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  • Brooks Brothers taps Demandware to power digital commerce initiatives

    Burlington, Mass. -- Demandware, a leading provider of enterprise cloud commerce solutions, announced that Brooks Brothers launched a new e-commerce site on the Demandware Commerce platform.

  • Hunter Crossroads, Fort Worth, Texas

    When an 180,000-sq.-ft. Walmart Supercenter opens at Hunter Crossroads this fall, it will mark the first major retail opening in the shopping center, which is part of a larger 160-acre planned mixed-use project.

    Developed by Hunter Crossroads LP, the center is being leased by Transwestern, based in Dallas.

    Construction on the new Walmart is more than halfway completed; expected opening date is September 2013 and the store will feature Walmart’s smaller, more efficient prototype in lieu of its more traditional 220,000-sq.-ft. layout.

  • Sycamore Partners to acquire Hot Topic

    CITY OF INDUSTRY, Calif. — Sycamore Partners has agreed to acquire teen retailer Hot Topic for approximately $600 million, or 14 cents per share in cash. The agreement, which has been unanimously approved by Hot Topic’s board of directors, represents a premium of approximately 30% over Hot Topic’s closing stock price on March 6.

  • Levin announces leasing activity at Capitol Plaza

    Ewing, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said Wednesday that Dollar Tree will open a store at Capitol Plaza, located in Ewing, N.J. The 13,810-sq.-ft. store is slated to open in the spring.
     
    As well, a newly expanded Center for Allied Health & Nursing Education will celebrate its grand reopening at Capitol Plaza in March. The nursing school will be renamed Jersey College School of Nursing; it tripled its space to 30,000 sq. ft. in the shopping center, which is leased and managed by Levin.
     

  • Hanes wins eco award

    WINSTON-SALEM, N.C. — Hanes has received the U.S. Environmental Protection Agency's highly coveted Energy Star Sustained Excellence Award for 2013.  The award is the company's fourth consecutive year of Energy Star recognition and its second consecutive year as a recipient of the Sustained Excellence Award, which is given to a select group of organizations that have exhibited outstanding sustainability leadership year after year.

  • Six new tenants to open at Pembroke Mall in 2013

    Virginia Beach, Va. -- Divaris Real Estate announced Wednesday that six new stores totaling 57,434 sq. ft. will open at the company’s Pembroke Mall property, located in Virginia Beach, Va.

  • Gap’s February Q4 same-store sales rise 3%, topping estimates

    New York -- Gap Inc. said Thursday that its February same-store sales rose a better-than-expected 3% for the four weeks ended Feb. 25. Analysts expected a 2% increase.
       
    The chain was due to release the sales figures after the market closed, but put them out at midday after they were found in a leaked transcript of prerecorded comments.

    By division, same-store sales rose 2% at Gap and 6% at Old Navy. They fell 5% at Banana Republic.

  • Report: J.C. Penney lays off 2,200 store and office associates

    New York -- The ax has fallen — again — at J.C. Penney Co. The retailer laid off approximately 2,200 employees in its stores and district offices on Wednesday, The Dallas Morning News reported.

    The majority of the staff cuts occurred in some 100 stores that had significant sales declines last year, spokeswoman Daphne Avilla said in the report, with Penney adjusting the employee count to match each store’s new level of business.

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