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Apparel

  • Daffy’s to liquidate; JEMB Realty Corp. to purchase leases

    New York -- An affiliate of Manhattan-based real estate company Jemb Realty Corp. has agreed to purchase the leases and certain intellectual assets of Daffy’s Inc. for $43 million, Bloomberg reported. The deal is subject to bankruptcy court approval.

    Daffy’s filed for Chapter 11 protection listing assets of $60.2 million and debt of $70.5 million as of July 1. The chain operates 19 stores, with the majority in the New York City metro area.

  • Target, Costco exceed expectations in July

    New York -- Costco Wholesale Corp. set the July same-store sales pace when it reported Wednesday a better-than-expected gain of 5%, and other discounters answered Thursday with similar positive results.

  • Claire's North American president resigns

    CHICAGO — Claire's Stores announced that Jay Friedman, president of Claire's Stores North America, has resigned effective immediately. Claire's has commenced a search with the executive recruiting firm of Spencer Stuart to fill the open position.  Until a replacement is appointed, James Fielding, Claire's CEO, will assume Mr. Friedman's duties.

  • Cherry Hill Mall, Cherry Hill, N.J.

    South Jersey’s first Henri Bendel has opened at Cherry Hill Mall, located in Cherry Hill, N.J.

    The PREIT-owned property now features a 2,300-sq.-ft. Henry Bendel designer fashion boutique, joining Nordstrom, True Religion, Hugo Boss, Michael Kors, Guess by Marciano, and more.

    “As South Jersey’s fashion destination, Cherry Hill Mall continues to welcome venerable style icons to the property,” said Lisa Wolstromer, Cherry Hill Mall senior marketing director.

  • In line and on track, Target likes 2Q

    MINNEAPOLIS — July same-store sales at Target increased 3.1%, in line with the company’s guidance.

    Target credited an increase in average transaction size as the primary driver of a 3.1% same-store sales increase during the July reporting period. An increase in the number of transactions also contributed to a 3.1% gain that was in-line with the company’s guidance for a low to mid single digit increase on top of a July 2011 increase of 4.1%.

  • Jones Lang LaSalle to lease/manage Centre at Glen Burnie

    Glen Burnie, Md. -- Jones Lang LaSalle said that it has been awarded the leasing and management of Centre at Glen Burnie, a 419,858-sq.-ft. retail center located in Glen Burnie, Md.

    Developed in 1963, the Centre at Glen Burnie is 85% leased and anchored by Target, Hhgregg, Office Depot, Dick's Sporting Goods and Toys R Us.  Other tenants include Chick-fil-A, FootLocker, GNC, Payless ShoeSource, Radio Shack, Five Guys, Famous Footwear and Dots.
     

  • Ann Taylor Loft to open at Colorado Mills

    Lakewood, Colo. -- Indianapolis-based Simon Property Group said that Ann Taylor Loft will open a store this fall at outlet and value shopping destination Colorado Mills, located in the Denver suburb of Lakewood.

    Loft will be located near Saks Fifth Avenue Off 5th, Ann Taylor Factory Outlet and Banana Republic Factory Store.
     

  • Department store players largely strong in July

    New York -- Helped by hot weather and clearance sales, many retailers reported solid results in July, a month that can be a tepid lead-up to the back-to-school shopping season.

    Some of the strongest showings in the month were in the department store category, as those reporting all showed July gains.

    Macy’s led the pack with a 4.1% same-store sales rise. Total sales increased 5.1% to $1.7 billion over the four-week period.

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