Development/Redevelopment

Seattle -- Nordstrom reported Thursday that net income for its second quarter rose 20% to $175 million, compared with $146 million in the year earlier period.

Revenue surged 12.4% to $2.72 billion, benefited by strong promotions and matching Wall Street estimates. Same-store sales rose a solid 7.3%. The department store retailer has raised its profit outlook for the full year.

Its outlet concept Nordstrom Rack saw net sales increase 23.4% to $92 million, and same-store sales rose 4.8%.

ST. JOHNS, Fla. — Just one week after opening a remodeled store in Apopka, Fla., Winn-Dixie has opened another reformatted store in St. Johns, making it the company's first overhauled location in the North Florida area.

The renovated Winn-Dixie features an expanded grocery department, as well as a deli serving restaurant-quality entrees and side dishes, the retailer said.

Outdoor retailer Cabela’s has announced plans to open one of its signature stores in Rogers, Ark., next summer, continuing an influx of retail development that has steadily elevated the region’s shopping options.

A decade ago, the biggest decision facing shoppers who lived in Benton County was which Walmart to shop at. Either that or drive to Fayetteville where an aging mall featured Dillard’s and JCPenney as anchor tenants. Other folks made the two-hour trek to Tulsa, Okla., which boasted more choices, but hardly qualified as a shopping Mecca.

Sarasota, Fla. -- Centro Properties Group US announced that GNC has opened a 1,100-sq.-ft. store at Sarasota Village shopping center, located in Sarasota, Fla.

Centro, based in New York City, is the owner of Sarasota Village.
 

Concord, Calif. -- Jacksonville, Fla.-based Regency Centers said it has leased space to two new restaurant tenants at Clayton Valley Shopping Center, located in Concord, Calif.

Five Guys Burgers and Fries has leased 2,400 sq. ft., and Dickey’s Barbecue Pit will open fall 2011 in a 1,740-sq.-ft. space.

The 260,000-sq.-ft. shopping center is anchored by Orchard Supply Hardware alongside national retailers such as Ross Dress for Less, Fresh & Easy and CVS/pharmacy.
 

Dallas -- SRS Real Estate Partners announced Thursday it has hired Lenny Eterno as a senior associate in the South Florida office.

Eterno will be focusing on the Miami Beach and downtown Miami trade areas.

Prior to joining SRS, Eterno worked for SRS’ affiliate, Cypress AutoGroup, LLC, where he completed transactions throughout the southeast.
 

Matthews, N.C. -- Family Dollar said Thursday it has opened its 7,000th store -- on South Highland St. in Memphis, Ten.

The newest store, which opened on Wednesday, features a new design with green elements and easy-to-navigate layout.

St. Johns, Fla. -- A week after opening a remodeled store in Apopka, Fla., Winn-Dixie has opened another reformatted store in St. Johns, making it the company's first overhauled location in the North Florida area.

The renovated Winn-Dixie features an expanded grocery department, as well as a deli serving restaurant-quality entrees and side dishes, the retailer said.

Menomonee Falls, Wis. -- Kohl's Corp. reported Thursday that profit for the quarter ended July 30 rose 17% to $303 million, compared with $260 million in the year-ago period. The retailer cited tightened cost controls and success of store-label brands for the improved performance, and has raised its full-year guidance.

Kohl’s said it is on track to open an additional 31 stores this year, as well as remodel another 15 stores next month. The company opened nine and remodeled 85 stores in the first half of the year.

San Francisco -- Gap will open two Athleta store this week in Manhattan’s Upper East and Upper West side neighborhoods. The openings mark the women’s active wear brand’s entry into the East Coast market, and support Athleta’s plan to open up to 50 stores by 2013.

“Entering New York is a significant milestone for us as we aim to grow our share of the $31 billion women’s active wear market,” said Scott Key, senior vice president and general manager of Athleta.