Apparel

Houston — Jones Lang LaSalle’s Capital Markets group has closed the sale of Northwest Crossing Centre, a 179,469-sq.-ft., fully leased shopping center in Houston. USA Properties purchased the property from Weingarten Realty. JLL secured 10-year, fixed-rate financing for the acquisition.

Sport Chalet kicked off the holidays with strong Black Friday weekend and Cyber Monday sales figures and anticipates further growth for the duration of the shopping season.

Black Friday weekend comparable sales were up 17.1% compared to 2012, and Cyber Monday comparable sales increased by 34.8%.

Discount online shopping retailer Overstock.com has added prescription brand-name glasses and sunglasses to its website.

"Adding prescription eyewear to the Overstock website, with great names at great prices, seemed a natural fit," states Overstock.com chairman and CEO Patrick M. Byrne. "Unbeatable prices, fashionable styles, ease of ordering, stellar customer service, made the whole concept work for us and for our customers."

Foothill Ranch, Calif. -- The Wet Seal announced a partnership with AwesomenessTV on reality series, "The Intern." AwesomenessTV, one of the most subscribed to video destinations for teens on YouTube, debuted the series on Nov. 25 and will air four weekly installments throughout the month of December.

Seattle -- REI will open a store in Fairbanks, Alaska, in the spring of 2014.

The 30,000-sq.-ft. store will house a bike shop, and ski and snowboard shop offering assembly and repair services, and host free in-store classes.

"Whether hiking, skiing or practicing yoga, Alaskans are some of the most active people in the country," said Kevin Golic, REI retail director for the Washington and Alaska district.

REI has a long history in Alaska, dating back to its store in Anchorage, opened in 1979.

Seattle -- Nordstrom announced plans to open a Nordstrom Rack at Livingston Center in Livingston, N.J. The approximately 32,155-sq.-ft. store is scheduled to open in fall 2014.

The developer for the project is G&S Investors.

"We're excited about the opportunity to open our third Nordstrom Rack in New Jersey at a great location in the Livingston community," said Geevy Thomas, president of Nordstrom Rack.  

Akron, Ohio – Jared, The Galleria Of Jewelry is launching its "12 Days of Giveaways" sweepstakes for Facebook fans and Twitter followers now through Dec. 13. The campaign, introduced last year, gives customers the chance to enter to win daily prizes featuring brands available at Jared.
 

Burlington, N.J. – Burlington Coat Factory shrunk its net loss to $7.4 million from $16.8 million during the third quarter of fiscal 2013, compared to the same period a year earlier.

The retailer also increased net sales 10% to $1.06 billion, from $967.9 million.

Burlington said the net sales increase was primarily attributable to a $53.2 million increase in sales related to new stores and stores previously opened that are not included in same-store sales, and a $37 million, or 3.9%, increase in same-store sales.

New York -- Fifth & Pacific Companies will sell its Lucky Brand Jeans division to an affiliate of Leonard Green & Partners for $225 million as it focuses on its fast-growing Kate Spade brand.

"We believe that by focusing all of our resources on the huge opportunity at Kate Spade, we can deliver the strongest value creation opportunity for our shareholders,” said William L. McComb, CEO of Fifth & Pacific (formerly known as Liz Claiborne). “This is all about bringing Kate Spade to its full potential.”

Vancouver, British Columbia -- Lululemon Athletica Inc. on Tuesday named Laurent Potdevin as CEO, and also announced founder Chip Wilson will step down as non-executive chairman. Potdevin, most recently president of Toms Shoes, will replace Lululemon’s current CEO, Christine Day, in January, and will also become a director at that time. Prior to Toms, he served as president and CEO of Burton Snowboards from 2005 – 2010.