Real Estate

West Des Moines, Iowa -- Kum & Go has announced plans to invest $90 million in building a total of 20-25 new stores in the Colorado Springs and Pikes Peak region of the Centennial State within the next five years.
 
Kum & Go, the fifth largest privately held company-operated convenience store chain in the United States, is marking the grand opening of its first three stores in Colorado Springs this week.
 

Seattle -- REI (Recreational Equipment, Inc.) will open a store in Silverdale, Wash., in the fall of 2013.

The 24,500 sq.-ft. store will include a seasonal rental department that will allow customers to test new outdoor activities, and a bike shop that will provide expert assembly and repair services. The store's community space will host outdoor-related classes, presentations and events.

New York -- Tiffany & Co. announced that it plans to open a flagship in Paris.

The approximately 10,000-sq.-ft. multi-level store will be located at 62 Avenue des Champs Elysées and is expected to open in 2014.

SAN FRANCISCO — Williams-Sonoma will open its first store in Quebec, Canada, on Nov. 3. Located at Carrefour Laval in Laval, Quebec, the new store marks Williams-Sonoma’s eighth location in Canada, and will be the first to showcase a brand new store design.

Brisbane, Calif. -- Bebe stores reported Friday a net loss of $2.6 million for the quarter ended Sept. 29, compared with net income of $2.4 million for the year-ago period.

Sales slipped 7.3% to $117.1 million from $126.3 million, and same-store sales dropped 8.7%.

During the quarter, the company opened five 2b stores and closed seven Bebe stores, and said it expects to open five Bebe stores and one 2b store in fiscal 2013 as well as close five Bebe stores and one 2b pop-up store.

Dallas -- 7-Eleven announced that it has acquired the retail and wholesale dealer assets of San Antonio-based Tetco, closing a deal that was announced Aug. 14.

The assets include 163 company-operated convenience stores in Utah and the Dallas-Fort Worth, Austin and San Antonio areas of Texas.

Terms of the deal were not disclosed.

The acquisition signals a return to San Antonio for 7-Eleven, where the company had operated stores until 1989.

Matthews, N.C. -- Harris Teeter Supermarkets reported Friday a profit of $22.8 million in its fourth quarter, compared with a loss of $8.9 million last year.

Sales edged up 3.7% to $1.14 billion, and same-store sales increased 3.01%.

The grocer has introduced a new format and banner – 201central – that it is using as a platform to sell a global variety of wine, beer, specialty foods and other selected merchandise.

Plans for fiscal 2013 include 12 new stores and nine major remodels.

Seattle -- Nordstrom said it plans to open a Nordstrom Rack in Birmingham, Ala. This will be the retailer's first location in the state.

The approximately 35,000-sq. ft. store is scheduled to open in spring 2013 at River Ridge Shopping Center. The center is owned and operated by DDR Corp.