Retail

New York -- Century 21 Department Store will unveil its expanded flagship location in downtown Manhattan on April 9. The retailer has added three new selling floors, for a total of six floors and over 225,000 sq. ft. of shopping.

Schnucks Markets unveiled a smaller format with the opening of its store in Ballwin, Mo. Comprised of a 40,000-sq.-ft. ground floor and a 5,000-sq.-ft. mezzanine, the supermarket combines the inviting ambience of a neighborhood market and easy-to-navigate layout with an updated array of amenities. The space is designed to promote shopper interaction and to spotlight fresh and prepared foods.

Chandler, Ariz. -- Simon Property Group announced Friday that it opened Phoenix Premium Outlets, the upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.   
 

New York -- Amazon will cement its position as major retail price setter for years to come by exploiting its logistics opportunity, according to a new ResearchFarm report.

Henderson, Nev. -- One of Southern Nevada’s largest shopping centers is set to undergo a $7 million renovation, its largest since it opened in 1996. According to mall owner, Cleveland-based Forest City Enterprises, construction is scheduled to begin early April and is slated for completion in the fall.

Boutique Talulah will join H&M in the newly renovated mall. Bath & Body Works and Express stores will relocate to new locations inside the center.

New York -- Jewelry sales are expected to grow more than 11% in the second quarter and 9% overall this year, according to a new IBM Big Data-based forecast.

According to the analysis, improved consumer confidence, lower unemployment and enhanced stock dividends from fourth quarter 2012 have combined to leave people ready to start spending on luxury items again, like jewelry.

St. Clairsville, Ohio -- Youngstown, Ohio-based Cafaro Co. said Wednesday that MC Sports will debut in the area with a new store at Cafaro’s Ohio Valley Mall, in St. Clairsville, Ohio, in July.

The new store will be located next to Sears, occupying nearly 23,000 sq. ft. of retail space.

San Francisco -- Jamestown said Wednesday it has acquired a real estate portfolio in downtown San Luis Obispo, Calif., comprised of 86% retail and 14% office space in open-air, multi-story settings.

The retail component, purchased from Copeland Properties, consists of seven assets, the most notable being Court Street Centre and Downtown Centre, and totals approximately 195,000 sq. ft. The portfolio also includes 28,000 sq. ft. of office space in three separate properties.