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Apparel

  • Westfield Old Orchard announces new tenants

    Chicago — Los Angeles-based Westfield announced that its Westfield Old Orchard shopping destination in Skokie, Ill., has added more new tenants to its offerings.

  • Nordstrom to close downtown Indianapolis store

    Seattle — Nordstrom announced plans to close its Circle Centre store in downtown Indianapolis, Ind.   Opened September 8, 1995, the 216,000-sq.-ft.  location will close to the public at the end of business on July 31, 2011. 

    The retailer will continue to operate a nearby location at The Fashion Mall at Keystone, Ind..  It will open  a Nordstrom Rack store at the Shops at Rivers Edge in September.

  • DSW completes merger with Retail Ventures

    COLUMBUS, Ohio— DSW Inc. and its largest shareholder, Retail Ventures have completed their previously-announced merger.

  • Syms considers possible sale

    Secaucus, N.J. — Syms Corp. said Thursday it is mulling selling itself and other strategic alternatives as the company continues to struggle after acquiring Filene’s Basement in 2009.

    The off-price retailer, which bought Filene’s out of bankruptcy for $62.4 million in 2Q 2009, said its board is currently evaluating its options. It reported a loss at the end of its fiscal year in February, and losses had widened as of earlier this month.

  • Guess Q1 profit down 15%, narrows view

    Los Angeles — Guess Inc. beat first-quarter revenue expectations, even though it also reported a 15% decline in net income. The company said net income fell to $42.7 million in the quarter ended April 30, compared with $50.3 million in the year-ago period.

    Total revenue increased 9.8% to $592.2 million, beating analysts' predictions of $567.7 million. Strength in Asia, where revenue rose 24%, drove the increase. Revenue in Europe also helped, rising 12%. Revenue in North America was the weakest, up 5%.

    Same-store sales fell 3.1% in U.S. dollars.

  • Macy’s to open at Gurnee Mills

    Gurnee, Ill. — Indianapolis-based Simon Property Group announced that Macy’s will open at Gurnee Mills, the largest outlet and value retail shopping destination in Illinois.

    The nearly 140,000-sq.-ft. Macy’s full-line department store is slated to open in spring 2013. It will anchor a new full-price wing at the center, adding a new dimension to Gurnee Mills’ value shopping experience. 

  • WINK will open in SoHo

    New York City — Robert K. Futterman & Associates said it has secured a 1,500-sq.-ft. retail space for women’s apparel brand WINK at 129 Prince St., located between Wooster and Prince Streets in SoHo.  

    WINK, which currently has a store at 155 Spring St., is scheduled to open its new Manhattan location this summer.  

     The new store will join co-tenants Apple, Lucky Brand, Cole Haan, Michael Kors and Ralph Lauren.

  • PREIT names retail leasing directors

    Philadelphia — Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) announced that it has hired two new directors of retail leasing— Peter Elliott and Amy MacLaren.

    Both will be responsible for the leasing of regional malls and retail relationships with key national tenants. 

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