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Consumer Electronics

  • Michaels, chiropractor to open at Richmond Centre

    Richmond, Ky. -- Charlotte, N.C.-based Crosland LLC announced two new lease signings with Michaels and Chiro One at Richmond Centre, a regional shopping, entertainment and hospitality venue in Richmond, Ky.

    Michaels will open a 20,011-sq.-ft. store as a junior anchor tenant in October.

    Chiro One opened a 2,127-sq.-ft. clinic in February.

  • Google to test mobile-payment system with Verifone

    San Francisco -- A Wednesday report by Bloomberg said that Google plans to start testing a mobile-payment service at stores in New York and San Francisco within four months.

    Citing unnamed sources, Bloomberg said Google will pay to install thousands of special cash-register systems from VeriFone Systems at merchant locations. The plans haven’t yet been made public.

  • Simon expands, rebrands Las Vegas Outlet Center

    Indianapolis -- Simon Property Group announced Wednesday that Las Vegas Outlet Center will open a major expansion on March 17, adding 13 new stores and approximately 70,000 sq. ft. of GLA, and bringing the center to more than 140 stores for a total of 535,000 sq. ft.

    With this expansion, the center is being renamed Las Vegas Premium Outlets - South. The center was also recently renovated, receiving a complete external makeover with significant interior improvements as well.

  • Small format countdown begins

    The retail industry is abuzz these days with talk of small format stores; whether it is Best Buy Mobile, CityTarget or now Walmart Express. Bill Simon, president and CEO of Walmart U.S., added more fuel to the fire this week with comments about several 15,000-sq.-ft. test stores that would open during the second quarter in rural and urban locations. Simon also introduced the prospect of rapid organic growth and potential acquisitions even though the first stores have yet to open.

  • February retail sales show biggest gain in four months

    New York — U.S. retail sales rose 1% in February, boosted by job gains, the tax cut and more seasonable temperatures, the Commerce Department reported Friday. It was the highest gain in four months. Sales excluding autos increased 0.7%.

    The 1% increase followed a revised 0.7% rise in January that was more than double the previous estimate, according to Commerce Department figures.

  • Urban Retail named manager for Shawnee Mall and Brazos Mall

    Chicago -- Urban Retail Properties LLC said it has been awarded the contract by Five Mile Capital Partners LLC to provide management and leasing services for Shawnee Mall located in Shawnee, Okla., and Brazos Mall in Lake Jackson, Texas, effective immediately.

    Shawnee Mall is a one-level enclosed regional shopping center anchored by Dillard’s, Sears and J.C. Penney. The tenant line-up includes a newly remodeled Jones Theatres Movies Six, Old Navy, Ross Dress For Less, Buffalo Wild Wings and over 70 specialty stores.

  • Readers Speak Out: To what retailers will Borders' prime real estate go?

    In the Feb. 24 edition of SiteTalk, we asked you about Borders'just-announced Chapter 11 bankruptcy and closures, and to what retailers you thought some of that prime real estate would go. Here is what two of our readers had to say:

    "[I think they will go to] regional furniture chains [Value City] and regional electronics such as Hhgregg."
    -- Joe Deckop
    Columbus Consulting
    Columbus, Ohio

  • Kohl's opens nine new stores

    MENOMONEE FALLS, Wis. -- Kohl’s Department Stores announced the grand opening of nine new stores across seven states, which the company said will create more than 1,200 jobs.

    The new stores were opened Illinois, New York, South Dakota, Texas, Virginia, Washington and Wisconsin. In addition, Kohl's plans to open a total of approximately 40 new stores in 2011. The company said it also plans to remodel approximately 100 stores in 2011, an 18% increase from 2010.

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