Skip to main content

Department Store

  • WP Glimcher completes sale of two non-core malls for $30 million

    Columbus, Ohio -- WP Glimcher has completed the sale of Forest Mall in Fond Du Lac, Wisconsin and Northlake Mall in Atlanta. The two non-core assets were sold to private real estate investors for $30 million.

  • Analysis: Why J.C. Penney will win with appliances

    Photo: J.C. Penney launched appliances at 22 stores in three test markets this week, including the inviting presentation shown above at a store in Tampa.

    Large appliances are back at select J.C. Penney stores after a 30 year hiatus and when – not if – the merchandising initiative is rolled out more broadly the contribution to same store sales growth could be huge.

  • dd’s Discounts up store count in Texas, Arizona

    dd’s Discounts, a division of Ross Stores, Inc. will open a 20,000-sq.-ft. store at Parkshire Center in Wilcrest, Texas on Feb. 6. The location is 14 miles southwest of downtown Houston, at the intersection of Highway 59 and Wilcrest Drive.

    The new store ups dd’s store count in Texas to 37 locations, making it the retailer’s second largest state. With the new opening, the chain will operate 175 locations in 15 states.

  • Coach to go big on Fifth Avenue

    Coach will celebrate its 75th anniversary with the opening of a three-level flagship on Fifth Avenue in Manhattan,

    The store, at the corner of Fifth Avenue and 54th Street, is due to open in the fall.

  • Destination XL the momentum — and store expansion — going

    Destination XL increased its earnings guidance for fiscal 2015 after the men's big-and-tall retailer pre-announced increased profit and high single-digit same-store sales for the fourth quarter.

  • Macy’s creates two new C-level positions

    Macy’s named longtime executive Peter Sachse to a new position with added responsibility for merchandising and said Justin S. MacFarlane joined the company as chief strategy, analytics and innovation officer.

    The company said the changes were part of the company’s plan to, “aggressively to grow its omnichannel business based on intensive insight into evolving consumer preferences and changing shopping patterns.”

  • H&M’s brick-and-mortar expansion continues at torrid pace

    H&M isn’t letting a challenging retail environment stand in the way of its physical expansion.

    The Swedish retail powerhouse plans to open 425 stores in 2016, with a focus on expansion in the United States and China. The company will also enter several new markets this year, including New Zealand, Puerto Rico and Cyprus.

    In addition, the chain will expand its e-commerce site to several markets, including Ireland, Japan, and Greece.

    At the close of its fiscal year, H&M operated 3,924 stores in 61 markets.

  • Metro Commercial Negotiates Sale of Home Depot Plaza

    Upper Darby, Pa. -- Metro Commercial Real Estate announced that is has negotiated the sale of the 307,000-sq.-ft. Home Depot Plaza in Upper Darby, Pennsylvania.

    The purchaser, a life insurance company, values the long-term nature of the anchor leases, Home Depot and Acme, and the population density of the area.

X
This ad will auto-close in 10 seconds