Development/Redevelopment

BIRMINGHAM, Ala. — Cold weather affected Hibbett Sports' first quarter results for the period ended May 4, but the sporting goods retailer still saw net sales of $240 million, a 3% increase from $233 million for the 13-week period ended April 28, 2012.

Comparable store sales increased 0.8% for the quarter.

For the quarter, Hibbett opened nine new stores, expanded five high performing stores and closed three underperforming stores, bringing the store base to 879 in 29 states.

NEW YORK — Foot Locker has posted the best quarterly profit results in its history for the first quarter ended May 4. The company's net income for the quarter was $138 million, a 10% increased from $128 million for the same period last year.  

The New York-based specialty athletic retailer's first quarter comparable store sales increased 5.2%.

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Indianapolis -- Simon Property Group announced that it plans to enhance and expand Woodbury Common Premium Outlets, in Central Valley, N.Y. The $170 million project will include architectural improvements to existing buildings and the development of new retail spaces and facilities, landscape improvements, and the integration of new customer amenities.

“One of the strange ironies of the 2013 convention is that — despite more bookings, a sold-out convention and more activity than we’ve seen in years — the convention doesn’t feel as busy as it has in years past. I suspect this is largely because three of the biggest names in the industry, Macerich, Simon, and Westfield, don’t have booths at the convention center this year. Make no mistake, they are still here in Vegas — they have just moved over to Caesar’s Palace.

Trademark Property Company has unveiled plans to build Waterside in its home base of Fort Worth, Texas; the 63-acre, master-planned, mixed-use development is slated to open the first phase in spring 2015.

Matthews, N.C. – Family Dollar presented its annual Strategic IT Partner of the Year award to Trade Area Systems at its IT Strategic Partner last month. In September 2012, Family Dollar implemented the Trade Area Systems TAS Unity solution to give real estate managers mobile access to a database of real estate photos, comments and other relevant data.

Atlanta – The Home Depot reported sales of $19.1 billion during first quarter fiscal 2013, a 7% increase from $17.8 billion in the same quarter of 2012. Home Depot credited $574 million of this $1.3 billion increase to the addition of an extra week to the first quarter of this year. Net earnings rose 20%, from $1 billion to $1.2 billion.