Development/Redevelopment

Charlotte, N.C. -- Harris Teeter Supermarkets reported Thursday that net income for the quarter ended April 1 edged up to $30.3 million, from $29.9 million in the year-ago period.

Sales climbed 6.7% in the period, to $1.12 billion from $1.05 billion. Same-store sales increased 3.9%.

Brisbane, Calif. -- Women’s apparel retailer Bebe stores reported Thursday that it narrowed its loss for the quarter ended March 31 to $200,000, compared with a $2.6 million loss in the year-earlier period.

Sales climbed 10.5% to $121 million, from $109.5 million. Same-store sales rose 7.2%.

For the remainder of fiscal year 2012, the retailer said it expects to open three 2b stores and close two Bebe stores.
 

Austin, Texas -- In what it called the best quarter in its 32-year history, Whole Foods Market’s second-quarter profit jumped nearly 31% on stronger sales. The company raised its full-year outlook on the results.

“Our exceptional results in the first half of the year have given us the confidence to significantly raise our guidance for the full year. We are confident that our sales momentum and operating disciplines will create continued positive results for our shareholders," Walter Robb, co-CEO said in a statement.

Jacksonville, Fla. -- Body Central Corp. reported Thursday that net income for the first quarter rose to $5.9 million, from $5.4 million in the same period last year. Sales increased 11.8% to $82.7 million, and same-store sales dipped 1.4%.

The retailer, which operates 243 stores, said it is on track to open at least 35 stores in 2012.
 

Target’s annual shareholders’ meeting will be held June 9 in downtown Chicago at the location of a soon-to-open CityTarget store on State Street. The venue is an interesting choice that speaks volumes about the potential for the new urban format.

Washington, D.C. -- Sax Realty said that Bed Bath & Beyond will open a new 28,000-sq.-ft. store at Village South at Waugh Chapel, the largest power strip being built in the Washington, D.C., area.

The store is slated to open in the fall.

The one million-sq.-ft. mixed-use development, developed by Greenberg Gibbons, is also anchored by Wegman's, Target, Regal Cinema, Dick's Sporting Goods and Petco.

Oak Brook, Ill. -- The Inland Real Estate Group of Cos. announced the appointment of Timothy D. Hutchison as COO of The Inland Real Estate Group.

In this position, Hutchison will be responsible for all non-investment operations of the company. Additionally, he will retain his duties as head of The Inland Services Group, leading the shared service entities.

Hutchison joined Inland in 2005 after having spent 14 years in operations and management roles in municipal government.

Chattanooga, Tenn. -- CBL & Associates Properties and Horizon Group Properties announced that construction will begin immediately on a new outlet center in Woodstock, Ga. The 370,600-sq.-ft. initial phase of the center, to be named The Outlet Shoppes at Atlanta, is scheduled to open in August 2013.