Development/Redevelopment

Lakeland, Fla. -- Columbus, Ohio-based Casto said that Versona Accessories will open its newest store on November 17 at Lakeside Village, in Lakeland, Fla.

The women’s accessories retailer is a concept of The Cato Corp.
 

Addison, Texas -- Coyote Management announced the formation of a new marketing solutions company called Coyote Creative.

With the addition of the new company, the mall owner and manager has expanded its services to include marketing solutions to individual companies, regional malls, lifestyle projects and open-air shopping centers.

The new company will be headed by Kymberley Scalia, corporate director of marketing, and Lindsey Willis, marketing coordinator.
 

Boston -- Grossman Development Group said Friday that Mark Hebert has joined the company as VP development. 

Hebert was previously project development manager for WS Development. Prior to WS, Hebert spent nearly 10 years at BJ’s Wholesale Club, starting as a store planner and becoming a site development manager.
 

New York City -- Apple on Friday unveiled a new glass entrance for its store on New York City's Fifth Avenue.

The original 32-ft. glass cube previously used 90 panes of glass. The new design has a more sleeker, slimmed-down look and features 15 larger, seamless panes. Apple also updated the plaza outside the store.

The total project cost Apple a reported $6.7 million.
 

New York City -- Fresh & Easy Neighborhood Market, the U.S. division of Tesco, has opened its first Fresh & Easy Express store, at La Cienega Boulevard and 18th Street in Los Angeles.

The new format is approximately 3,000 sq. ft. versus the 10,000-sq.-ft. footprint of a standard Fresh & Easy. It features an edited selection of some 2,700 SKUs, including fresh foods, baked items, groceries, and health and beauty items.
 

New York City -- Macy’s said Thursday that it will a full-line Bloomingdale’s in Glendale Galleria in Glendale, Calif., in fall 2013.

The 120,000-sq.-ft., two-level store will headline an upscale redevelopment of the center being planned by its owner, General Growth Properties. The top two floors of the former Mervyn’s location will be entirely remodeled by Bloomingdale’s, with construction expected to begin in 2012.

Austin, Texas -- Whole Foods Market reported that its fiscal fourth-quarter profit rose 31% to $75.5 million on higher sales, beating analysts' expectations. But the company's outlook for next year's profit fell just short of what analysts forecast on average.

Revenue increased 12% to $2.35 billion.

INDIANAPOLIS — Electronic retailer Hhgregg reported net income of $6 million for the second quarter ended Sept. 30, or 16 cents per diluted share, compared with net income of $3.9 million, or 10 cents per diluted share, for the comparable prior-year period. According to the company, the increase in net income for the second quarter was the result of an increase in net sales due to the net addition of 35 stores during the past 12 months and a comparable-store sales increase of 1.5%.

Seattle -- New York City, Washington, D.C., San Francisco and Seattle, top the list of the strongest retail real estate markets, according to Colliers International’s “Third Quarter 2011 North American Retail Highlights” report. The weakest markets include Phoenix, Detroit, Atlanta and Las Vegas, which continue to experience vacancy rates at or above 15%.

New York City -- Apple will spend $900 million on its stores in fiscal 2012, up from $614 million this year, according to Tech Observer, which cited a new research note from UBS analyst Maynard Um.

The report also said that that Apple plans to give shoppers the ability to complete their own in-store purchases via its iOS application for the iPhone. The new application will apply only to accessories and on-the-shelf items, and not more costly item like the iPhone, iPad, or Macs.