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Department Store

  • TNP acquires Bloomingdale Hills in Tampa, Fla., suburb

    Irvine, Calif. -- TNP Strategic Retail Trust said Friday it has acquired Bloomingdale Hills, a 13-acre retail center in the Tampa, Fla., suburb of Riverview.

    TNP is a public non-traded REIT that invests in grocery and drugstore anchored, multi-tenant necessity retail properties and other real estate-related assets.

    Bloomingdale Hills comprises about 78,500 sq. ft. of rentable space, as well as a fully improved, undeveloped land parcel.

    The center is anchored by Wal-Mart Neighborhood Market and is 100% leased.
     

  • Costco international exec says chain looking to open stores in Europe

    Issaquah, Wash. -- Costco Wholesale Corp.’s international executive VP James Murphy said Thursday that the warehouse club operator is pursuing a European expansion program.

    Murphy told Bloomberg that Costco is “interested in investing in the obvious four -- Germany, Italy, France and Spain.” The company hasn’t decided which country would debut first and will probably open a store in the region “in the next couple of years,” Murphy said in the Bloomberg interview.

  • Macy’s Lundgren to be deposed in Martha Stewart suit

    New York -- A Thursday report by Bloomberg said that Macy’s CEO Terry Lundgren is slated to give his deposition next month over a contract dispute with Martha Stewart Living Omnimedia Inc.

    Citing documents filed Thursday in New York state court, Bloomberg said that Lundgren is scheduled for a half-day of questioning on July 3 in advance of a July 13 hearing on his company’s request for a preliminary injunction.

  • Largest Sears Canada Home store to open in Ottawa

    Ottawa, Ontario -- Sears Canada has opened its largest Sears Home store at Pinecrest Shopping Center. The store will occupy 78,0000 sq. ft. and feature an expanded selection of furniture as well as the largest major appliance and mattress inventory of any Sears location.

    "The opening of the Sears Home store at Pinecrest is another in a series of transformational milestones for Sears Canada," said Calvin McDonald, president and CEO, Sears Canada.

  • That was fast: Von Mauer outgrows e-commerce facility

    DAVENPORT, Iowa — Von Mauer may not be a household name in the retail world, but the Davenport, Iowa-based department store chain must be doing something right with its online business.

  • Bed Bath & Beyond profit up, but slowing growth a concern

    Union, N.J. -- Bed Bath & Beyond Inc. reported Thursday that net income rose 14.5% to $206.8 million, compared with $180.6 million in the year-ago period.

    Revenue increased 5.1% to $2.22 billion from the year-earlier quarter, missing Wall Street’s projected $2.25 billion in revenue. Same-store sales rose 3%.

  • RECon 2012 left landlords and tenants anticipating what’s to come

    A heat wave washed over Las Vegas just in time for the International Council of Shopping Centers’ annual RECon event May 20-23 — and the mood inside the Las Vegas Convention Center was just as elevated.

    “I am very bullish on this year’s RECon,” said Andy Graiser, co-president of A&G Realty Partners, Melville, N.Y. “Growth is becoming evident in most all categories, and it’s smart growth.”

  • Von Maur to expand e-commerce fulfillment center

    Davenport, Iowa -- Department store retailer Von Maur said Thursday it has begun construction on an expansion of its e-commerce fulfillment center to support continued growth in its web presence.

    Projected for completion in October 2012, the expansion will add an additional 73,000 sq. ft. to the company's current 46,000-sq.-ft. center in Davenport, Iowa.

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