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Consumer Electronics

  • ICSC forecasts back-to-school sales up 3%

    New York City -- The International Council of Shopping Centers is forecasting an increase of 3% to $39 billion in total sales over the three-month back-to-school shopping season.

    According to ICSC on Thursday, sales for the back-to-school season -- typically the second-largest driver of the year -- are predicted to be healthy.

  • Same story, different month from Target

    The 4.5% increase in same-store sales Target reported for June was at the high end of the company’s expectations, came on top of a prior year increase of 1.7% and was driven primarily by an increase in average transaction size with a more modest benefit associated with increased traffic.

  • Tri-Land announces new leases

    Westchester, Ill. -- Tri-Land Properties announced Thursday that Marshalls and Qdoba Mexican Grill have joined the company’s projects in Indiana and Minnesota.

    At Southern Plaza, a 335,000-sq.-ft. Indianapolis shopping center anchored by Kroger and Office Depot, Marshalls has opened a 24,084-sq.-ft. store.

    At Century Plaza, a 300,592-sq.-ft. shopping center located in Merrillville, Ind. anchored by Staples and Old Time Pottery, Qdoba Mexican Grill has opened a 2,700-sq. ft. Mexican fast-casual restaurant.

  • Duane Reade, Manhattan

    With its array of in-store services, expanded food offerings and unexpected amenities, the new Duane Reade flagship in downtown Manhattan, pushes the envelope of drugstore retailing -- and it does so with a style and ambience that sets it apart from the competition.

  • Mid-Year Update: Top 10 Most Popular Stories

    New York City -- What topics interested retailers most in the first half of 2011? The most popular stories with chainstoreage.com readers from January through June ran the gamut, from the top 10 retail markets for 2011 to Dollar General’s ambitious expansion. Take a look at our top 10 most popular stories: 
     
    1. Top 10 retail markets for 2011

  • Tourneau opens Manhattan flagship

    New York City -- Tourneau opened a new concept store in Manhattan. The 3,135-sq.-ft. space offers a dramatic departure from traditional jewelry and watch stores in that it does not have counters. Instead, it features a series of long tables in the main showroom that can be approached from all sides.

    Tourneau employees, equipped with iPads in hand, unlock the cases when customers want to look at a watch.

    The new store was created by San Francisco-based architecture firm Eight Inc., which has also worked on the Apple stores.
     

  • Saks to open department store in Kazakhstan

    New York City -- Saks said Tuesday it will open a licensed Saks Fifth Avenue store in Almaty, Kazakhstan, in August 2012.

    The full-line department store, which will tailor its merchandise to the region, will open in Esentai Shopping Mall, which is part of a new mixed-use development featuring residential, office and hospitality components.

    The three-story, 91,000-sq.-ft. store will showcase a three-story-high, state-of-the-art digital video screen on the building’s facade. 

  • A favorable outlook for BTS

    Shoppers face a lot of economic headwinds this back-to-school season, but one forecaster has seasonal sales growing by 6.2% to $467 billion, the most since 2006.

    That’s according to retail consultants Customer Growth Partners’ annual BTS forecast, which defies warnings of a double-dip recession and sees American households as being more resilient with their back-to-school spending during the July through September time frame.

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