Bed Bath & Beyond, Inc.

Chattanooga, Tenn. -- Chattanooga, Tenn.-based CBL & Associates Properties,  announced a 6,000-sq.-ft. expansion to The Shoppes at Hamilton Place, a 125,000-sq.-ft. associated center in Chattanooga with existing anchors Ross dress for Less, Marshalls, and Bed, Bath & Beyond.

The expansion will locate in the undeveloped parcel in front of the center and will bring new retailers and restaurants to the area including Sweet Peppers Deli, Menchie’s Frozen Yogurt, and Bath Junkie.   

Phoenix -- Cole Real Estate Investments announced Monday that it has signed leases totaling approximately 278,000 sq. ft. at Cole-related retail properties through the first half of 2011.

The leases consist of approximately 129,000 sq. ft. of new leases and approximately 149,000 sq. ft. in renewals, bringing the occupancy rate for Cole’s portfolio of more than 1,450 properties to 97.3%.

I’m not shedding any tears over the demise of Borders and neither is anyone else in the retail industry. It’s just business.

There are always a few sentimental customers who turn up with a choice quote or two in the formulaic media eulogies that appear whenever a retailer goes under, but those customers will just have to find somewhere else to sip coffee and read books for free.

Union, N.J. -- Bed Bath & Beyond reported Wednesday that net income for the first quarter jumped 31% to $180.6 million, compared with $137.6 million in the year-ago period.

Revenue surged 10% to $2.11 billion, and same-store sales rose 7%. Results surpassed Wall Street expectations of $2.07 billion in revenue.

Bed Bath & Beyond has raised its outlook, now expecting full-year earnings to rise 15% to 20% over last year.
 

UNION, N.J. — Bed Bath & Beyond dominates the home and housewares retail space by consistently reporting strong revenue and earnings growth, and this quarter was no exception.

The company reported net earnings of 72 cents per diluted share ($180.6 million) in the fiscal first quarter ended May 28, an increase of approximately 38% versus net earnings of 52 cents per diluted share ($137.6 million) in the same quarter a year ago.

Atlanta -- Jones Lang LaSalle said Tuesday it has been named the new leasing and/or property manager for five retail properties in Arkansas, North Carolina, New York and Ohio.

The portfolio, owned by a variety of institutional investors, includes open-air shopping centers and a single-tenant property in Manhattan.

San Jose, Calif. -- Chicago-based General Growth Properties announced that Fresco World Market is slated to open at Eastridge Mall, located in Santa Clara County, Calif., by September.

Fresco will take over a former Circuit City building and will feature the largest produce and seafood departments in the county and the Bay area.

A GGP property, Eastridge Mall is anchored by J.C. Penney, Macy's, Sears, Barnes & Noble, Bed Bath & Beyond, Sports Chalet and AMC Theatres.

DALLAS -- Tuesday Morning's third-quarter sales offered another boost to the home retail segment, albeit not to the extent of Bed Bath & Beyond or Pier 1, which reported 4Q comps of 8.5% and 8.9%, respectively.