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Real Estate

  • Oro Gold Cosmetics to open at East 57th Street and Park Avenue

    New York -- Douglas Elliman's Retail Group said Tuesday it has arranged the lease for Oro Gold Cosmetics' first New York flagship at 118 East 57th Street, between Park and Lexington Avenues.

    The retailer currently operates 50 dedicated boutiques and spas in affluent markets worldwide, including London, Barcelona, Moscow, Dubai and Singapore, as well as in such U.S. cities as Chicago, Dallas, Las Vegas, Boston, Miami and throughout California, from San Diego to Sacramento.

  • No Rest for Bridget to open its first East Coast store

    Boston -- No Rest for Bridget, based in Irvine, Calif., will make its East Coast debut in mid-March, opening a 1,300-sq.-ft. location on Boston’s Newbury Street.

    The fast-fashion retailer specializes in affordable women’s clothing and accessories to 20- to 39-year-olds.

    The store’s build-out is being handled by A&O Danner Companies, Plymouth, Mass., which is working with D2 Construction of Costa Mesa, Calif.

     

  • Dick’s, Corner Bakery to open at Shops at La Palmera

    Fort Worth, Texas -- Trademark Property Co. said Tuesday that Dick’s Sporting Goods and Corner Bakery Café will open this year at The Shops at La Palmera in Corpus Christi, Texas. The 61,233-sq.-ft. Dick’s store will anchor the 200,000-sq.-ft. redeveloped and rebranded center, located across from La Palmera mall. Construction on Dick’s is set to begin in February with opening slated for fall 2013.

    Scheduled to open in May is a 4,166-sq.-ft. Corner Bakery Café, adding to its 140 locations across the country.

  • OfficeMax to open smaller format

    New York -- OfficeMax has become the latest retailer with a smaller-store, urban format either open or in the wings.
     
    The retailer will unveil its smaller concept sometime in 2013, according to Crain’s Chicago Business. The new format will range between 5,000 sq. ft. and 15,000 sq. ft., the report said.

     

  • Vitamin Shoppe cleared for Super Supplements takeover

    North Bergen, N.J. -- The Vitamin Shoppe said Monday it was notified by the FTC that it has been cleared to acquire Super Supplements, with a targeted closing date of Feb. 15.

    In December, the vitamin retailer had announced it would purchase the assets of Super Supplements, a specialty retailer of vitamin, mineral and supplements, for $50 million.  

    Super Supplements operates 31 stores in Washington, Oregon and Idaho, and expands Vitamin Shoppe's presence in the Pacific Northwest where it currently operates 17 stores.  

  • Neighborhood Market comes to bay area

    Walmart’s efforts to gain share in California’s grocery market continued this week with the opening of another Neighborhood Market in San Jose.

    The 41,000-sq.-ft. store is Walmart’s second Neighborhood Market in San Jose and third in the San Francisco area and could be a sign of more to come. Since opening it first Neighborhood Market in California last summer, the format has quickly grown to approximately 20 locations. And there are likely more to come as Walmart looks to accelerated expansion of smaller format stores nationwide in the coming years.

  • Harris Teeter Q1 income up 67%; nine new stores on tap

    Matthews, N.C. -- Harris Teeter Supermarkets Inc. reported that its fiscal first-quarter net income rose nearly 67%. The company earned $22.8 million for the quarter that ended Jan. 1, up from $13.7 million in the same quarter last year. The prior year's results included an $18 million cost to settle some pension liabilities and employee benefits in connection with the sale of its industrial thread manufacturing company.
        

  • Starbucks makes Vietnam debut; sees potential there for ‘hundreds’ of cafes

    New York -- Starbucks Coffee Co. on Friday opened its first location in Vietnam, following an expanded long-term relationship with Hong Kong Maxim’s Group.
     
    The two-level flagship store has been designed to reflect Starbucks’ signature coffee heritage, while embracing Vietnam’s distinctive local traditions and coffee culture. It is located the bustling neighborhood of Ho Chi Minh City’s District 1.

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