Retail

New York -- TPG Architecture has promoted Nicole Varadi from senior designer to design director, retail studio.

Varadi, who joined TPG in 2011, will now take on a greater degree of leadership within the retail studio while continuing to work actively on projects. Recently, she helped lead the design of The Red Door, the award winning day spa and beauty boutique in Union Square. She is currently working with brands such as Sundance and Rent the Runway, and is playing an active role in acquiring new business for the firm.

Grand Rapids, Mich. -- Meijer on Monday broke ground on a supercenter in Detroit, on the site of a former high school on the city’s west side. The groundbreaking ceremony comes less than a year after Meijer opened a supercenter at the historical Michigan State Fairgrounds in the Motor City.

Brisbane, Calif. – Bebe Stores Inc. will exit its 2b business by July 5, which is the end of the company’s fiscal 2014. The retailer says this will allow it to increase its focus on the core Bebe brand’s retail and outlet stores, e-commerce and international licensing business.

El Paso, Texas – A 20,000-sq.-ft. retail center is planned to open in El Paso, Texas, this summer. The center will be constructed by EP Riverbend Development and real estate broker Will Brown on a mostly empty site occupied by a single liquor store, which will be torn down.

The center will be called The Substation and offer spaces as small as 800 sq. ft. for rental. Plans include outdoor spaces and seating and a closed pedestrian mall. Construction is set to begin in the fall.

Boston – Specialty men’s apparel retailer Blank Label opens its second store in the Downtown Crossing neighborhood of Boston on June 30. According to CNBC, Blank Label, which opened as an online-only retailer in 2009 and opened its first store in Boston in 2013, plans to open six more new physical stores on the East Coast by 2016.

Los Angeles -- Drybar, the leading blowdry-only salon concept, has received a $20 million investment led by SPK Capital and existing investor, Castanea Partners.
 

Indianapolis -- The Finish Line’s first-quarter profit more than doubled as the retailer expanded its presence online and in Macy's stores nationwide. Its results topped Wall Street estimates.
 
The retailer reported a profit of $12.4 million, compared to $5.1 million in the year-ago period. Revenue was up 16% to $406.5 million. Same-store sales increased 5%.
 

Paterson, N.J. — Planet Fitness will open an 18,000-sq.-ft. facility at 100 Hamilton Plaza in Paterson, New Jersey, the facility will occupy the first-floor retail space in the 175,000-sq.-ft. downtown office tower.

Cushman & Wakefield’s East Rutherford, N.J., office represented the building’s owner, Mountain Development Corp. in the transaction. Ripco Real Estate represented the Planet Fitness franchisee, who operates several other regional locations.