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  • Newegg Marketplace starts holiday shopping season right

    Newegg, a leading electronics-focused e-retailer in the United States, is leveraging its record-breaking Black November sales for its Marketplace Division to drive additional sales this holiday season.

    Newegg Marketplace reported sales of 109% year-over-year, making this the second consecutive year of triple-digit growth.

    Newegg has also added Cooking.com, eBags.com, Griffin Technology, Overstock.com, Samy's Camera, Toys "R" Us and Babies "R" Us to its Marketplace this year.

  • New tenants head to East Peoria’s Levee District

    Peoria, Ill. — Called The Levee District, the 86-acre new downtown going up in East Peoria, Ill., will include 500,000 sq. ft. of retail and restaurant space as well as office, hotel and civic components.

    Four new retailers recently inked leases for space in The Levee District.

    Construction is well underway on a 10,400-sq.-ft. space next to Gordmans to be occupied by Shoe Dept Encore. The new store plans to open in the spring of 2014.

  • Trademark and Zapolski form JV to redo Napa Center

    Fort Worth, Texas — Trademark Property Co. and Zapolski Real Estate LLC have announced a joint venture to lead the $25 million redevelopment, now underway, of Napa Center, a 153,000-sq.-ft. retail and hospitality district in the heart of downtown Napa, Calif.

  • Devonshire buys Great Lakes in Mentor, Ohio

    Whitehouse, Ohio — Devonshire REIT has announced the closing of its acquisition of the Great Lakes Plaza shopping center in Mentor, Ohio, a suburb of Cleveland. Michaels and hhgregg co-anchor the center, which is 100% leased.

    Devonshire bought the 81,349-sq.-ft. center from Simon Property Group for $8 million. Goldman Sachs Mortgage Company provided financing.

  • CBRE: Demand will push rents higher in 2014

    Los Angeles — Retail rents in the world’s most expensive markets will rise further in 2014 due to a shortage of available prime locations combined with a lack of new development, according to CBRE Group’s third quarter report on the world’s prime global retail markets.

    Hong Kong (US$4,333 per sq. ft.) remains the world’s most expensive retail market by a substantial margin. Hong Kong houses the highest representation of luxury retailers among all global cities. With a healthy tourist market and a lack of available space.

  • Rolex, Tourbillon, Tod’s, Trina Turk to The Galleria

    Houston — Simon Property Group has announced four new leases for The Galleria in Houston.

    Rolex will open an 1,800-sq.-ft. store next summer in Galleria I. Taking 2,815 sq. ft. Tourbillon will open its first Houston store in Galleria II in the early summer of 2014. Tod’s will debut in Houston with a 2,000-sq.-ft. store opening in Galleria I in early summer 2015. Trina Turk will open a 1.400-sq.-ft. store in the fall of 2014 in Galleria I.

  • Mayfaire Community Center in Wilmington, N.C., signs two anchors

    Wilmington, N.C. — Dick’s Sporting Goods and Marshalls will anchor Phase II of the 203,000-sq.-ft. Mayfaire Community Center in the master-planned 400-acre mixed-use community of Mayfaire in Wilmington, N.C. Harris Teeter anchors Phase I of the center.

  • PacSun grows net income in Q3

    Anaheim, Calif. – Pacific Sunwear experienced explosive growth in net income during the third quarter of fiscal 2013, skyrocketing to $17.2 million from $948,000.

    Net sales fell 4% to $206.6 million from $215.5 million, while same-store sales grew 1%.

  • American Eagle disappoints in Q3, names merchandising exec

    Pittsburgh – American Eagle reported disappointing results for the third quarter of fiscal 2013. Net income plummeted 68% to $24.9 million from $78.6 million, missing Wall Street projections.

    Total net revenue of $857 million decreased 6% compared to $910 million last year. Same-store sales fell 5%.

  • SAP: Social chatter around Black Friday, Cyber Monday rises

    Waldorf, Germany -- Black Friday social mentions more than doubled those of Cyber Monday this year. But a new infographic from SAP shows that consumers felt the most excited and happy about Cyber Monday.

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