Footwear

Birmingham, Ala. -- Bayer Properties will lease and manage Southlake Mall in Morrow, Ga. Macy’s and Sears anchor the 1 million-sq.-ft. enclosed regional mall. Enclosed malls now represent 30% of Bayer’s operating portfolio.

Bayer has also announced the following new leases:

Indianapolis - The Finish Line's first-quarter net income plunged 59% amid start-up costs related to its deal to open branded in-store shops in Macy’s. But the retailer still beat Wall Street expectations. In other news, the company announced a new role for retiring president and COO, Steve Schneider.

The Finish Line earned $5.1 million for the period ended June 1, down from $12.3 million a year ago. Revenue rose 10% to $351.1 million, also beating expectations. Same-store sales were up 2.4%. 

Davenport, Iowa - Von Maur announceed that its newest store, located at the Iowa River Landing in Coralville, Iowa, will open on July 27, 2013.

The 80,000-sq.-ft., free-standing brick store will feature Von Maur's signature exterior entrance and residential ambiance, along with an expansive open floor plan and larger departments that are designed to allow for greater product selection and more easily navigable aisles and common areas.

SAN FRANCISCO — Converse is adding to its roster of stores in key metropolitan areas with the opening of its first location in San Francisco, bringing the leading footwear brand's total of inline locations in the U.S. to five.

San Francisco - Converse has opened its first Northern California location — and its largest store to date — in San Francisco’s Union Square shopping district. With 8,200 sq.ft. of selling space, the store offers a comprehensive assortment of Converse footwear, apparel and accessories, along with an interactive personalization process for designing one-of-a-kind Converse sneakers and clothing.

INDIANAPOLIS — The Finish Line's current president and COO Steve Schneider has announced his plans to retire after 24 years with the company.

Chicago - Belk, the nation's largest family owned and operated department store company, was honored as Innovator of the Year at the 2013 Oracle Retail Excellence Awards. The award recipients were announced at Oracle’s annual Oracle Retail CrossTalk customer event, held June 25 to 27 in Chicago.

Other Oracle award winners included the British department store company John Lewis plc for Outstanding Customer Experience, and Deckers Outdoor, the footwear company,  for Outstanding Business Performance.

Philadelphia -- Madewell, a J. Crew concept, has signed its first lease in Center City Philadelphia, according to broker Fameco Real Estate. The 4,000 sq.-ft. store will be located near Rittenhouse Square. Neighboring retailers include Intermixx, Burberry, Athleta and Blue Mercury. Fameco and Open Realty Advisors both represented Madewell in the transaction.

Both brokers are also representing searching for a 2,500-sq.-ft. location for J. Crew Men on Walnut Street in Philadelphia.