Real Estate

Pasadena, Calif. -- Disney Store will open more than 25 new and remodeled locations around the globe in 2011. The stores will feature the company’s updated store design, which features an array of interactive and immersive experiences. The company ultimately plans to transform all its 350+ locations to the new concept.

“Guests told us that we brought the magic back to Disney Store with the launch of our new design, and they responded by staying in the stores longer and purchasing more,” said Jim Fielding, president, Disney Stores Worldwide.

Miami -- Navarro Discount Pharmacies has signed a lease for a new 14,000-sq.-ft. store in North Miami, Fla. With a store opening planned for the summer, North Miami will be the company's 29th store location and its first new store opening since the airport location opened in 2007.

MINNEAPOLIS — Target is opening 21 stores across 12 states, the retailer announced Tuesday.

Among the openings include five stores in California, a third store in Hawaii and a SuperTarget in Minnesota.

“Target takes great pride in designing stores that meet the needs of our guests and the communities we serve,” said John Griffith, Target EVP. “With the addition of an expanded fresh food assortment, our new stores will offer guests everything they need in one convenient location.”

New York City -- A retail industry expert presented research Monday at the National Retail Federation convention in New York City that showed shoppers will continue to spend more this year, spurred by a slowly improving job market and an uptick in income.

However, Ira Kalish, director of global economics for Deloitte, added that enough shoppers are still struggling with their finances that any increase will be modest.

New York City -- Red Wing Shoe Co. plans to open 125 stores in the next five years, according to the Star Tribune.

The stores, all independently owned, will open mostly in the Northeast, in cities such as Philadelphia, where the Minnesota retailer doesn't have a strong presence.

Red Wing has about 425 U.S. stores, and about 70% are independently owned and operated.

The push into new markets represents about a 20% jump in new store growth, the company said.

Columbus, Ohio -- Glimcher Realty Trust has announced the promotion of Thomas J. Drought to the position of executive VP, director of leasing.

Drought was previously senior VP, director of leasing.

Glimcher also announced the appointment of Damion Sankovich to VP leasing. Sankovich was previously regional director, leasing.

Paducah, Ky. -- Youngstown, Ohio-based Cafaro Co. announced that its Kentucky Oaks Mall property, located in Paducah, Ky., will under a major renovation.

According to Cafaro, the rehab is the most significant in the mall’s 28-year history, involving both interior and exterior transformations. When complete, the mall will feature newly designed entrances, concourse skylights, new ceiling treatments, energy-efficient lighting, as well as new flooring treatments and soft-seating areas.

Philadelphia -- Teen value retailer Five Below said that the company is launching a major expansion into Chicago, with the signing of 12 store leases.

The new stores, which are planned to open in the spring, are the first of up to 20 new stores that will open in the Chicago market this year, according to the company.

Over the next three to five years, Five Below anticipates expanding its foothold in Chicagoland and increasing the number of stores in the region to as many as 60 locations.