Department Store

Roots has debuted a new experiential format that brings the iconic Canadian sportswear brand's heritage to life.   Roots' founders, Michael Budman and Don Green, are passionate about the outdoors, camping and Canada, and all three are reflected in the brand's new 5,100-sq.-ft. store, at Yorkdale Shopping Centre in Toronto.  The design of the space alludes to an open, modern cabin that showcases Roots' heritage and culture.  

VEREIT’s Cole Credit Property trust has acquired a thriving, value-oriented Wichita-area center.   The 100,000-sq.-ft. Derby Marketplace in Derby, Kansas, features Ross Dress for Less, TJ Maxx, and Hobby Lobby. It is shadow-anchored by Target and Dillons Marketplace.   Mid-America Real Estate brokered the sale in cooperation with RH Johnson on behalf of the seller, a private developer.

---

 

Although up against a soft comparative from the prior year, it is fair to say that Best Buy has produced a very robust set of second quarter numbers. The 4.9% increase in domestic sales underlines that the company is more than holding its own in the electricals market and should put pay to the oft repeated fiction that retailers of its ilk will struggle to survive in the era of Amazon.  

The nation's largest shopping center operator is suing Starbucks Corp. over its plan to shutter the retailer's 78 Teavana stores in Simon malls.   In a lawsuit filed Aug. 21, Simon Property Group said that Starbucks is breaching its leases by closing the Teavana stores and “shirking its contractual obligations at the expense of Simon’s shopping centers and the dozens of communities they serve and support,” reported the Indianapolis Business Journal.   

Personalization is front and center in a new format from Roots.   The brand's new 5,000-sq.-ft. location, at Yorkdale Shopping Centre in Toronto, has a modern cabin-styled design and outdoorsy feel, with a different outdoor theme in every fitting room, reported the Financial Post.  

Abercrombie & Fitch Co. is entering a new market in the Middle East.    The teen retailer announced that, in partnership with Dubai-based Majid Al Futtaim, it will open the first Abercrombie & Fitch store in Saudi Arabia, at the Red Sea Mall in Jeddah. The store is part of the previously announced franchise agreement between Majid Al Futtaim Fashion and Abercrombie.  

An upscale department store retailer has a new way to bridge the gap between its online and offline shopping experiences.    Nordstrom is rolling out its Reserve Online & Try In-store service to approximately 40 stores across the country. As the program’s name implies, the service allows customers to select items online and try them on in person at their nearest Nordstrom store.  

With traditional anchors closing shop, malls nationwide are struggling to make themselves part of the entertainment business. None, however, are likely to do it as literally as Westfield’s Century City.