Old Navy, LLC

Bronx, N.Y. -- New Rochelle, N.Y.-based Welco Realty Inc., an X Team partner, announced that Daffy’s opened its first store in Bronx, N.Y.  

The retailer opened a store in Bay Plaza Shopping Center, one of the largest strip shopping centers in New York City. Welco Realty negotiated the deal on behalf of the landlord, Prestige Properties & Development Co.  

NEW YORK — Apparel retailers across the board experienced strong sales gains in April, thanks in large part to the inclusion of Easter in this year’s reporting period, leading many to raise their quarterly earnings guidance.

San Francisco -- Gap said Tuesday that it is establishing an international division, based in London, to ramp up overseas growth, and will open its first Old Navy stores abroad -- in Japan -- by 2012.

Gap said it has set a goal for international and online sales to make up 30% of its total by 2013, up from 22% in 2010 and 14% in 2006. The new international division will oversee stores across Europe, the Middle East, North Africa, Asia Pacific and South America.

Gap Inc. wants international and online sales to account for 30% of its revenues within two years and a restructuring announced this week is expected to play a role in facilitating that growth.

The company said it would consolidate four existing international business units into one under the leadership of Stephen Sunnucks, a 30-year retail veteran who joined Gap five years ago.

Cincinnati -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space to Arirang Japanese Bistro at Sycamore Plaza in Cincinnati.

The Japanese Hibachi steak house and sushi restaurant leased 7,600 sq. ft. and is slated to open in the fall. The dining establishment is taking the space formerly occupied by Max & Erma’s restaurant. 

Flushing, N.Y. -- Onex Real Estate Partners said that Payless ShoeSource has opened a new store at Sky View Center, the 800,000-sq.-ft shopping center located below Sky View Parc, Queens’ new mixed-used residential development.

The new 4,200-sq.-ft. Payless location, on level D of the Center, officially opens on April 9.

New York City -- Robert K. Futterman & Associates said that it represented buyer The Georgetown Co. in the acquisition of 35 North State Street, a 60,000-sq.-ft. building in Chicago, for $23 million.

The building is currently net-leased to Old Navy and serves as the retailers’ Chicago flagship.