Apparel

Virginia Beach, Va. -- Divaris Real Estate has leased three retail spaces at shopping centers in Hampton and Virginia Beach.

Bank of America renewed its 6,000–sq.-ft. lease in Willow Oaks Village Square in Hampton.

Bruegger’s Bagels leased 2,400 sq. ft. in Southgate Commons in Virginia Beach. Also in Southgate Commons, Anthony Vince Nail Spa has taken 2,597 sq. ft.

A member of Realty Resources and the Virginia affiliate for The CORE Network, DRE represented the landlords in these transactions.

KANSAS CITY, Kan. — Red Legacy, a commercial real estate developer for shopping centers, has hired Stacy Scheelk as its new senior director of new business development.

Scheelk is a shopping industry expert with a background in local, regional and national business development and marketing. She will be charged elevating and maximizing the potential of each development by fomenting partnerships, securing sponsorships, creating specialty retail and increasing ancillary income.

Lululemon's chairman, Dennis "Chip" Wilson, sold stock worth $50 million just days before shares slumped following CEO Christine Day's resignation, according to a Reuters report.

Reuters goes on to cite a Wall Street Journal report — which in turn cites InsiderScore.com, a site which tracks insider trading and institutional ownership — that Wilson set up plans to sell stock back in December. Wilson founded the company in 1998 and remains its largest voting shareholder.

Fremont, Calif. -- The Men's Wearhouse Inc. reported Wednesday that net income for the first quarter rose 23% to $33.1 million, from $26.9 million last year.  

Sales for the company that runs Men’s Wearhouse namesake stores, along with the Moores and K&G chains, increased 5.1% to $616.5 million, beating Wall Street’s expected $604.7 million in revenue. Same-store sales rose 7.1% at namesake stores, but slid 5.3% at K&G.

For anyone involved in retail, it feels like the International Council of Shopping Centers (ICSC) Spring Convention in Las Vegas signifies an important yearly milestone. Those of us in the industry can be forgiven for visualizing a “retail year” that begins immediately after the convention in May and runs until RECon opens its doors the following year.

FREMONT — Net sales at Men's Wearhouse's flagship brand stores got off to a slow start, but clothing and tuxedo revenues picked up, allowing the company to see total net sales of $617 million for the first quarter ended May 4, an increase of 5% from $587 million for the quarter last year.  

LEXINGTON, Mass. — Stride Rite Children's Group's first-ever multichannel loyalty program, launched in Nov. 2012, has leapt beyond the million member milestone within six months.

The company estimates that 75% of specialty store and online transactions are associated with a rewards member.

City of Industry, Calif. -- Private equity outfit Sycamore Partners said Thursday it has completed its previously announced acquisition of Hot Topic, valued at about $600 million and returning the Hot Topic namesake stores and the Torrid banner to the private sector.

"Hot Topic and Torrid are both leaders in their categories, and we are excited to have both brands as part of our portfolio," said Stefan Kaluzny, managing director of Sycamore Partners.