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Real Estate

  • Chico's reports 30% rise in Q1 profit

    Fort Myers, Fla. -- Chico's FAS said Wednesday that profit for the first quarter was $45.9 million, compared with $35.4 million in the year-ago period.

    Net sales increased 11.5% to $537.2 million, from $481.6 million in last year's first quarter. Consolidated same-store sales rose 7.7%.

    The operator of Chico’s, White House|Black Market and Soma Intimates said it anticipates opening 21 net new stores in the May-June 2011 time frame.

  • Nordstrom Rack to open at Westfield Plaza Bonita

    Seattle --Nordstrom announced it will open a 42,222-sq.-ft. Nordstrom Rack at Westfield Plaza Bonita shopping center in National City, Calif. The new store will open on Oct. 27.

    The new Nordstrom Rack will be the company's third Rack store in the greater San Diego area, joining Westfield Mission Valley in San Diego and Grand Plaza in San Marcos.
     

  • Staples cuts outlook and scales back expansion as profit disappoints

    Framingham, Mass. – Staples reported Wednesday that first-quarter profit rose 5% to $198.2 million, compared with $188.8 million a year earlier. Results were boosted by overseas strength and increased buying by small businesses in North America.

    But results were softer than expected, and the company cut its full-year earnings guidance. Its earnings outlook for the second quarter and the year are below Wall Street estimates.

    Revenue rose 2% to $6.18 billion, from $6.06 billion a year ago. Same-store sales slipped 1%.

  • Children’s Place to make regional debut at Gadsden Mall

    Gadsden, Ala. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that The Children’s Place is set to open a new location at Gadsden Mall in May.

    The nearly 3,000-sq.-ft. retailer will be located next to Kay Jewelers, and will be the retailer’s first in the region.

  • DSW opens two Connecticut stores with Centro Properties Group

    New York City -- Centro Properties Group, based in New York City, announced that two DSW stores recently opened in Connecticut; in North Haven, a 24,824-sq.-ft. store opened, and in Manchester, a 20,000-sq.-ft. store opened.

    The North Haven store is located at North Haven Crossing, and the Manchester store is located at Slater Street, near Buckland Hills Mall.
     

  • Jack in the Box implements web-based real estate technology

    Dallas -- Lucernex Technologies said Tuesday that Jack in the Box has implemented Lucernex’s store lifecycle management solution to manage its real estate portfolio, which includes more than 2,200 Jack in the Box restaurants across 19 states.

    According to Lucernex, by implementing the retail version of the Lx Retail product suite, Jack in the Box can streamline its process of selecting store sites, building and opening new store locations, as well as managing existing locations to avoid time delays and save costs.

  • Soma Intimates to open at Town Center at Boca Raton

    Boca Raton, Fla. -- Indianapolis-based Simon Property Group announced that Soma Intimates, a Chico FAS company, will open on May 25 at Town Center at Boca Raton, located in Boca Raton, Fla.

  • Trademark Property hired to lease, manage Shops of Saddle Creek

    Fort Worth, Texas -- Trademark Property Co. announced Monday that it has been engaged by an institutional owner to lease and manage the Shops at Saddle Creek, a 148,000-sq.-ft. lifestyle center in Germantown, Tenn.

    Trademark will also be evaluating the feasibility of a major expansion on adjacent land controlled by Saddle Creek’s owner.

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