Real Estate

Restoration Hardware Holdings chairman and CEO Gary Friedman lauded the company’s performance in the fourth quarter and fiscal 2013, saying that RH continued to outperform the home furnishings industry by a wide margin.

It’s onto the next step for Safeway and Albertsons. No additional bidders emerged during Safeway’s 21-day “go shop” period following Albertsons’ announcement of its intention to acquire the company.

Under the definitive merger agreement, Safeway and its representatives were permitted to solicit and engage in negotiations with respect to alternative acquisition proposals during the 21-day period that ended March 27.

PetSmart CEO David Lenhardt was joined by Lt. Governor Jim Cawley of the Commonwealth of Pennsylvania and Congressman Charlie Dent (PA-15) at the grand opening of PetSmart’s new distribution center (DC) in Berks County, Pa.

This DC will bring an estimated 500 jobs to Berks County by the end of 2016. The 870,000-sq.-ft. facility will serve 25% of PetSmart’s stores in 11 states, handling and delivering consumables, hard goods and fish to 170 PetSmart stores in 2014 and more than 260 stores by 2015.

New York -- Swedish fast-fashion retailer H&M said on Thursday it will debut two of its newer retail formats, COS and & Other Stories, in the United States this year.

H&M will open its first COS U.S. location this April in New York City’s SoHo area. A second U.S. store will open later this year, in Beverly Hills, Calif.

The retailer’s & Other Stories banner will make its U.S. debut this fall, opening a store in downtown Manhattan.

New York -- Toys “R” Us has launched a new strategy to drive future growth that includes a big emphasis on improving its in-store customer experience.

The nation’s largest toy retailer said it will update its existing stores to make them easier to shop, focusing on everything from the restrooms and lighting to the flooring and signage. It also is committed to reducing in-store clutter and improving in-stocks and checkout speed (slow checkouts registered as a big customer complaint in its research.).

New York -- Francesca’s, Maurices and tween/teen fave Five Below are in an expansion mode.

Francesca’s, based in Houston, will open about 85 stores this year, down slightly from 91 openings last year.   

Memphis, Tenn. – A mixed-use retail center has reportedly been proposed for downtown Memphis. According to the Memphis Daily News, the 10,500-sq.-ft., two-story building would contain office, restaurant and café space, as well as a potential convenience store.

Columbus, Ohio – DSW Inc. opens three new stores April 3. The stores will be located in Reading, Pa., Olympia, Wash., and White Plains, N.Y.

DSW Rewards is a free loyalty program in which customers earn certificates toward future DSW purchases and receive special member-only offers. Customers can also participate in a Shoe Lover community on Facebook.

Brentwood, Tenn. -- Tractor Supply Company is opening its 1,300th store, as the company continues to grow toward its stated opportunity of 2,100 domestic store locations. The 1,300th store, located in Bullhead City, Ariz., will celebrate its grand opening on March 29, 2014.

New York -- Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in NorthPark Center in Dallas. The store will carry the complete range of Robert Graham, including men's sportswear, premium denim, furnishings, accessories, outerwear, newly launched footwear collection and women's sportswear.

NorthPark Center features a unique backdrop of art, architecture and landscaping for the enjoyment of its discerning customers. The Robert Graham store will open in late Spring 2014.