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Retail

  • The Bon-Ton Stores enters Utah market

    The Bon-Ton Stores has signed a lease with Rouse Properties for a new Herberger’s store at Cache Valley Mall in Logan, Utah — its first in the state. 

    The company expects to begin remodeling the 62,000-sq.-ft. facility in early spring 2014 and to be completed in the second half of 2014.

  • The Container Store teams with BorderFree to take e-commerce global

    New York -- E-commerce solution-provider Borderfree said it has partnered with The Container Store to expand the chain’s international e-commerce reach in time for the holidays.

    Previously only accessible to consumers in the U.S., and Canada, The Container Store’s online product offerings are now available to consumers in Australia, India, Mexico, Germany, France, Japan, Switzerland, Russia, and the U.K.

  • Family Dollar’s consumables bolster fourth quarter results

    Family Dollar saw strong growth in refrigerated and frozen food, health aids and tobacco, which buoyed sales in consumables to 8.3% for the fourth quarter ended Aug. 31. Despite the increase, comparable store sales for the quarter were flat. 

    The company’s total net sales for the quarter increased 5.8% to $2.5 billion compared with total net sales of $2.4 billion in the fourth quarter of fiscal 2012. However, customer traffic and the average customer transaction value were flat during the quarter. 

  • ICSC poll: Most voters support online sales tax collection

    Washington, D.C. -- Some two-thirds of Americans say they support the Federal e-Fairness legislation calling for collection of online sales tax at the time of purchase.

    A national poll conducted by the International Council of Shopping Centers found that a majority of Americans feel it would be far easier to pay sales or use tax on online purchases at the time-of-purchase. The poll also showed an increase in support among voters for federal legislation that would restore basic free market principles for brick-and-mortar retailers.

  • Costco comps up for the fourth quarter

    Changes in foreign exchange rates had a negative impact on Costco’s comparable store sales for the fourth quarter ended Sept. 1, but the wholesaler still reported increases in both its U.S. and international markets.

    The company’s comparable sales for the quarter increased 5%. U.S. comparable store sales increased 5% for the quarter, while international comparable store sales increased 4%.

  • New dining and retail leases for Miracle Mile Shops

    Las Vegas — Miracle Mile Shops at Planet Hollywood resort & Casino has announced the opening of four new restaurants and retailers.

    Meatball Spot will bring its Italian cuisine to Miracle Mile Shops this winter. Ketchup Premium Burger Bar will open its doors in November. Tervis will follow in December. Shoe Palace plans to open in February 2014.

    Miracle Mile Shops is a 1.2 mile retail/entertainment complex at the heart of the Las Vegas Strip. It features 170 specialty stores, 15 restaurants and live entertainment venues.

  • Penney names Saks CEO Stephen Sadove to board

    Plano, Texas -- J.C. Penney Co. announced that departing Saks Inc. CEO and chairman Stephen Sadove has been elected to its board of directors.

    Sadove's  election is effective upon his leaving Saks, which will occur once the acquisition of the upscale department store by Hudson's Bay Company is completed, which is expected by the end of the year.

    Sadove is a highly regarded industry veteran. He is the current chairman of the National Retail Federation.

  • Palmetto Gardens pays off loan, avoids foreclosure, signs Wal-Mart

    Miami Gardens, Fla. — The owners of Palmetto Gardens Plaza, a 7.1-acre center in Miami Gardens, have reached a settlement with PNC Bank, secured a new loan with Hudson Financial Services and signed a lease with Wal-Mart for a Neighborhood Market Store as its anchor tenant.

    In January of 2010, PNC Bank filed a foreclosure action against Palmetto Design Center, the property owner. That action has been settled.

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