Development/Redevelopment

Birmingham, Ala. -- Hibbett Sports reported Friday that net income for the quarter ended Oct. 27 climbed 18.8% to $19 million, compared with $16 million in the year-ago period.

Sales rose 9.6% to $202.9 million, and same-store sales increased 6.4%.

The sporting goods retailer said it is on track to open 57 to 60 new stores in fiscal 2013, expand approximately 17 high-performing stores, and close up to 18 stores.

Canton, Mass. -- Casual Male Retail Group reported Friday a loss of $1.6 million in the third quarter, flat with the prior year’s third quarter.

Sales dipped slightly to $88.7 million from $89 million, and same-store sales inched up 1.5%. However, same-store sales for Destination XL rose 13.8% in the quarter.
    

Conshohocken, Pa. – Ikea announced it is submitting plans to the City of Burbank, Calif., for a new and larger store to replace its current location among the Swedish retailer’s presence in the Los Angeles area. The application will mark the beginning of the governmental review process for this proposed relocation.

New York -- Tommy Bahama Group Inc. said Thursday its first Tommy Bahama global flagship store will open on Nov. 17 at 551 Fifth Avenue in Manhattan.

CONSHOHOCKEN, Pa. — IKEA intends to submit plans to the City of Burbank, California, for a new, larger location to replace its current one in the Los Angeles area.

Greensboro, N.C. - The Fresh Market said Wednesday it has entered into agreements to lease four new store locations that are currently operated as Rice Epicurean Markets, a family-owned specialty food retailer based in Houston.

Rice Epicurean Markets will continue to operate the stores through the end of the year, and will close these four stores during the first quarter of 2013.

Toronto -- Target Corp. announced Wednesday it is pursuing Leadership in Energy & Environmental Design (LEED) certification for all Canadian stores opening in 2013.

Design plans include conserving energy and water, reducing greenhouse gas emissions and limiting waste sent to landfill, among other features.

 Burton Snowboard's newly renovated SoHo flagship serves as a showcase for the brand's homey New England image. Featured elements include a vintage chairlift, a wood cabin made from reclaimed timbers and a snowboard fabrication press. The design restores the original building of the historical building while incorporating authentic bare wood, reclaimed wood and distressed steel.

Design: Verdego Design, Venice Beach, Calif.