Apparel

Milwaukee -- Chicago-based HSA Commercial joined leaders from the City of Wauwatosa to celebrate the groundbreaking of Phase I of The Mayfair Collection, a large-scale, mixed-use development at Highway 45 and Burleigh Street in suburban Milwaukee.

Phase I of the project will consist of adaptively repurposing functionally obsolete warehouse buildings along Highway 45 into new, contemporary retail environments.

Queens, N.Y. -- Onex Real Estate Partners announced its latest lease deal for The Shops at Sky View Center, as fashion boutique Limited Editions For Her will open a 4,000-sq.-ft. store at the Flushing, Queens center.

The store will be located across from Old Navy on Level D and is slated to open in June. “Obtaining a retail space at The Shops at SkyView Center is the perfect vehicle for Limited Editions For Her to continue its New York expansion and broaden its customer base,” said Brad Guth, VP retail for Limited Editions For Her.

New York -- MPI has reported a significant increase in leasing volume within its core retail portfolio during the first four months of 2013 vs. the same period last year.

As of May 1, MPI has executed 23 new lease deals, many with new to the market tenants, representing a total of 113,900 sq. ft. throughout its national retail portfolio.  

On a year-over-year basis, the company has seen the number of new leases grow by 28%.
 

Charlotte, N.C. -- Beachwood, Ohio-based DDR Corp. has announced the opening of Belgate Shopping Center, the company's first ground-up domestic development in over four years.

Belgate is a 100% leased, 900,000-sq.-ft. prime power center located in Charlotte, N.C., anchored by Ikea, Walmart and a complimentary lineup of junior anchors including Marshalls, Ulta, Old Navy, Petco, Cost Plus World Market, Hobby Lobby and Shoe Carnival.

Columbus, Ohio -- Express Inc. reported Thursday that its third-quarter net income fell 23% to $32.4 million, compared with $42.1 million in the same period last year. Results, impacted by heavier discounting and higher costs, still beat Wall Street’s estimates.  

Revenue climbed 3% to $508.5 million, solidly topping analysts’ estimate of $498 million and prompting the apparel retailer to lift its full-year earnings forecast. Same-store sales were flat in the quarter, after a 4% gain last year.

By Crosby Renwick, [email protected]

The pundits say retail, as we’ve known it since the ancient Egyptians, is coming to an end. Ouch. That’s big. You have to admit the logic is not bad: When retail is literally everywhere, when we can buy virtually anything off our phones and have it delivered, why go to a store?

LOS ANGELES, Calif. — Nearly 60 years to the day after Edmund Hillary and Tensing Norgay climbed Mount Everest, 48-year-old Russian Valery Rozov has jumped off its north face at 23,667 ft. to set a world record for the highest B.A.S.E. jump.

NEW YORK — Multichannel retailer Delia’s credited exiting brand Alloy and unseasonably cool weather for the dip in its first quarter results for the period ended May 4. Amid the “disappointing” first quarter results, the company has appointed a new CEO. 

COLUMBUS, Ohio — Express overcame the spring chill and a difficult retail environment, reporting net sales of $508 million for the first quarter ended May 4, a 3% increase from $496 million in the first quarter of 2012.

Comparable sales were flat following a 4% comparable sales increase in last year's first quarter. This includes e-commerce sales, which increased 48% to $71 million. In last year's first quarter, e-commerce sales grew 28% to $48 million.

New York -- Michael Kors Holdings Ltd. reported better-than-expected net income of $101.1 million, compared with a year-earlier profit of $43.6 million, on strong demand for its products around the globe.

Retail net sales increased 58.8% to $272.7 million driven by a 36.7% increase in comparable store sales and 67 net new store openings since the end of the fourth quarter of fiscal 2012.

Wholesale net sales increased 59.4% to $304.7 million and licensing revenue increased 15.7% to $19.8 million.