Development/Redevelopment

New York City -- Wal-Mart Stores is making progress bringing items and shoppers back to its U.S. stores, president and CEO Mike Duke said Tuesday at the Barclays Capital analyst conference in New York City. 

Duke noted that improving the chain’s U.S. same-store sales remains its top priority. He said the chain is on its way to having the right assortment.

New York City -- Ikea announced that its 415,000-sq.-ft. store in Centennial, Col., will open on July 27.

“The excellent construction progress made this past fall and winter by Saunders Construction and the subcontractors -- as well as professional and timely reviews by local authorities -- created an opportunity for us to open much earlier than originally envisioned,” said Ikea project construction manager Doug Wolfe.

New York City -- Big Lots, which plans to open 90 stores this year, has made two key merchandising moves to facilitate its planned growth.

The retailer has hired former Sears merchandising executive Doug Wurl to serve as its executive VP merchandising. He assumes responsibilities previously held by John Martin, who was named executive VP administration. In his new role, Martin will have responsibility for store operations and human resources.

By Jason Pierson

Cincinnati -- Macy’s on Monday said it will open three Bloomingdale’s Outlet stores in the fall. The new locations will join the first four Bloomingdale’s Outlet stores opened in fall 2010 when the concept was launched.

The new Bloomingdale’s Outlet stores, which will range from 25,000 sq. ft. to 24,000 sq. ft. are scheduled to open in the following shopping centers with an upscale outlet store focus: Miromar Outlets, Estero, Fla.; Wrentham Village Premium Outlets, Wrentham, Mass.; and Woodfield Village Green, Schaumburg, Ill.

Mooresville, N.C. -- Lowe’s will rebuild its store in Sanford, N.C., that was demolished by a tornado April 16, the company announced Thursday.

Lowe’s will tear down what is left of the remaining building, which has been condemned, and build a new facility on the site, said company spokeswoman Karen Cobb. The chain hopes to re-open the store this fall.

Norwalk, Conn. -- Emcor Group, a leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses, announced that its Emcor Services Mesa Energy Systems subsidiary has been awarded a contract to perform an energy retrofit project at the Westfield San Francisco Centre, a high-end shopping center in San Francisco.

Cleveland -- Forest City Enterprises said Wednesday it has promoted Duane F. Bishop Jr., to the position of executive VP and COO of the company’s Commercial Group.

Bishop was previously executive VP – Asset Management. 

Forest City’s Commercial Group, the largest of three major strategic business units, includes the company’s retail, office and hotel properties.

Tarrytown, N.Y. -- DLC Management Corp. announced Wednesday that it has named Michael Mahan as leasing representative in the firm’s Atlanta office, where he will handle a portion of the company’s Southeastern portfolio of shopping centers.

Mahan brings with him several years of commercial real estate experience, most recently as a leasing manager for Lamar Cos.

New York City -- Women’s fashion apparel retailer Francesca's Holdings Corp. filed for up to an estimated $150 million to be raised in an initial public offering.

The company has about $41.4 million in proceeds from the offering earmarked toward repaying a senior secured credit facility, Dow Jones Newswires reported. Remaining funds may be used for opening new stores and growing its e-commerce business.

For the year ended Jan. 29, Francesca's same-store sales climbed 15% on top of a 9.8% increase a year earlier.