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Department Store

  • Bealls to open at Loop West shopping center

    Orlando, Fla. -- Boston-based The Wilder Cos. said that Bealls will open a new department store at Loop West, located in the southern portion of the Orlando, Fla., market.

    Loop West, along with adjacent center The Loop, make up an 840,000-sq.-ft. shopping complex housing 14 specialty anchors and 55 shops, services and eateries. Anchors include Kohl’s, J.C. Penney, TJ Maxx, Bed Bath & Beyond, DSW Shoes, Regal Cinema and more.

  • Rue21 opens 700th store, on track to open 110 stores in fiscal 2011

    Warrendale, Pa. -- Rue21 said Thursday it has opened its 700th store, located in New Braunfels, Texas.

    The store is Rue21's 80th in the state. Year-to-date, the retailer has opened 63 stores and said it is on target to open 110 new stores and convert 35 existing stores to its larger etc! format in fiscal 2011.

    Long-term growth strategy includes opening in strip centers, regional malls and outlet centers, and the New Braunfels location is Rue21's 360th strip center location.

  • Study: Retailers Eye Consumer Behavior as Economy Evolves

    With sales experiencing the peaks and valleys of a slowly recovering economy, retailers are watching their customers even closer than ever.

    According to a study by accounting and consulting firm BDO USO, LLP, New York City, retailers have been less concerned in 2011 about consumer confidence and spending and, instead, are more watchful of consumer demand and interest.

  • Gap Inc. ventures into Africa

    SAN FRANCISCO — Gap Inc. announced that it plans to open its first Gap store in Egypt this July and its first Gap and Banana Republic stores in Morocco this October. These store openings will mark the company’s first entry into Africa.

    As part of an existing franchise agreement with The Fawaz Al Hokair Group, Gap will open its first Egyptian store in the Mall of Arabia in the capital city of Cairo. Two additional Gap stores will open at Cairo’s City Stars Mall and Sun City Mall this October.

  • Peninsula Town Center, Hampton, Va.

    Columbus, Ohio-based Steiner + Associates announced that the city of Hampton, Va. has been awarded the 2011 Donald E. Hunter Excellence in Economic Development Planning Award by the American Planning Association for the Peninsula Town Center. Located in Hampton, Va., the Peninsula Town Center represents the successful redevelopment of an enclosed mall into a vibrant town center, providing approximately 2,400 new jobs and significantly increasing the taxable sales base in the city. The site has been effectively transformed from the Coliseum Mall into a regional destination.

  • HSN to offer designer exclusive

    ST. PETERSBURG, Fla. — HSN announced that on Sept. 21 and 22 it will debut an exclusive collection from designer Adam Lippes.

    Lippes Love ADAM collection will feature sleek button down blouses, modern wide-leg pants, printed dresses, fur-trimmed outerwear, embellished skirts and cropped jackets, HSN reported.

  • Survey: Retail theft up

    New York City -- Retailers lost $37.14 billion to theft last year, or 1.58% of retail sales, up from 1.44% in 2009, according to preliminary results of the National Retail Security Survey. The annual survey is conducted by the University of Florida for the National Retail Federation, with funding from ADT Commercial.

    As in previous years, employee theft accounted for the largest (approximately 44%) portion of the losses. Shoplifting and organized retail crime was second, with 33%. Administrative errors, vendor fraud and unknown causes make up the rest.

  • Retailers breathe fresh air into U.S. ports

    NEW YORK — Trucks that operate around major U.S. ports tend to be heavier polluters than their over the road counterparts but that situation could change thanks to a new initiative that has drawn support from major retailers and government and non-government entities.

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