Tenant Update

Burlington, Mass. -- Boston-based Wilder Cos. announced that, as part of a two-phased revitalization plan, Seasons 52 will open a new restaurant at Wayside in Burlington, Mass., the restaurateur’s first location in the state.

Charleston, S.C. -- Colonial Candle said it is opening its first retail and research boutique in Charleston, S.C. The 3,000-sq.-ft. flagship store is the 103-year-old candle company's first and only boutique.

Located in The Shops at Charleston Place, the Colonial Candle boutique joins Godiva, Gucci, Louis Vuitton and Lacoste at the center.
 
The new store is slated to open in early fall 2012.

There was quite a bit of excitement heading into this year’s RECon convention. The event is, in many respects, the annual event for retail real estate professionals from around the country (and more recently from around the world). It seemed to have a little bit more industry buzz going for it than in recent years. I think the combination of some encouraging economic indicators and the feeling that the industry is on the cusp of what may be a more sustainable long-term recovery had everyone’s optimism in high gear.

Tarrytown, N.Y. -- DLC Management Corp., which owns Stone Mountain Square in Stone Mountain, Ga., said Friday that Big Lots has opened a 26,355-sq.-ft. store at the shopping center.

Big Lots co-anchors the center with Ross Dress for Less, T.J. Maxx, Marshalls, Dot’s and Anna’s Linens.
 

Merrimack, N.H. -- Indianapolis-based Simon Property Group said Thursday that it has opened Merrimack Premium Outlets, an upscale outlet shopping center serving the Greater Boston and Nashua markets.

Houston -- The Men’s Wearhouse reported Wednesday that net income for the first quarter dipped 2% to $26.9 million, dragged down by negative same-store sales at its K&G off-price unit. Its results missed expectations.

Revenue rose 1% to $586.6 million, missing Wall Street’s forecasted $593.7 million in revenue.

Minneapolis -- Christopher & Banks Corp. reported Tuesday a loss of $13.4 million, compared with a loss of $8.2 million in the year-ago period.

Net sales dropped to $93.6 million, from $110.4 million in the comparable period last year. Same-store sales decreased 15%.

“Our financial results reflect continued customer resistance to the residual merchandise assortment that consisted of styles that were too updated and priced too high while lacking in key categories,” said Joel Waller, president and CEO.

Naples, Fla. -- Tampa, Fla.-based RMC Property Group said that Naples Towne Centre property, located in Naples, Fla., has just completed a major renovation project, which included a complete restoration of the façade, and a makeover of the landscaping, parking lot and exterior lighting. The owner, Buckingham Properties, utilized the design services of local architect, Don Stevenson Design.