

New York – A report by Women’s Wear Daily said that shapewear brand Spanx will launch a retail presence, with four store openings in the coming months.

Expanding its online and department-store presence, Spanx will open three standalone branded stores in October, according to WWD, located in Tysons Corner Center in McLean, Va.; Garden State Plaza in Paramus, N.J.; and King of Prussia Mall in Philadelphia.  A fourth store is slated to open at Atlanta’s Hartsfield-Jackson airport.

Thousand Oaks, Calif. -- NewMark Merrill Cos. said that Sweet Tooth Dental Center and Dish Restaurant will open at Janss Marketplace, in Thousand Oaks, Calif., bringing the center to 97% occupancy.

Dish Restaurant signed a 10-year lease for a 6,548-sq.-ft. space near Aaron Bros. and RadioShack. The new restaurant at Janss Marketplace, which is the second location for Dish, is slated to open in mid-Sept.

Sweet Tooth Dental Center signed a five-year lease and has opened in a 2,613-sq.-ft. space near Dressbarn and Payless Shoe Source.