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Department Store

  • Shoppers World to open at Northern Lights Shopping Center

    Columbus, Ohio -- Tarrytown, N.Y.-based DLC Management Corp. said that Shoppers World has signed a lease at Northern Lights Shopping Center in Columbus, Ohio. The 40,805-sq.-ft. apparel/variety merchandise retailer signed an eleven year lease and will join a dominant tenant lineup at this 361,000-sq.-ft. shopping center including Kroger, Marshall’s, Sears Outlet, and Citi Trends.

    Shoppers World is expected to open in the summer.

  • Two new leases signed at Greenwood Springs shopping center

    Greenwood Springs, Ind. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Greenwood Springs, Ind., to two new tenants at Greenwood Springs shopping center.

    Cannoli Queen has leased 1,400 sq. ft. of restaurant space and Superior Discount Liquors has leased 2,800 sq. ft. of retail space. The businesses are slated to open in the spring.

    The 292,827-sq.-ft. shopping center is anchored by Walmart and Gander Mountain alongside national retailers such as Sport Clips and Buffalo Wild Wings.

  • Survey: J.C. Penney tops in diversity among retailers

    Plano, Texas -- J.C. Penney has been named the No. 1 retailer on Diversity's annual ranking of "Top 50 Companies for Diversity," which recognizes leading organizations for best practices in diversity management.

    It is the second consecutive year that the company has earned its place on the list, moving up 11 spots to No. 35 overall.

  • Muska Milano to open on Madison Avenue

    New York City -- Prudential Douglas Eilliman’s Retail Group announced that in less than two weeks after arranging the sale of a multi-level retail condominium at 1086 Madison Avenue, the retail sales and leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, have leased the boutique space to luxury handbag and accessories importer Muska Milano. 

  • Three retailers to open at Cherry Hill Mall this spring and summer

    Cherry Hill, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that its Cherry Hill Mall property, located in Cherry Hill, N.J., will welcome three new retailers this spring and summer.

    Lids Locker Room opened in March, and two shoe retailers, Traffic and Clarks, are slated to open this summer.

  • Tb!s the bargain shop names CEO

    Mississauga, Ontario -- Tb!s the bargain shop, a leading Canadian discount store chain, announced that Beryl “Jack” Buley has been appointed president and CEO, effective immediately. Tb!s operates 238 stores in Canada.

    Buley’s promotion is designed to position Tb!s to continue to expand its retail footprint and gain share in the Canadian market. Former president and CEO, Michael Roellinghoff, will assume the role of vice chairman of the board.

  • Report: Personalization of store experience is key to retail growth

    Palto Alto, Calif. -- Personalization of the in-store customer experience will be a key objective for retailers over the next two years, according to two new Aberdeen Group reports sponsored by HP.

    According to the 100 senior retail executives surveyed from industries such as apparel, grocery and department stores, 76% do not possess the technology tools or the business processes for executing web, catalog or special orders from stores. This challenge is being fueled by rising consumer expectations of rich, multimedia in-store shopping experiences.

  • Georgetown Co. acquires Old Navy Chicago flagship building for $23 million

    New York City -- Robert K. Futterman & Associates said that it represented buyer The Georgetown Co. in the acquisition of 35 North State Street, a 60,000-sq.-ft. building in Chicago, for $23 million.

    The building is currently net-leased to Old Navy and serves as the retailers’ Chicago flagship. 

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