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Retail

  • Report: Abercrombie plans 100 China stores

    New Albany, Ohio – Abercrombie & Fitch Co. reportedly plans to open 100 new stores under both its marquee and Hollister banners in China. According to China Daily, Abercrombie seeks to expand its presence in China during the next 10 years, and will also open a dedicated Chinese e-commerce site.

  • Macy’s has less than magical Q1

    The nation’s leading department store retailer overcame weak first quarter sales to muster a 3.2% profit improvement and expressed confidence in its performance the remainder of the year.

    The company’s first quarter earnings per share of 60 cents was a penny better than analysts forecast and a 9% improvement from prior year earnings of 55 cents. However, sales declined 1.7% to nearly $6.3 billion while same store sales, excluding sales from departments licensed to third parties, fell 1.6%.

  • New Orleans opens the first downtown outlet center

    For a couple years now, outlet centers have been moving from the outskirts of cities closer and closer to downtown. Howard Hughes Corp.’s Outlet Collection at Riverwalk is the first to make it all the way downtown — into the center of the newly rebuilt New Orleans.

    Slated to open on Memorial Day weekend, the former 200,000-sq.-ft. Riverwalk Marketplace has expanded into a 250,000-sq.-ft. outlet center following a $70 million redevelopment.

  • Big Lots takes 31,000 sq. ft. in Revere, Massachusetts

    Burlington, Mass. — Big Lots has signed a lease for 31,000 sq. ft. at Wonderland Marketplace in Revere, Massachusetts. KeyPoint Partners represented the landlord in the transaction.

    Wonderland Marketplace is a 135,000-sq.-ft. shopping center anchored by Marshalls and Staples. In line tenants include Hair Cuttery, Ninety-Nine restaurant, and the U.S. Post Office. The Big Lots space is in a former Stop & Shop. Another 33,687 sq. ft. is available for lease in that building.

  • Starbucks expanding in Latin America

    Seattle -- Starbucks Coffee Company is expanding its presence in Latin America, with plans to open locations in Colombia, Bolivia and Panama.

    Starbucks said it is on track to open its first store in Colombia, in the city of Bogota, in mid-summer 2014 through a joint venture between two of its longest-term business partners in the Latin America region – Alsea and Grupo Nutresa. During the next five years, the joint venture plans to expand aggressively in Bogota and to other major cities in Colombia.

  • Unleashed by Petco to hang 10 with surfer dogs

    Unleashed by Petco is taking over the reins of the largest surfing dog competition in the United States. Fifty dogs are expected to participate in this year's Surf Dog competition, which will be held July 13 in Imperial Beach, Calif., adjacent to the pier.

    Lowe’s hosted the competition for the past eight years. Unleashed by Petco is ready to take the helm and take things to “the next level.”

  • CoreMedia upgrades digital engagement tool

    Tampa, Fla. - CoreMedia, a web content management (WCM) company, has released CoreMedia LiveContext 2.0, a next-generation digital engagement application integrated with IBM WebSphere Commerce that empowers e-commerce and marketing professionals to transform their online stores with deeper, more visually appealing and immersive experiences.

  • Sales at Stater Bros. up despite Easter holiday shift

    Stater Bros. chairman, president and CEO Jack H. Brown was pleased with the company’s second-quarter performance especially given the challenging environment.

    Consolidated sales in the 13 weeks ended March 30 totaled $963.8 million, up $1.9 million (or 0.2%) from the previous year. Sales for the 26 weeks ended March 30, 2014 were $1.95 billion, representing a $17.2 million (or 0.9 %) increase from the same period in the prior year.

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