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  • CityTarget in Chicago to feature Pret A Manager

    New York City -- Target announced that the British take-out chain Pret A Manager will open a location in CityTarget in Chicago.

    The new, smaller Target format is set to open in the Windy City in 2012.

  • Starbucks CEO cancels speech at church

    New York City -- Howard Schultz, CEO of Starbucks, cancelled a speech he was to give Friday at The Global Leadership Summit, an annual leadership summit organized by megachurch Willow Creek Community Church, South Barrington, Ill., after an online petition condemned the congregation as anti-gay. The church denies the charges.

    The annual event draws tens of thousands of viewers via satellite. Past speakers have included former GE's Jack Welch former president Bill Clinton.

  • Two new restaurant leases signed for Clayton Valley Shopping Center

    Concord, Calif. -- Jacksonville, Fla.-based Regency Centers said it has leased space to two new restaurant tenants at Clayton Valley Shopping Center, located in Concord, Calif.

    Five Guys Burgers and Fries has leased 2,400 sq. ft., and Dickey’s Barbecue Pit will open fall 2011 in a 1,740-sq.-ft. space.

    The 260,000-sq.-ft. shopping center is anchored by Orchard Supply Hardware alongside national retailers such as Ross Dress for Less, Fresh & Easy and CVS/pharmacy.
     

  • PREIT announces new retail leases

    Philadelphia -- Pennsylvania Real Estate Investment Trust announced that almost half-a-million sq. ft. of leasable space was signed or opened across its mall portfolio since the end of April.

    According to PREIT, leases have been executed with J.C. Penney, Nordstrom Rack, Bravo Cucina Italiana and Forever 21 at Willow Grove (Pa.) Park, in the reconfigured space formerly occupied by Strawbridge’s.

  • NPD report: U.S. restaurant count down by 9,450 from last year

    Chicago -- A Tuesday report by NPD Group said that U.S. restaurant unit counts declined by 2%, which translates to a loss of 9,450 restaurants since last year.

    According to the report, most of the total unit declines were independent restaurants. Chain restaurant unit counts remained relatively stable, according to NPD research.

  • McDonald’s sales up 5.1% in July

    Oakbrook, Ill. -- McDonald's Corp. said Monday that its global same-store sales climbed 5.1% in July, buoyed by ongoing strength abroad and sales of its McCafe beverage and staples such as Chicken McNuggets.

    By segment, same-store sales rose 5.3% in Europe. The Asia/Pacific, Middle East and Africa experienced a 4% gain, while the United States posted a 4.4% increase.

    Last month McDonald's reported a 15% increase in second-quarter net income as it continued to entice customers to buy new menu items.
     

  • Dinner and a movie on the cheap with Blockbuster and Boston Market

    GOLDEN, Colo. — Blockbuster Express has teamed up with Boston Market for a dinner and a movie deal. Boston Market will offer a voucher for a one night $1 DVD rental with any meal purchased after 5 p.m.

    Now through Sept. 10, the “Dinner & A Movie” deal is offered at Boston Market restaurants nationwide. The offer is valid with a minimum $5 purchase before taxes and only one receipt per total purchase per visit. Users will have until Sept. 30, to use the “Dinner & A Movie” voucher from Blockbuster Express.

  • Two new leases signed at The Shops at Highland Village

    Highland Village, Texas -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to two new tenants at The Shops at Highland Village, located in Highland Village, Texas.

    Soma Intimates will open a 2,793-sq.-ft. store in August, and local women’s and children’s retailer Megan’s Lifestyle Boutique has leased 2,000 sq. ft. for an October opening.

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