Retail

New York -- Five Below will debut in two Cafaro malls next summer. The three-million-sq.-ft. Eastwood Mall Complex in Niles, Ohio, will welcome a 9,300-sq.-ft. Five Below. The two-million-sq.-ft. Millcreek Mall Complex in Erie, Pa. will get an 8,700-sq.-ft. store in the Millcreek Pavilion.

Hot Head Burrito will also open a 2,000-sq.-ft. location, now under construction, at Eastwood Mall. A young chain, Hot Head Burrito operates more than 50 restaurants in six states.

Foster City, Calif. – Consumers are spending more money via digital commerce than ever before. According to a new survey from Visa and GfK Research, “The Way We Pay,” more than half of respondents are more comfortable spending money online today than five years ago. The data shows that consumers are spending more than they ever have – exceeding $1 billion per day on the Visa network in 188 days since January.

Stein Mart experienced strong sales in linens, ladies' boutique, gifts, ladies' career sportswear and women's in September, which bolstered the company’s total sales for the month.

Total sales were $112.20 million, an increase of 7.3% compared to September 2012. Comparable store sales increased 5% compared to last September’s increase of 2.4%.

Dallas – SAP previewed a mobile app called Snap at its SAP Retail Forum held in Dallas Oct. 7-9. Designed for both tablets and smartphones, Snap is aimed at consumers who purchase items that require DIY assembly.

Cosmetics retailer Lush is turning to Storage Made Easy’s Enterprise File Share and Sync solution with data stored on OpenStack Swift to help improve its global reach.


Lush ran an initial two month trial with 50 people prior to moving forward with the Storage Made Easy solution. They subsequently rolled out the solution in stages, by department, first to 150 people and then on to 300 people, and then again on to 500 people.

“Lush expects to reach more than 1,000 users by the time the solution is fully rolled out," said Jim Liddle, Storage Made Easy CEO.

Roswell, Ga. – PGA Tour Superstores plans to improve operational efficiency and prepare for future growth using the SAP HANA business intelligence platform and the new SAP Customer Activity Repository application.

In an Oct. 8 session at the SAP Retail Forum 2013 in Dallas, Stephen McDonnold, CIO of PGA Tour Superstore, explained how his company and Cognizant Technology Solutions are working with SAP to create an IT environment supporting maximum operational efficiency.

Fremont, Calif. – The Men’s Wearhouse has rejected the unsolicited proposal by Jos. A. Bank to acquire the company for $48 per share, or about $2.3 billion.

Men’s Wearhouse said in a press release that the offer significantly undervalues the company, is inadequate and not in the best interests of the company or its shareholders.

Los Angeles — The U.S. commercial real estate market continued a slow, but steady, recovery in the third quarter of 2013, according to the latest analysis from CBRE Group.

In the quarter, the retail availability rate declined 10 basis points to 12.2% and had fallen 70 basis points from one year ago.