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Retail

  • Cushman & Wakefield appoints retail services leader

    New York City -- Cushman & Wakefield announced that Matthew Winn has been appointed senior managing director, U.S. Retail Services Leader. He will be based in Cushman & Wakefield’s Atlanta office.

    Previously, Winn served as managing director for Cushman & Wakefield’s retail consulting group. 

  • Hibbett net income soars in Q1

    BIRMINGHAM, Ala. — A few days after Dick's Sporting Goods reported higher-than-expected earnings, Hibbett Sports posted even more impressive sales and income growth. Hibbett Sports reported that net sales for the first quarter increased 10.4% to $203.7 million compared with $184.5 million for the same period last year. Comparable-store sales increased 6.8%.

  • Village of Rochester Hills adds to tenant roster

    Rochester Hills, Mich. -- Birmingham, Mich.-based Robert B. Aikens & Associates LLC announced the addition of two new tenants, Portrait Innovations and Flat Top Grill, to its Village of Rochester Hills lifestyle center project in Rochester Hills, Mich.  

    The Village of Rochester Hills Portrait Innovations location, which opened May 10th, is the company’s eighth store in Michigan.  Flat Top Grill will replace Baja Fresh as one of the center’s nine eating establishments. 

  • Daffy’s opens store in Bay Plaza Shopping Center

    Bronx, N.Y. -- New Rochelle, N.Y.-based Welco Realty Inc., an X Team partner, announced that Daffy’s opened its first store in Bronx, N.Y.  

    The retailer opened a store in Bay Plaza Shopping Center, one of the largest strip shopping centers in New York City. Welco Realty negotiated the deal on behalf of the landlord, Prestige Properties & Development Co.  

  • Cost Plus narrows loss

    Oakland, Calif. -- Cost Plus reported a narrower loss of $3.4 million for its first quarter, compared with a net loss of $10.3 million for the same period in 2010.

    Revenue increased 6% to $199.7 million, from $188.6 million.
     

  • Subway to open 2,000 North American locations in 2011

    Milford, Conn. -- Subway Restaurants said Friday that more than 2,000 franchisees are actively searching for locations slated for 2011 openings.

    In order to reach its development goals, the chain said that a contingent of Subway representatives will be manning the brand’s booth at the International Council of Shopping Centers’ RECon convention, May 23 to 25, in Las Vegas.

  • Foot Locker Q1 profit soars 76%

    New York City -- Foot Locker said on Thursday that its first-quarter profit jumped 76% as sales rose sharply. The retailer, which has benefited from efforts to cut costs and close dozens of poorly performing locations, said it earned $94 million for the quarter that ended April 30.

    Sales increased 13% to $1.45 billion, from $1.28 billion a year earlier. Same-store sales rose 12.8%. The results easily beat the average estimates of analysts.

  • Select Kroger stores selling Bombay Furniture-branded home decor

    New York -- Bombay Company said Kroger Co. has introduced select Bombay furniture, accessories and gifts at 180 of its stores, Furniture Today reported. 

    The merchandise mix includes “mirrors, vases and novelty accents, as well as furniture pieces such as chairs, upholstered pieces, accent tables and iconic Bombay coffee tables," Bombay said in a release. 

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