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Retail

  • Kinney Drugs names new president

    Gouverneur, N.Y. -- Kinney Drugs Inc. announced that Jim Spencer, formerly COO, has been promoted to president of Kinney Drug stores. In this expanded role, Spencer will be responsible for the total customer experience and strategic growth of our retail drug stores.

    In addition to overseeing pharmacy and retail operations, marketing, and merchandising, he will assume oversight responsibilities for logistics.

     

  • Foot Locker delivers solid Q2

    NEW YORK — Despite experiencing some challenges, particularly in the U.S., Foot Locker reported a comparable-store sales of 1.8% for the second quarter ended Aug. 3.

  • Times Square Mall welcomes Hobby Lobby

    Mount Vernon, Ill. — Hobby Lobby has signed a lease for 52,729 sq. ft. at Times Square Mall in Mount Vernon, Ill., and plans to open in the first quarter of next year, according to Pine Tree Commercial Realty LLC.

    Pine Tree owns the 269,328-sq.-ft. center, anchored in partnership with The Sansone Group and Wanxiang America Real Estate Group.

     

  • Bashas makes LED lights standard for new stores and retrofits

    Durham, N.C. -- Supermarket retailer Bashas has installed energy-efficient LED lighting from Cree in its Tempe, Ariz., location. The newly renovated store features luminaires powered by Cree TrueWhite technology, with an anticipated energy savings of 47% over the store’s previous design.
     

  • JLL takes on five new retail assignments

    Chicago — Jones Lang LaSalle Retail has announces five new retail assignments. They are:

    • Tenant representation services for Pure Barre, a growing fitness franchise.

    • Leasing and management for the 802,275-sq.-ft. Coventry mall in Pennsylvania.

    • Leasing assignment for an 11-building 817,000-sq.-ft. portfolio of strip centers in SoCal.

    • Leasing for a 12-building, 165,100-sq.-ft. portfolio of street-level retail space in New York City on behalf of Equity Residential Management.

  • Aeropostale swings to Q2 loss; increases store closings

    New York -- Aeropostale posted a loss of $33.7 million for the fiscal second quarter that ended Aug. 3, compared to a profit of $71 million a year ago. The teen retailer issued a weak outlook, and upped the number of stores that it plans to close.

    Sales decreased 6% to $454.0 million from $485.3 million a year ago. Same-store sales, including the e-commerce channel, fell 15%.

    The retailer said it now plans to shut down 30 to 40 Aeropostale locations this fiscal year. Previously, it had stated its plans to close 15 to 20 stores.  

  • Walmart U.S. CEO promotes Made in the USA initiative

    In advance of the Walmart-led U.S. Manufacturing Summit held in Orlando, Walmart U.S. president and CEO Bill Simon wrote an op-ed piece for the Huffington Post titled, "Reviving U.S. Manufacturing Key to Rebuilding the Middle Class." In it, Simon alludes to the vanishing middle class — which found themselves jobless as products once produced in the U.S.

  • Walmart Canada opens first of nine Maritime supercenters

    Saint John, New Brunswick -- Walmart Canada grand-opened a 129,000-sq.-ft. superstore in Saint John, New Brunswick, on Friday, the first of nine “Maritime Supercenters” planned for the country by Jan. 31, 2014, said the retailer.

    The newly redeveloped store, which signals the launch of Walmart Canada’s Maritime sourcing program for produce, features a fresh grocery section that will serve as a prototype for all Maritime supercenters.

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