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  • H&M, Uncle Buck’s to anchor Destin Commons expansion

    Destin, Fla. — H&M and Uncle Buck’s Fish Bowl & Grill will anchor a 100,000-sq.-ft. expansion of Destin Commons slated to open in mid-2014.

    Construction is underway on the 20,000-sq.-ft H&M store, the first H&M in northwest Florida.

    Uncle Buck’s, a concept by Bass Pro Shops, will offer casual dining and 16 lanes of bowling. Uncle Buck’s has also taken 20,000 sq. ft.

    The expansion will include about 20 additional stores and restaurants.

  • Mid-America brokers sale of St. Louis center

    St. Louis — Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of the 112,300-sq.-ft. South Oaks Plaza located in St. Louis for $9.5 million to Phillips Edison-ARC Shopping Center REIT Inc. Shop’n Save, Walgreens and Michaels anchor the center.

    Mid-America

    and Pace Properties represented the seller, a private St. Louis based investment group.

     

  • Zales returns to full-year profitability

    Dallas -- Zale Corp. narrowed its net loss in the fourth quarter to $8 million, from $19.7 million a year ago. Despite the loss, the retailer reported its first profitable fiscal year since the financial crisis in 2008.

  • Williams-Sonoma sitting pretty for Q2

    SAN FRANCISCO — Specialty home products retailer Williams-Sonoma is reaping the rewards of a rebounding housing market this second quarter ended Aug. 4.

    The company’s net revenues grew 12.3% to $982 million versus $874 million in the year-ago quarter with comparable brand revenue growth of 8.4%, on top of 7.4% in the year-ago quarter.

  • Bayer reaches for a new Summit — Lexington

    Bayer Properties has announced that it will develop a third member of its signature Summit property brand: The Summit Lexington, a mixed-use shopping destination located in the Lexington, Kentucky’s retail hub. An outdoor fashion center, The Summit Lexington will offer specialty retail, restaurants and residences.

  • Q2 Comp-store sales slip at Chico's FAS

    FORT MYERS, Fla. — Chico's FAS’s financial results for the second quarter ended Aug. 3 were affected by a lower transaction count and average dollar sales, primarily because of lower traffic and the cycling of strong comparable sales last year.

    The company reported net income of $43.6 million for the quarter — a decrease of 18.4% compared to $53.4 million in the year-ago quarter, and earnings per diluted share of $0.27, a decrease of 15.6% compared to $0.32 per diluted share in the year-ago quarter.

  • H&M to open its largest store to date, in New York’s Herald Square

    New York -- Swedish fast-fashion giant H&M will open its largest location to date, a 63,000-sq.-ft. flagship in New York City’s bustling Herald Square. Scheduled to open in fall 2014, the four-level store will be located in Herald Center, a JEMB Realty property. The landlord’s broker is CBRE.
     

  • Express in fast lane as net income rises 7%; to launch outlet business

    Columbus, Ohio -- Express Inc. reported a profitable second quarter of fiscal 2013, with year-over-year increases in net income, net sales and same-store sales. Net income rose 7% to $16.8 million, in line with Wall Street expectations, from $15.9 million. The retailer raised its full-year guidance and also announced plans to launch its outlet business in the second quarter of next year.

    Net sales for the quarter increased a better-than-expected 7% to $486.2 million, from $454.9 million.

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