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Apparel

  • Carter’s, Osh Kosh B’Gosh to open at Towne Centre at Laurel

    Laurel, Md. -- Greenberg Gibbons announced that Carter’s and OshKosh B’Gosh are opening a combined store at Towne Centre at Laurel, the new $130 million destination on Route 1 in Laurel, Maryland.

    Carter’s and OshKosh B’Gosh will open a 7,077-sq.-ft. store in April 2015.  

  • NRF: Retail sales to rise 4.1% in 2015 in biggest increase in five years

    Washington, D.C. -- Retail sales (excluding automobiles, gas stations, and restaurants) will increase 4.1% in 2015, up from 3.5% in 2014, according to the National Retail Federation’s 2015 economic forecast. The increase would mark the biggest annual growth since 2011 when retail sales for the year increased 5.1%. Non-store sales in 2015 are expected to grow between 7% and 10%.

  • Shopko exec becomes new Jo-Ann CEO

    Jo-Ann Fabric and Craft Stores has named a new chief executive after announcing the search for a new leader in August.

    The company announced the appointment of Jill Soltau as president, chief executive officer and a member of the board of directors of the company, effective March 2. Jim Kerr, who served as interim CEO, will continue as EVP and CFO of the company.

  • SAS to open at The Village at Waugh Chapel

    Gambrills, Md. -- Greenberg Gibbons announced that SAS is opening a new 2,596-sq.-ft. shoe store at The Village at Waugh Chapel, a mixed-use development in Gambrills, Maryland.

    The new store is expected to open in March 2015, located next to Coldstone Creamery and Fuji Modern Asian Cuisine & Sushi Lounge. It joins Safeway, Chipotle, LA Fitness, Marshalls, Homegoods and more.

  • Report: Sycamore pursues $3 billion Chico’s deal

    Fort Myers, Fla. – Chico’s FAS Inc. may be the next big-name retailer to undergo an acquisition. Private equity firm Sycamore Partners is reportedly pursuing a $3 billion acquisition of the specialty women’s apparel retailer.

    According to Reuters, Sycamore already has an agreement in principle to acquire Chico’s, contingent upon obtaining financing. However, Sycamore may be having difficulty finding a bank or banks willing to allow as much debt as the company is looking for.
     

  • JCR acquires Maryland shopping center for $22 million

    Washington, D.C. -- The JCR Companies has acquired Manokeek Village Shopping Center in Accokeek, Maryland, just 10 minutes from the Washington, D.C. Beltway, for $22 million. The seller was Klaff Realty.

    The 90,172-sq.-ft. grocery-anchored shopping center is located at the intersection of Manny and Berry Roads in Prince George’s County.

    Anchored by Giant Food, Manokeek Village is more than 90% leased to a lineup of retailers including Starbucks, Wendy’s Advance Auto, SunTrust Bank, and 7-Eleven.

  • Redevelopment draws national tenants to Coralwood Center

    Cape Coral, Fla. -- Stiles Realty announced 57,829 sq. ft. of leasing activity at Coralwood Center, one of the largest power centers in Cape Coral, Florida. HomeGoods and Ulta signed new leases totaling 33,819 sq. ft. in fourth quarter 2014. At the same time, anchor tenant Bealls Outlet has signed a lease to expand into a new 24,010-sq.-ft. store, increasing the center's occupancy to 81%.

  • Ascena Retail Group names CFO

    Mahwah, N.J. -- Ascena Retail Group has appointed Robb Giammatteo to serve as CFO. He joined Ascena in 2013, as senior VP of financial planning and analysis and investor relations.

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