Apparel

Bass Pro Shops raises the walls at ONE DAYTONA
In its race to open by early 2017, Bass Pro Shops has launched vertical construction on its 67,000-sq.-ft. outpost at ONE DAYTONA, the retail, dining and entertainment extravaganza underway across from the Daytona International Speedway. Bass Pro Shops’ general contractor EMJ Construction utilized a 200-ton track crane to raise 30 panels that represent the walls of the structure.
Saddle Brook Square reaches 100% occupancy
With the addition of Jembro Stores and Cricket Wireless, Saddle Brook Square – in Saddle Brook, New Jersey – has reached full occupancy, according to brokerage firm Ripco Real Estate, which has led the leasing efforts. The 221,892-sq.-ft. shopping center is anchored by Walmart, TJ Maxx, Modell’s, and 24 Hour Fitness. Jembro Stores, a regional discount retailer, will occupy 5,280 sq. ft. adjacent to TJ Maxx. Cricket Wireless occupies 2,100 sq. ft.

Under Armour founder: Build it and they will come?

The man behind Under Armour has big plans for Baltimore -- so big, in fact, that local leaders say his ideas could revitalize the city, or not. Click here for more.
Destination Maternity taps seasoned CFO to lead financial charge

In its search to find the right financial overseer, Destination Maternity Corp. didn’t have to look any farther than the auto parts industry. On Monday, the maternity apparel retailer named David Stern, former CFO of Pep Boys – Manny, Moe and Jack, as executive VP and CFO, charged with leading the finance and accounting, real estate, loss prevention and procurement areas of the company. Stern will report to CEO Anthony Romano.
100-year-old jewelry chain to close all stores

Rethinking its earlier turnaround plans, a century-old Canadian jewelry chain has announced it will shutter all stores. Winnipeg-based Ben Moss Jewellers, which has sold mid-to-high-priced jewelry since 1910, said it will close the 54-unit chain and has launched going-out-of-business sales that began on Saturday, July 30. The liquidation efforts are being handled by Gordon Brothers Canada, ULC and Hilco Global (through its Canadian division, Merchant Retail Solutions).
Report: Retail M&A activity strong in Q2

Deal volume in the retail and consumer sector is up, but deal value is down. Deal volume in the second quarter in the sector reached its highest level in the past 12 months, with 282 announced deals, up 5% over the first quarter, according PwC’s Q2 2016 retail and consumer M&A report.
Combatant Gentlemen, Santa Monica Place, Santa Monica, California
Bonobos location destined for Madison Avenue

Clicks-to-bricks phenomenon Bonobos’ retail journey will soon extend to Manhattan’s Madison Avenue. The company has signed a 10-year lease for 1,725 sq. ft. on the ground floor of 488 Madison Avenue near St. Patrick’s Cathedral. Neighbors of Bonobos at its new location include Saks Fifth Avenue, Tourneau, Burberry, and Nordstrom’s Trunk Club. The Feil Organization recently completed major renovations on the building, including a two-story glass curtain wall in the office lobby.
Leasing opens for mixed-use project in Miami Design District

Leasing has begun on HELM Miami, a mixed-use development destined for a full city block in Miami’s Design District, a neighborhood carved out in an under-developed area north of downtown near Biscayne Bay. Newmark Grubb Knight Frank Retail will handle leasing, led by executive managing director Thomas Citron and executive VP Mitchell Friedel.
Under Armour exec jumps ship to join Starbucks

A key player in Under Armour’s effort to increase sales of women’s goods is leaving to join Starbucks Corp. But first she has to learn how to serve up espresso.
The bright spot in the apparel industry is…

Consumers are putting their best foot forward when it comes to spending.
Survey: Technology needs helping to drive back-to-school spending

Consumers’ increased confidence in their own financial situation bodes well for back-to-school spending. At least that’s according to Synchrony Financial’s Back-to-School survey, which found that clothing, shoes and electronics represent the majority of back-to-school spending for most families surveyed and more than a third expect to spend more in both categories this year. Longer supply lists and more technology needs are among the drivers of increased spending.