Ulta Beauty

A sizzling Ulta Beauty wowed the Street on Thursday, announcing aggressive store expansion at a time when many brick-and-mortar retailers are cutting back. It also upped its outlook.  

Macerich spent the weekend celebrating the opening of Green Acre Commons, an open-air congregation of big-box retailers adjoining its Green Acres Mall in Valley Stream, New York.   A fixture in the retail scene on the Queens-Nassau County border, the 1.8 million-sq.-ft. mall has served the area for more than 50 years with tenants such as Macy’s, J.C. Penney, Century 21, Express, and American Eagle. Last year, Macerich redeveloped and re-merchandised the south side of the property, creating a new entrance for Old Navy and H&M.

Planning is well under way for the 53rd annual SPECS conference, which will be held at the Gaylord Palms in Kissimmee, Fla., March 12–14, 2017. The event is produced by Chain Store Age and is attended by retail and foodservice executives involved in the planning, design, construction and maintenance of stores and restaurants nationwide.

Park West Village

Location: Cary/Morrisville, North Carolina

Size: Approximately 750,000 sq. ft.

Owner: CASTO

Key tenants: Target, T.J. Maxx, Buy Buy Baby, Ross, PetSmart, Earth Fare, Chili’s, Travinia, Hallmark, Carter’s, Gander Mountain, Stone Theatres, Chico’s, White House Black Market, ULTA, Pier 1, Charming Charlie’s, Firebirds, Blackfinn Ameripub, LOFT, Starbucks

Chain Store Age announced the selection of the Advisory Board for SPECS/2017, the annual retail event for store innovation produced by CSA and attended by retail and food-service executives involved in the planning, design, construction and maintenance of stores and restaurants nationwide.     Now in its 53rd year, SPECS will host its 2017 conference in Orlando, Florida, at the Gaylord Palms, March 12-14. The event will focus on what’s next, and what is shaping the future of retail.  

With few new grocery centers being built, developers are upping the ante on existing ones

Pat Donahue, together with his late brother Dan and business partner Tom Schriber, has been in grocery-anchored shopping centers since the ’90s. That’s when Schriber calculated that the company’s long-term fortunes, which had rested on mall development up until then, would be better wagered on high-traffic “necessity-based” retail.

“At malls you get ’em three times a month.

Ulta Beauty on Thursday posted another spectacular quarter amid surging sales. It was the ninth consecutive quarter that the beauty retailer topped expectations.    Ulta reported net income for the quarter, ended July 30, rose 21.3% to $90.0 million compared to $74.2 million in the year ago period.    Net sales increased 21.9% to $1.07 billion from $877.0 million in the year-ago quarter.   

Ulta Beauty is expanding its popular Ultamate Rewards loyalty program.   The retailer is partnering with  Alliance Data Systems Corp. Alliance will develop and manage the Ultamate Rewards Credit Card, which is designed to enhance the benefits of the chain’s loyalty program.   Alliance will provide private-label and co-branded credit card services for Ulta, the largest beauty retailer in the United States, operating 886 stores nationwide.