Department Store

Paducah, Ky. -- Youngstown, Ohio-based Cafaro Co. said that A&K Construction, based in Paducah, Ky., will serve as general contractor for the multi-million-dollar renovation of Kentucky Oaks Mall, also located in Paducah.

A&K Construction will guide the work that will transform the look of the 28-year-old mall, with new entrance features, ceiling treatments, skylights, upgraded flooring, energy efficient lighting and HVAC systems, modernized public restrooms and other amenities.

New York City -- Shareholders of J.Crew Group have approved a $3 billion deal to be taken private by two investment firms.

The $43.50-per-share buyout by private-equity firms TPG Capital and Leonard Green & Partners is expected to close on or near next Monday. J. Crew CEO Millard (Mickey) Drexler will remain with the company.

South Bend, Ind. -- Indianapolis-based Kite Realty Group announced that Urban Outfitters will open at Eddy Street Commons at Notre Dame in South Bend, Ind.

The retailer has leased 8,627 sq. ft. and is part of a newly developed mixed-use development that consists of a large book store, hotel, several unique restaurants and other apparel stores.

Urban Outfitters is scheduled to open late this summer.

Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Elevation Burger has opened a 2,245-sq.-ft. restaurant at Moorestown Mall, located in Moorestown, N.J.

The casual eatery is located next to Bistro Express, with both a mall entrance and an outside entrance, and is a market first for the concept.

Another new concept to South Jersey also recently opened at Moorestown Mall -- Bubby’s Brisket. The 1,017-sq.-ft. restaurant is located in Moorestown Mall’s Food Court.

New York City -- Retailer demand for new locations is up across the board, according to ChainLinks Retail Advisors’ just-released National Retailer and Restaurant Expansion Guide. The report details the current expansion plans for hundreds of the largest U.S. retail and restaurant chains.

If Black Friday and Cyber Monday 2010 numbers were any indication, retail may well be prepping for some measurable bounce in 2011.

But the road to recovery isn’t going to be without frustrations, according to Chicago-based Jones Lang LaSalle’s North America Retail Outlook report, released in November.

The inaugural report examined retail real estate fundamentals such as vacancy levels, rental rates and investment sales volumes -- and drew the conclusion that 2011 would see a “slow and arduous retail sector recovery.”

BEAUMONT, Texas -- Conn’s announced that it has appointed Theodore Wright to the position of interim CEO and president, following the news that Timothy Frank will step down as president and CEO of the company and resign as a director to pursue other opportunities.Conn’s said it will immediately commence a formal search to identify a permanent CEO.

SEATTLE -- Disney Consumer Products has partnered with Nordstrom to launch a new line of children's apparel, accessories and footwear in honor of the 45th anniversary of the "it's a small world" attraction at Disneyland. 

NEW YORK -- The Knot,  a media company devoted to weddings, nesting and babies, announced that it had repurchased all shares in the company owned by Macy’s Inc.

Home Depot, Lowe’s and Sears offer free delivery and installation of major appliances, and now Best Buy does too. The company this week announced what it declared was an industry-leading combination of free delivery along with an 18 months same-as-cash financing offer to spark interest in the appliance category.