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  • Mid-America Real Estate names Urban Team VP

    Chicago – Mid-America Real Estate Corporation announced the addition of Lara Keene as VP to the Urban Team. Prior to joining Mid-America Keene was managing director at RKF and part of Baum Realty Group’s tenant and luxury division.

    Keene will be specializing in landlord and tenant representation with a focus on Chicago’s luxury fashion streets and neighborhoods.

  • DSW expanding store base

    Columbus, Ohio -- DSW continues its march across America.

    The footwear and accessories retailer is opening 22 stores this fill, including six locations in new markets.

    "Expanding our store base allows us to grow our footprint in areas we already call home, while also bringing DSW stores and the DSW brand to areas where our customers have been anticipating our arrival,” said Carrie McDermott, executive VP and COO of DSW, which operated 449 stores in 42 states.

  • Dismal Q2 for Kohl’s

    New York -- It’s been a rough week for department stores.

    Kohl’s Corp. joined Macy’s and Dillard’s this week in reporting disappointing earnings and weak same-store sales growth.

    Kohl’s posted a profit of $130 million in the second quarter ended Aug. 1, down from $232 million in the prior-year quarter.

  • Nordstrom avoids the department store doldrums

    In a week in which many of the nation's major department stores reported disappointing financial results, Nordstrom showed once again how to drive sales growth.

    The Washington-based retailer reported that total sales rose 9.2% from the same quarter in 2014, while same store sales rose 4.9%. The company posted a profit of $211 million, or $1.09 a share, compared with $183 million, or 95 cents a share, a year earlier. Revenue, which includes revenue from its credit cards, rose 9% to $3.7 billion. 

  • DSW to expand across America this fall

    DSW's aggressive store expansion plan is still on track, as the retailer looks to tap growth in existing as well as new markets.

    The footwear and accessories retailer says it is opening 22 stores this fall, including six locations in new markets.

    "Expanding our store base allows us to grow our footprint in areas we already call home, while also bringing DSW stores and the DSW brand to areas where our customers have been anticipating our arrival,” said Carrie McDermott, executive VP and COO of DSW, which operated 449 stores in 42 states.

  • Macy’s in real estate deal with Tishman Speyer for Brooklyn store

    New York -- Macy’s has joined the increasing number of retailers tapping into their real estate assets.

    Macy’s on Wednesday announced a real estate purchase agreement with developer Tishman Speyer to sell several of the nine floors of the Macy’s store on Fulton Street in Brooklyn, New York. The real estate transaction is expected to be completed in the fourth quarter, and Macy’s is expected to record a gain of approximately $250 million in its fiscal fourth quarter of 2015.

  • Back-to-school not all about students at Lane Bryant

    Lane Bryant is taking a non-student approach to back-to-school marketing with its third annual Chalk it up to Style promotion.

    Now through Aug. 31, teachers and supporting school staff who shop at Lane Bryant during Chalk it up to Style will enjoy saving 15% off their purchase when shopping in store with a valid school ID or paystub. 

  • REI names former Nordstrom exec as first-ever CIO; recruiting tech talent

    Seattle -- REI has named its first-ever CIO. The outdoor specialty retailer company is also on the hunt for talented techies to join its ranks.

    REI promoted Julie Averill to CIO, where she will continue to lead REI’s technology organization. A 25-year technology veteran, Averill joined REI in 2014 and most recently served as VP of information technology.

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