Department Store

ECRM compared retail circular advertising in March 2012 vs. March 2013 and noticed some common overall trends across top retail chains. Surprisingly the total number of pages per circular increased across the majority of retailers included in the study which shows that retailers are still focused heavily on their print circulars.

Exton, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said Tuesday that Francesca’s Collections has opened at its Exton Square Mall property, in Exton, Pa.

The arrival of the 1,300-sq.-ft. Francesca’s store will soon be joined by Teavana, which is set to open a 1,000-sq.-ft. store this summer.

Seattle -- Nordstrom announced plans to open two Nordstrom Rack locations, one in Oklahoma City, and the other in San Francisco.

Nordstrom Rack will open at Belle Isle Station in Oklahoma City. The approximately 34,000-sq.-ft. store, scheduled to open in fall 2013, and will be the retailer's first location in the state.

In San Francisco, Nordstrom Rack signed a 45,496-sq.-ft. lease for a space at the 901 Market Street property, which owned by Hudson Pacific Properties.

St. Clairsville, Ohio -- Youngstown, Ohio-based Cafaro Co. said Wednesday that MC Sports will debut in the area with a new store at Cafaro’s Ohio Valley Mall, in St. Clairsville, Ohio, in July.

The new store will be located next to Sears, occupying nearly 23,000 sq. ft. of retail space.

New York -- Macy's CEO Terry Lundgren had a pay package worth $11.3 million in 2012, down 22% from 2011, the Associated Press reported.

Lundgren had a salary of $1.6 million stock and options awards worth $7.7 million, and perks worth about $76,000. The decline came from a 63% smaller cash payment for performance, the report said.

Macy's said the CEO beat the profit expectations for the year but fell short on cash flow, due to a big merchandise purchase at the end of the fiscal year.

First it was RadioSchack and now Target has ended another electronics initiative with Best Buy.

Target and Best Buy confirmed earlier this week that they agreed to end a partnership begun last August that involved Target offering Best Buy’s Geek Squad services at 29 stores in Minneapolis and Denver. Earlier this year, Target ended a more extensive relationship with RadioShack that involved

New York -- Real estate industry veteran Laura Pomerantz said Monday she has launched a new firm, Laura Pomerantz Real Estate, focused on retail and office real estate transactions.

“As the retail landscape continues to evolve and companies re-evaluate their real estate portfolios, we look forward to working closely with our clients to develop both domestic and global real estate strategies that best facilitate growth and defines their brands,” said Pomerantz, founder and president, New York City-based Laura Pomerantz Real Estate.

San Francisco -- More than half of Americans shop and spend money to improve their moods, according to a new survey.

The study, by Ebates.com, found that 63.9% of women engage in “retail therapy,” compared with 39.8% of men, and the belief that it improves moods was found among 39.2% of women, compared with 20.6% of men. The survey was conducted online by TNS Global and included 1,000 adults.