Real Estate

Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that The North Face will open its first New Jersey location at Cherry Hill Mall this fall.

The opening of the 6,500-sq.-ft. store will coincide with openings from Henri Bendel, Grand Lux Café, Essensuals London and Pottery Barn.

Cherry Hill Mall is anchored by Nordstrom, Macy’s and J.C. Penney.
 
 

Carlisle, Pa. -- Ahold subsidiary Giant Food said it has commenced its conversion of 15 former Genuardi's stores. The announcement follows FTC approval of Giant Food’s plan to acquire 15 Genuardi's stores, located in the greater Philadelphia area, from Safeway.

During the conversion process, five stores at a time will temporarily close for about a week. The three-phase staggered approach is expected to be completed on July 22.

Aliso Viejo, Calif. -- Johnny Rockets said Tuesday it has finalized a franchise agreement with restaurant entrepreneur Antonio Augusto Ribeiro de Souza to open 30 restaurants in Brazil. 

This news follows recent announcements of the chain's new franchise agreements in Peru and Ecuador, as well as the opening of its second restaurant in Chile and its first in the Dominican Republic.

Westbrook, Maine -- Olympia Sports announced it has recently surpassed its 200th location and has begun a march south and west from its home state of Maine.

The company plans to open 25 stores during its current fiscal year, including its first store in West Virginia and others in states south of New York. A similar pace of expansion is expected for the following fiscal year beginning in October, said Olympia.

CARLISLE, Pa. — Giant Food has commenced its conversion of 15 former Genuardi's stores.

The announcement follows Giant Food, an Ahold subsidiary, getting the green light from the Federal Trade Commission for its plan to acquire 15 Genuardi's stores, located in the greater Philadelphia area, from Safeway.

During the conversion process, five stores at a time will temporarily close for about a week. The three-phase staggered approach is expected to be completed on July 22.

A soon-to-open Cabela’s store in Rogers, Ark., will test the viability of a large format store in a small market.

The opening of the 100,000-sq.-ft. Cabela’s store is slated for Thursday, August 30 and was strategically timed to kick off the Labor Day weekend. A ribbon cutting planned for 8:45 will be followed by appearances from outdoor personalities and celebrities, family events and merchandise giveaways.

Union, N.J. -- Bed Bath & Beyond Inc. announced that its tender offer for the outstanding shares of common stock of Cost Plus was successful.

The company said Friday that about 20.8 million shares representing about 92% of Cost Plus' outstanding stock were tendered. The company currently has approximately 22.5 million outstanding shares, according to FactSet.

Cost Plus will become a Bed Bath & Beyond subsidiary and will stop trading on the Nasdaq the first business day after the deal closes.

The past few months have seen a flurry of store openings in New York City. Here’s a rundown on some of this summer’s hottest new must-sees as chosen by my go-to expert on Big Apple retail happenings Faith Hope Consolo,  chairman of the retail division at Prudential Douglas Elliman:

New York -- Canadian retailer Aritzia will open its largest store to date, a 13,000-sq.-ft. flagship on Fifth Avenue in New York City.

The apparel retailer is taking over a space previously occupied by Esprit. The location is in a building that is part of Rockfeller Center.

NEW YORK — With the Nordstrom name often associated with high fashion, it is surprising that the retailer does not already have a flagship in New York City. In 2018, however, that will all change when the first full-line Nordstrom's store opens in the Columbus Circle area of Manahttan.

The store is being built by Extell Development Company and will occupy 285,000 square feet.