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Development/Redevelopment

  • Report: Nordstrom eyeing Canada

    New York — Nordstrom Inc. is scouting out sites to expand into Canada, Dow Jones reported.

    "We already know we have a lot of Canadian customers," Nordstrom spokesman Colin Johnson said in the report. Also, Canadians make up the biggest share of Nordstrom's international online customers.

    Johnson did not give a timeframe when Nordstrom might make a formal announcement, but did say the company would start with its full-priced stores before opening any Nordstrom Rack outlets in the country, according to the report.

  • Gap expanding Athleta brand

    New York — Gap Inc. plans to Athleta stores at the Grove shopping center in Los Angeles and at Fashion Island mall in Newport Beach, Calif., this fall, according to the Los Angeles Times.

    Gap bought Athleta, which sells sells women’s clothing for such sports as yoga, running and swimming, along with shoes and other fitness accessories, in 2008. At the time, Athleta just an online and catalog business. The brand opened its first two retail stores in the last year, both in Northern California.

  • Ikea to install solar panels on six additional locations

    Conshohocken, Pa. — Ikea plans to install solar photovoltaic systems on six more of its locations in the Eastern United States. Pending governmental permits, installation will begin in late spring, with completion expected this fall.

  • RECon 2011: Retail Real Estate’s Big Show, once again

    Final attendance numbers aren’t available yet, and while RECon 2011 may not have been the really, really big show it was in 2007, the International Council of Shopping Centers’ annual Las Vegas convention was clearly a big event.

    Pre-recession, the show attracted in excess of 50,000 retailers, retail service providers and shopping center executives to view the latest and greatest projects coming out of the ground. This year’s May 23 to 25 iteration didn’t pull 50k, but best guesses put attendance at over 30,000. 

  • Disney Store celebrates 25 years with new and remodeled stores

    Pasadena, Calif. — Disney Store plans to open its interactive concept stores in more than 40 locations in 2011 the company announced today at the Global Retail Real Estate Convention in Las Vegas.  The company said that by the end of 2011, it will have 60 new concept stores in 16 major markets in North America and eight countries.

  • Fresh & Easy to open two stores in San Francisco this summer

    SAN FRANCISCO — Fresh & Easy has announced the opening dates for its first two stores in San Francisco.

    The retail chain said that the stores, which will open on June 22 and Aug. 24, will create more than 50 jobs. What's more, Fresh & Easy also invites area residents to nominate a local, nonprofit organization to receive a $1,000 donation for each new store opening. Based on the nominations from the neighborhood, store employees will select the winning charity.

  • Former A&P executive joins Rite Aid

    CAMP HILL, Pa. — Rite Aid has appointed David Kelly as group VP construction, the retail pharmacy chain said Monday.

    Kelly, who has worked in real estate and development for more than 25 years, will start work May 31 and will have overall responsibility for all store planning and construction services, in addition to having a role in various segmentation initiatives, including Wellness, value and co-branded Save-A-Lot/Rite Aid stores. He will report directly to SVP, CFO and chief administrative officer Frank Vitrano.

  • Rite Aid names group VP of construction

    CAMP HILL, Pa. — Rite Aid has appointed David Kelly as group VP construction, the retail pharmacy chain said Monday.

    Kelly, who has worked in real estate and development for more than 25 years, will start work May 31 and will have overall responsibility for all store planning and construction services, in addition to having a role in various segmentation initiatives such as Wellness stores, value stores and co-branded Save-A-Lot Rite Aid stores, reporting directly SVP, CFO and chief administrative officer Frank Vitrano.

  • Subway to open 2,000 North American locations in 2011

    Milford, Conn. -- Subway Restaurants said Friday that more than 2,000 franchisees are actively searching for locations slated for 2011 openings.

    In order to reach its development goals, the chain said that a contingent of Subway representatives will be manning the brand’s booth at the International Council of Shopping Centers’ RECon convention, May 23 to 25, in Las Vegas.

  • Hibbett Sports Q1 earnings surge 23%, to open 40 net new stores

    Birmingham, Ala. -- Hibbett Sports Inc. reported Friday that net income for the quarter ended April 30 rose 23% to $21.3 million, compared with $17.3 million in the year-ago period.

    Revenue increased 10.4% to $203.7 million, beating analysts’ projected $200.8 million in revenue. 

    During the quarter, Hibbett opened eight new stores, expanded four others and closed seven underperforming stores. During the rest of the fiscal year, Hibbett said it expects to open between 50 and 55 new stores, close 10 to 15 stores and expand another 15 stores.

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