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Department Store

  • Jos. A. Bank opens at Willow Grove Park

    Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Jos. A. Bank has opened at Willow Grove Park, in Willow Grove, Pa.

    The 4,465-sq.-ft. store is located next to Bloomingdale’s and joins other men’s fashion collection stores Men’s Wearhouse and Tux, Express, J. Crew, Banana Republic and Guess.

  • Nordstrom Q1 income surges 25%; rolling out mobile checkout devices

    Seattle -- Nordstrom reported Thursday that its first-quarter net income rose 25% on improved revenue. But the company lowered its full-year outlook to reflect the impact of its acquisition of private-sale website HauteLook.

    Nordstrom said it earned $145 million for the quarter that ended April 30, up from $116 million in the same quarter last year. (The figure includes a charge related to the HauteLook acquisition.) Revenue increased 12% to $2.23 billion. Same-store sales were up 6.5%.

  • Report: Target’s Valley Stream, N.Y., store to vote on union

    New York City -- Target Corp. and United Food and Commercial Workers Local 1500 have settled a dispute regarding which workers may cast ballots in a union election at the retailer's Valley Stream, N.Y., store, paving the way for the National Labor Relations Board to schedule the vote, Crain’s New York reported.

    The election next month will apparently be the first at a Target store since 1990, when a union drive failed at a Detroit store.

  • Cole Real Estate selects Grubb & Ellis to lease Whittwood Town Center

    Newport Beach, Calif. -- Grubb & Ellis Co. said that Cole Real Estate Investments has selected members of the company’s Retail Group to lease Whittwood Town Center, a 686,211-sq.-ft. shopping center in Whittier, Calif.

    Whittwood Town Center is approximately 97% leased, with national tenants including J.C. Penney, Target, Vons, Kohl’s, PetSmart, 24 Hour Fitness and Panera Bread.

  • The Foundry Big & Tall Supply Co. opens at The Centre at Preston Ridge

    Frisco, Texas -- New York City-based Centro Properties Group said that The Foundry Big & Tall Supply Co. has opened at Preston Ridge, located in Frisco, Texas.

    The 5,000-sq.-ft. store is part of the new Growth Brands Division at J.C. Penney Co.

    Preston Ridge is owned by Centro.
     

  • Amazon.com tops in online customer satisfaction

    Ann Arbor, Mich. -- Amazon.com was the top performer in a review of the Top 100 online retailers by ForeSee Results. The annual report, Top 100 E-Retail Satisfaction Index, includes individual satisfaction scores with the 100 top e-retailers for the past seven years, allowing for comparisons over time and between companies.

  • Whole Foods to open in Minnetonka

    St. Paul, Minn. -- Paster Enterprises announced that Whole Foods Market is opening a 32,000-sq.-ft. standalone location at the company’s Minnetonka property.

    Construction on the project, a joint venture between Paster Enterprises and Shiner Capital Partners, a Chicago-based real estate investment firm, officially began on April 20.

  • Boynton Beach Mall announces new retailers and CCS south Florida debut

    Boynton Beach, Fla. -- Indianapolis-based Simon Property Group announced that its Boynton Beach Mall property recently welcomed eight new local retailers to its tenant lineup and has also announced the South Florida debut of CCS, a national skate and extreme sports concept store from Foot Locker, to open later this year.

    Additionally, several national retailers are in the process of renovating and updating existing locations at the regional shopping mall.

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