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Development/Redevelopment

  • City Sports to open 21st store, in Vermont

    Boston -- City Sports will open its 21st store, in Burlington, Vt., on May 6.

    The eco-conscious space—built utilizing reclaimed materials from previous stores—was designed to capture the spirit of the community. The existing ceiling was kept, and all lighting fixtures were replaced with energy-efficient bulbs.

  • Body Central profit rises in Q1, on track to open 35 stores in 2012

    Jacksonville, Fla. -- Body Central Corp. reported Thursday that net income for the first quarter rose to $5.9 million, from $5.4 million in the same period last year. Sales increased 11.8% to $82.7 million, and same-store sales dipped 1.4%.

    The retailer, which operates 243 stores, said it is on track to open at least 35 stores in 2012.
     

  • Harris Teeter profit edges up in Q2, four stores and 10 remodels on tap

    Charlotte, N.C. -- Harris Teeter Supermarkets reported Thursday that net income for the quarter ended April 1 edged up to $30.3 million, from $29.9 million in the year-ago period.

    Sales climbed 6.7% in the period, to $1.12 billion from $1.05 billion. Same-store sales increased 3.9%.

  • Bebe narrows loss in Q3

    Brisbane, Calif. -- Women’s apparel retailer Bebe stores reported Thursday that it narrowed its loss for the quarter ended March 31 to $200,000, compared with a $2.6 million loss in the year-earlier period.

    Sales climbed 10.5% to $121 million, from $109.5 million. Same-store sales rose 7.2%.

    For the remainder of fiscal year 2012, the retailer said it expects to open three 2b stores and close two Bebe stores.
     

  • Whole Food Q2 profit surges 31%; on track to open 24 to 27 stores

    Austin, Texas -- In what it called the best quarter in its 32-year history, Whole Foods Market’s second-quarter profit jumped nearly 31% on stronger sales. The company raised its full-year outlook on the results.

    “Our exceptional results in the first half of the year have given us the confidence to significantly raise our guidance for the full year. We are confident that our sales momentum and operating disciplines will create continued positive results for our shareholders," Walter Robb, co-CEO said in a statement.

  • What Target’s annual meeting venue says about CityTarget future

    Target’s annual shareholders’ meeting will be held June 9 in downtown Chicago at the location of a soon-to-open CityTarget store on State Street. The venue is an interesting choice that speaks volumes about the potential for the new urban format.

  • Target to open CityTarget format at Beverly Connection in Los Angeles

    Minneapolis -- Target said it will open its new smaller format concept, CityTarget, at the Beverly Connection in Los Angeles, in March 2013. The 99,000-sq.-ft. will be located on the second floor of the shopping complex, at the corner of La Cienega and Beverly Boulevard.

  • CBL and Horizon Group break ground on The Outlet Shoppes at Atlanta

    Chattanooga, Tenn. -- CBL & Associates Properties and Horizon Group Properties announced that construction will begin immediately on a new outlet center in Woodstock, Ga. The 370,600-sq.-ft. initial phase of the center, to be named The Outlet Shoppes at Atlanta, is scheduled to open in August 2013.

  • Joe's Crab Shack to open at Hunt Valley Towne Centre

    Bethesda, Md. -- Sax Realty said that Joe’s Crab Shack will open in the Hunt Valley Towne Centre, north of Interstate 695, in Bethesda, Md.

    The center is anchored by Wegman's, Burlington Coat Factory, Dick's Sporting Goods, Best Buy, DSW and Regal Theatres. This will be the fourth new Joe's to open in Maryland, joining restaurants in Greenbelt, Bel Air and Arundel Mills which opens summer 2012.

  • Kroger breaks ground at Griffin Pavilion

    Griffin, Ga. -- The Kroger Co. and Collins & Arnold said they have broken ground on Phase II of Griffin Pavilion, a retail development located in Griffin, Ga., and developed by The Sofran Group.

    The final phase of the project will consist of a 94,000-sq.-ft. Kroger with an 18- pump Fuel Center.  The grocery store site will include 20,000 sq. ft. for future expansion.

    Phase I of Griffin Pavilion was completed in 2004 and includes a Lowes Home Center, O'Reilly Auto Parts and Wells Fargo bank.

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