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DDR and Target launch redevelopment projects in San Antonio and Denver
Beachwood, Ohio -- Shopping center owner and developer Developers Diversified Realty Corp. said Wednesday it will raze Terrell Plaza shopping center in San Antonio, Texas, and an existing two-story enclosed mall at Tamarac Square in Denver, Colo., to accommodate Target Corp.’s construction of two new stores.
DDR said it intends to redevelop adjacent retail space at both centers.
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Abercrombie & Fitch surprises with big swing to profit in Q1
New Albany, Ohio -- Abercrombie & Fitch Co. said Wednesday that overseas strength pushed its net income to $25.1 million for the first quarter, compared with a loss of $11.8 million a year earlier.
As previously reported, revenue rose 22% to $837 million, helped by a 64% surge in international revenue.