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Target, Inc.

  • CBRE brokers sale of Bryan Towne Center

    Dallas -- CBRE’s National Retail Investment Group arranged the sale of Bryan Towne Center to Lamar Cos. for an undisclosed amount. The 52,268-sq.-ft. retail center serves the Bryan-College Station metropolitan area in Texas.

    Shadow-anchored by an adjacent Target store, the five-year-old center includes six acres of undeveloped land that can accommodate an additional 230,225-sq.-ft. of retail space, said CBRE.

    The center is 66% occupied. Key tenants include Dollar Tree, Rack Room Shoes, Maurice’s and rue21.

  • Stripes names senior VP store ops, and senior VP facilities and construction

    Corpus Christie, Texas -- Susser Holdings Corporation announced that its Striples LLL brand has Sid Keswani as senior VP store operations. Keswani brings to Stripes more than 18 years of retail operations experience with Target, most recently as senior VP for the Southeast region of the United States.

    Stripes announced that company veteran Richard Sebastian has taken on the role of senior VP of facilities, construction and will be responsible for the company's maintenance, new store and capital expenditure programs.   

  • Target expanding beauty concierge program to 190 locations by yearend

    Minneapolis -- Target said it will introduce its Beauty Concierge program to 27 stores in Washington D.C., Northern Virginia and Baltimore on June 28. The program calls for an on-staff “Beauty Concierge” – a trained, brand-agnostic beauty advisor – who provides personal-care advice and beauty tips in the Target beauty aisle.

  • Amore opens at SkyView Center

    Queens, N.Y. -- South Korean skin care brand Amore has opened a 1,600-sq.-ft. store at The Shops at SkyView Center. The new store, which grand-opened on May 24, is located on Level B and joins Restoration Hardware Outlet, Target, Carter’s, BJ’s Wholesale Club, Marshall’s, Old Navy, Bed Bath & Beyond and Best Buy, among others.

  • Hobby Lobby to make Oregon debut

    Albany, Ore. -- Vintage Real Estate said that it has signed a lease with Hobby Lobby for a 61,000-sq.-ft. store at the Heritage Mall, marking the arts-and-crafts retailer’s first location in Oregon.

    Hobby Lobby will be located in a former Gottschalks space.  It is expected to open in the first quarter of 2014. “Our ability to quickly fill this long-vacant space is a major step in the execution of our renovation and repositioning plans for Heritage Mall,” said general manager Betsy Penson.

  • Limited Editions For Her to open at The Shops at SkyView Center

    Queens, N.Y. -- Onex Real Estate Partners announced its latest lease deal for The Shops at Sky View Center, as fashion boutique Limited Editions For Her will open a 4,000-sq.-ft. store at the Flushing, Queens center.

    The store will be located across from Old Navy on Level D and is slated to open in June. “Obtaining a retail space at The Shops at SkyView Center is the perfect vehicle for Limited Editions For Her to continue its New York expansion and broaden its customer base,” said Brad Guth, VP retail for Limited Editions For Her.

  • Macy’s, Target file suit against Visa and MasterCard

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  • Target Q1 profit plunges 29%; lowers full-year outlook

    Minneapolis -- Target Corp. reported a 26% drop in its first-quarter profit as unseasonably cool weather, the payroll tax increase and other economic pressures took a toll on sales.

    Target earned $498 million the three months ended May 4, down from $697 million in the year-ago period. Sales rose 1% to $16.71 billion.

    Same-store sales fell 0.6%. The number of transactions fell 1.9%.

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