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Real Estate

  • Sears Canada swings to profit on real estate deals

    Toronto – Real estate transactions helped Sears Canada swing to a profit in the second quarter even as revenue and same-store sales decreased.

    The retailer on Wednesday reported net earnings of $13.5 million, compared to a net loss of $21.3 million the same quarter a year earlier. The company, which has been working to turn around its business, also announced additional cost-cutting plans and real-estate sales.

  • Online footwear brand steps out with first store

    Los Angeles -- The latest online brand to try out brick-and-mortar is a women’s footwear and accessories retailer known for its on-trend styles and affordable prices.

    Sole Society on Wednesday opened its first brick-and-mortar store, at Santa Monica Place, Santa Monica. California.

  • Santa.com could be holiday gift for some retailer

    The value of a super premium domain name that people instinctively visit during the holidays will be revealed soon as a leading asset disposition firm looks to extract maximum value for Santa.com.

  • Macy’s opens the curtain on new off-price format

    New York – Macy’s Inc. on Wednesday officially entered one of the industry’s fastest-growing store segments: off-price retail.

    The company unveiled its newest banner, Macy’s Backstage, with the opening of three New York City -area stores, with locations in Brooklyn, Queens and Melville (on Long Island).

  • RPAI increases presence in Seattle MSA to more than 1.2 million sq. ft.

    Newcastle, Wash. -- Retail Properties of America announced that it has closed on the off-market acquisition of Coal Creek Marketplace, a 56,000 sq. ft. grocery-anchored center located in Newcastle, Washington for approximately $17.6 million. The center is currently 95% occupied and anchored by Quality Food Centers, a subsidiary of Kroger.

  • New off-pricer making some noise

    Louisville, Ky. -- A new off-price outlet concept that opened its first store in November 2014 is expanding.

    Retail4LESS announced the opening of two new locations in Kentucky — one in Madisonville, and the second in Franklin — with both due to open in the late fall.

    The opening of the two new stores will mark the first new stores for the off-price retailer since the launch of its inaugural location last year, in its home base of Louisville.

  • $750 million mixed-use Steelpointe Harbor set to redefine Bridgeport

    Bridgeport, Conn. -- Bridgeport Landing Development, a subsidiary of The RCI Group, announced that the $50 million first phase of Steelpointe Harbor, located in Bridgeport, Connecticut, is scheduled to open later this year. Steelpointe Harbor is a two million sq. ft. super-regional waterfront project spanning 82 acres.

  • Shoe Carnival eyes, ‘tremendous untapped opportunity’

    New market entries, a newly developed small format and ambitious omnichannel efforts have family footwear retailer Shoe Carnival on a trajectory to surpass $1 billion in annual sales.

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