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Apparel

  • Limited Brands raises note offering to $1 billion

    Columbus,Ohio -- Limited Brands has expanded its public senior debt offering to $1 billion from the $750 million that it initially announced on Tuesday.

    The company plans to use net proceeds from the offering to repurchase $500 million worth of shares under a new stock buyback authorized by company's board. The new program includes $31 million remaining under the company's existing $200 million share repurchase program. Limited Brands has priced the notes, which come due in 2021, at 6.625%.

  • Report: Personalization of store experience is key to retail growth

    Palto Alto, Calif. -- Personalization of the in-store customer experience will be a key objective for retailers over the next two years, according to two new Aberdeen Group reports sponsored by HP.

    According to the 100 senior retail executives surveyed from industries such as apparel, grocery and department stores, 76% do not possess the technology tools or the business processes for executing web, catalog or special orders from stores. This challenge is being fueled by rising consumer expectations of rich, multimedia in-store shopping experiences.

  • Muska Milano to open on Madison Avenue

    New York City -- Prudential Douglas Eilliman’s Retail Group announced that in less than two weeks after arranging the sale of a multi-level retail condominium at 1086 Madison Avenue, the retail sales and leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, have leased the boutique space to luxury handbag and accessories importer Muska Milano. 

  • Three retailers to open at Cherry Hill Mall this spring and summer

    Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that its Cherry Hill Mall property, located in Cherry Hill, N.J., will welcome three new retailers this spring and summer.

    Lids Locker Room opened in March, and two shoe retailers, Traffic and Clarks, are slated to open this summer.

  • Adidas steps up with ventilated running shoe

    PORTLAND, Ore. -- Adidas has announced the launch of its newest running shoe, the ClimaCool Ride. The shoe features 360-degree ventilation, attacking the main cause of runners' discomfort – high humidity and temperature, the company reported. The shoe is available in 26 colors. 

  • Survey: J.C. Penney tops in diversity among retailers

    Plano, Texas -- J.C. Penney has been named the No. 1 retailer on Diversity's annual ranking of "Top 50 Companies for Diversity," which recognizes leading organizations for best practices in diversity management.

    It is the second consecutive year that the company has earned its place on the list, moving up 11 spots to No. 35 overall.

  • Tilden Ridge Shopping Center celebrates grand opening

    Tilden, Pa. -- Metro Commercial Real Estate announced Wednesday that Tilden Ridge, a 400,000-sq.-ft. regional shopping center located in Hamburg, Pa., and anchored by a Wal-Mart Supercenter and Lowe’s Home Improvement, had its grand opening on March 15.

    The shopping center, owned by West Conshohocken, Pa.-based Ironwood Property Group, is 98% pre-leased and includes, besides Walmart and Lowe’s, Five Guys Burgers & Fries, Logan’s Roadhouse, GameStop, Pet Supplies Plus, Sleepy’s and Schuylkill Valley Sports.
     

  • The Snooty Fox to open at Hyde Park Plaza

    Cincinnati -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Cincinnati, at Hyde Park Plaza to The Snooty Fox.

    An upscale consignment shop, The Snooty Fox has leased 5,000 sq. ft., bringing the center to 96% leased. It is slated to open for business this summer.

    The 396,861-sq.-ft. shopping center is anchored by a 99,675-sq.-ft. Kroger and a 69,592-sq.-ft. Biggs alongside national retailers such as Michaels, Massage Envy, Panera Bread, Starbucks and Staples.

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