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  • H&M, Uncle Buck’s to anchor Destin Commons expansion

    Destin, Fla. — H&M and Uncle Buck’s Fish Bowl & Grill will anchor a 100,000-sq.-ft. expansion of Destin Commons slated to open in mid-2014.

    Construction is underway on the 20,000-sq.-ft H&M store, the first H&M in northwest Florida.

    Uncle Buck’s, a concept by Bass Pro Shops, will offer casual dining and 16 lanes of bowling. Uncle Buck’s has also taken 20,000 sq. ft.

    The expansion will include about 20 additional stores and restaurants.

  • DSW to test smaller format

    New York -- DSW plans to test a smaller-store format that will run about 10,000 sq. ft., down from its average 22,000-sq.-ft. model.

    DSW did not disclose where the tests would be. But CEO Mike McDonald told securities analysts that, if successful, the small-format stores “will create a new growth vehicle for DSW, which could significantly expand our store count potential,” Columbus Biz Insider reported.

    DSW is on track to open 30 stores in 2013.
     

  • Genesco Q2 affected by uncertain consumer environments

    NASHVILLE, Tenn. — Genesco Inc., a specialty retailer which sells footwear, headwear, sports apparel and accessories, continues navigating through uncertain consumer environments as second quarter results fell short of expectations.

  • Old Navy, GNC opening in Middletown, N.Y.

    Purchase, N.Y. — National Realty & Development Corp. www.nrdc.com has announced that Old Navy and GNC will open stores at Orange Plaza, an 815,000-sq.-ft. power center in Middletown, N.Y. Old Navy has taken 13,500 sq. ft. GNC will occupy 1,500 sq. ft.

    Wal-Mart Supercenter, The Home Depot, Kohl’s Department Store, Burlington Coat Factory, Marshalls, Bed Bath & Beyond and Staples anchor the center, which draws from a 12-mile radius with a population of 157,000.
     

     

  • Q2 Comp-store sales slip at Chico's FAS

    FORT MYERS, Fla. — Chico's FAS’s financial results for the second quarter ended Aug. 3 were affected by a lower transaction count and average dollar sales, primarily because of lower traffic and the cycling of strong comparable sales last year.

    The company reported net income of $43.6 million for the quarter — a decrease of 18.4% compared to $53.4 million in the year-ago quarter, and earnings per diluted share of $0.27, a decrease of 15.6% compared to $0.32 per diluted share in the year-ago quarter.

  • Chico’s misses as Q2 profit falls 18.4%

    Fort Myers, Fla. -- Chico’s FAS reported an 18.4% decline in second quarter net profit, after increased promotional activity took a toll on same-store sales. 

    Chico’s net income totaled $43.6 million from $53.4 million in the year-ago period.

  • The Sky’s the Limit for Nordstrom

    The New York press has been all abuzz over the latest news about Nordstrom’s new Manhattan digs – that the West 57th Street space is officially Nordstrom’s.    

  • E-commerce sales boost Express in Q2

    Express delivered solid second quarter results, buoyed in part by e-commerce sales which once again experienced a double-digit increase.

    Same-store sales increased 6%, up 1% from the year-ago quarter. Factoring into that same-store sales increase were the company’s e-commerce sales, which were$59.9 million, up 27% from last year’s $47.2 million.

    Net sales for the quarter increased a better-than-expected 7% to $486.2 million, from $454.9 million. Net income rose 7% to $16.8 million from $15.9 million and was in line with Wall Street expectations. 

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