Retail

Chicago -- Urban Retail Properties, LLC said it has been awarded the contract by Garrison Investment Group to provide management and leasing services for four regional shopping centers, effective immediately.

Urban will assume third-party responsibilities for Chapel Hills Mall (Colorado Springs, Colo.), Central Mall (Salina, Kan.), Decatur Mall (Decatur, Ala.) and Lakeshore Mall (Gainesville, Ga.).

Boston -- City Sports will open its 19th store, in Wellesley, Mass., during the last week of September. The location features a dramatic façade, with a wraparound steel awning and tall windows that showcase the interior design and product assortment. Inside, an interactive electronics room offers shoppers the use of in-store iPads to access information about products on the company's website as well as the ability to wear-test headphones

HOFFMAN ESTATES, Ill. — Kmart announced that it is launching the Latina Smart Fund in celebration of National Hispanic Heritage Month. Promoted through Kmart's Latina Smart Facebook page, the Latina Smart Fund will award $25,000 in scholarships to graduating high school seniors and/or students currently enrolled in college, technical or trade schools.   

Plymouth Meeting, Pa. -- Fameco Real Estate, L.P. said that its property management division, Fameco Management Services, has been awarded two new assignments from Titanium Real Estate Advisors totaling 88,000 sq. ft.

Designers Court is a 78,000-sq.-ft. shopping center located in Marlton, N.J., anchored by Atlas Interior Home Fashions, Kroungold’s Furniture, Mixellaneous, ABC Discount Appliances and Toppers Salon and Health Spa.

BENTONVILLE, Ark. — Sam's Club has announced the availability of three new proprietary brands found exclusively at Club locations nationwide: Simply Right, Artisan Fresh and Daily Chef. 

The products under the three brands were previously all available under the Member's Mark brand. Sam's Club said it decided to break out the labels after research determining members' priority needs in health and wellness, fresh, flavorful meal solutions and everyday cooking.

Cincinnati -- The Kroger Co. said Thursday that its board of directors has approved a $1 billion share repurchase program.

The new program replaces an existing authorization that has about $213 million remaining. The authorization is expected to be used over the next 12 months, according to Kroger.
 

Washington, D.C. -- A report released Thursday by Bloomberg said that U.S. consumer confidence held last week at the second-lowest level of 2011 as the highest number of households in three years said it was a bad time to spend.
 
The Bloomberg Consumer Comfort Index was minus 49.3 in the period to Sept. 11, near the 2011 low of minus 49.4 reached in May. The buying climate gauge slumped to the lowest level since October 2008.

Suffern, N.Y. -- Ascena Retail Group, owner of the Dressbarn, Maurices and Justice chains, reported Wednesday that net income for the quarter ended July 30 fell to $28.2 million, from $42 million in the year-ago period on one-time charges and a shorter quarter for the performance slide.