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Retail

  • Domino’s enjoys strong same-store sales

    Ann Arbor, Mich. -- Pizza chain Domino’s, Inc. reported a 6.2% increase in domestic store sales during first quarter 2013, compared to the same quarter a year earlier.

    Domino’s also reported 6.5% international same store sales growth and added a net 75 global stores. Net income increased from $20.7 million to $34.4 million, an almost 66% jump.

    As of March 2013, Domino’s operates 10,330 global stores, including 4,923 domestic locations.

     

  • Petco to open at Hamilton Plaza

    Hamilton Township, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Petco will open a store at Hamilton Plaza, located in Hamilton Township, N.J.

    The pet supply retailer leased 13,640 sq. ft. at the 175,515-sq.-ft. center which is anchored by ShopRite and A.C. Moore. Other tenants include Sleepy’s, Dollar Tree, Hallmark, New Wave Wireless, Moe’s Southwest Grill and Texas Roadhouse.   

     

  • Aeropostale Jury: Finazzo must forfeit $25-plus million

    New York -- A Monday report by Bloomberg said that ex-Aeropostale executive Christopher Finazzo – convicted last week on 14 counts of  fraud against the retailer – has been order to forfeit more than $25 million.

    Jurors unanimously found that Finazzo must turn over $25.79 million in cash, interest in four Calverton, N.Y., properties and as much as $300,000 from a trading account, according to the Bloomberg report, which cited a statement by Robert Nardoza, spokesman for Brooklyn U.S. Attorney Loretta Lynch.
     

  • Kohl’s opens West Coast IT office

    Menomonee Falls, Wis. -- Kohl’s Corp. said Monday that it has opened a new IT office in Silicon Valley. The 52,000-sq.-ft. office space in Milpitas, Calif., will be an extension of the IT team at the company’s Menomonee Falls, Wis., corporate office and will initially employ 30-plus Kohl’s associates with the potential to accommodate future growth, said the retailer.

  • AutoZone teams with APT on strategic initiatives

    Washington, D.C. -- Applied Predictive Technologies said Monday that AutoZone has extended its relationship with APT to license APT’s Test & Learn Management System on a long-term basis.

    AutoZone will continue implementing the Test & Learn Management System to assess strategic marketing, capital expenditure, merchandising, labor, and store operations initiatives.

  • Survey: Shoppers turn focus to saving money

    Austin, Texas -- Survey results by coupon site RetailMeNot revealed Monday that the vast majority of consumers believe that saving money is important.

    According to the Shoppers Trend Report, conducted by The Omnibus Co. for RetailMeNot, 93% of consumers say they believe that saving money in their everyday lives is important. The survey also found that 61% are saving about the same or more money per month than they were five years ago.

  • Blink Fitness to debut new New Jersey club

    Lodi, N.J. -- Charter Realty & Development said that Blink Fitness will open a 20,000-sq.-ft. facility in Lodi, N.J.

    The fitness facility operator has grown to 13 locations in the New York Tri-State area, with another approximately 15 openings scheduled over the next 12 months.

     

  • Jo-Ann Fabric to open at Fox Run

    Prince Frederick, Md. -- Brixmor Property Group announced that Jo-Ann Fabric and Craft will open a 12,020-sq.-ft. store at Fox Run, located in Prince Frederick, Md.

    Brixmor, based in New York City, is the owner of Fox Run.

     

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