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Department Store

  • Deloitte holiday survey: Holiday shoppers’ spirits bright

    New York -- Shoppers are in a good mood heading into the holiday season, with the number of consumers planning to spend less on the holidays (37%) at the lowest level since 2006, according to Deloitte's 27th annual survey of holiday spending intentions and trends. One-half (50%) of consumers surveyed expect the economy will improve next year, up from just one-third (33%) heading into the holiday season last year.

  • Signet Jewlers Ltd. to acquire Ultra Stores

    New York -- Signet Jewelers Ltd. announced that it has signed a definitive agreement to acquire Ultra Stores, Inc. from Crystal Financial LLC. and its other stockholders for approximately $57 million in cash. Ultra operates stores primarily in outlet centers, as well as licensed jewelry departments.
       
    Signet will not assume any debt in connection with the acquisition.
     

  • Eataly to open in Chicago

    New York -- Macerich announced that Eataly, the largest artisanal Italian food and wine emporium in the world, has reached an agreement to open its second U.S. location, at The Shops at North Bridge near Michigan Avenue in Chicago.

    The new location, expected to open in September 2013, will be the concept's largest, at 60,000 sq. ft. Eataly opened its first U.S. store, in Manhattan, in 2010.
    Eataly is a collaboration among Joe Bastianich, Mario Batali, Lidia Bastianich and Oscar Farinetti, who founded Eataly in Turin, Italy, in 2007.

  • Jones Group’s profit helped by sales to department stores

    New York  -- Jones Group Inc. reported a higher-than-expected quarterly profit, helped by a rise in sales of shoes and jeans to U.S. department stores, which helped make up for a big  drop in business at its own stores.
      
    Third-quarter revenue slipped 0.7% to $1.035 billion as sales at the company's U.S. stores were down 6.7%.
       

  • Four Questions to Determine if Your International Expansion Strategy is on Target

  • Fred Meyer selects TD Retail Card Services for private label credit card

    MAHWAH, N.J. — The Fred Meyer Jewelers division of Kroger Co. has selected TD Retail Card Services to take over the private label credit card program for its Fred Meyer Jewelers and Littman Jewelers stores.

    Under the agreement, the  business unit of TD will direct all facets of the program for the company's 344 fine jewelry stores in 32 states. 
     

  • Kirkland’s to open at Boulevard Crossing

    Kokomo, Ind. -- Indianapolis-based Kite Realty Group said that Kirkland’s will open a 6,400-sq.-ft. store at Boulevard Crossing, located in Kokomo, Ind.

    The 213,663-sq.-ft. shopping center is owned by Kite Kokomo Project Co. and is anchored by Kohl’s, Party City, Ulta, TJ Maxx, Petco, Shoe Carnival and Dress Barn.

  • American Eagle Outfitters to open at Plymouth Meeting Mall

    Plymouth Meeting, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that American Eagle Outfitters plans to open a 5,732-sq.-ft. store at its Plymouth Meeting Mall property in spring 2013.

    In addition, Mercy Health System, a consumer health and wellness satellite aligned with Mercy Suburban Hospital, recently opened, expanding the mall’s variety of services into the health sector.

    Plymouth Meeting Mall is anchored by Macy’s, Boscov’s and Whole Foods Market and Café.

     

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