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  • Frederick's of Hollywood shuttering 31 stores

    Lingerie retailer Frederick’s of Hollywood is reportedly closing at least 31 of its 93 stores as part of a broader re-engineering effort. 

    According to the Wall Street Journal, Great American Group is overseeing liquidation sales at 31 stores, including the flagship location in Los Angeles. The number of stores to be shuttered may rise slightly.

  • Sears/Kmart: We’re still in business, growing?

    Sears Holdings continues to lose money –- lots of it –- and same store sales declined again during the holidays, but the severity of the company’s losses have diminished, which has Chairman and CEO Edward Lampert believing further improvement is coming as the company transforms to what he calls “a leading integrated membership-focused company.”  
  • Report: Ann Inc. looking to sell

    Ann Inc. may be in talks with at least two potential buyers, according to a report this month from Bloomberg.

    The $1.6 billion owner of the Ann Taylor and Loft women’s clothing stores said in an October regulatory filing it planned to review strategic options and that it is working with JPMorgan Chase & Co.

  • Nordstrom wins with customers, not Street, in Q4

    Nordstrom is doing all the right things when it comes to store traffic, e-commerce and customer service, but it wasn’t enough for Wall Street in the fourth quarter.

    Nordstrom’s same store sales grew 4.7% in the fourth quarter; online sales grew to now represent 40% of the store’s business. And just this month the company was ranked No. 1 in the United States in terms of customer service, according to the American Customer Satisfaction Index.

  • Nordstrom Q4 profit falls on higher costs; will open 26 Rack stores in 2015

    Seattle -- Nordstrom Inc.’s fourth-quarter net income fell a lower-than-expected 4.9% to $255 million, down from $268 million a year earlier, even as its same-store sales topped expectations. The profit decline came amid higher costs, including those related to tech upgrades and its acquisition of Trunk Club, and increased promotions at Nordstrom Rack.  

  • Top Developers, Fastest-Growing Acquirers/3P Managers

    Are you one of America's Top Developers, Acquirers or Third-Party Managers? Chain Store Age will release the results of the 26th Annual Top Developers and Fastest-Growing Acquirers and 3P Managers in the May 2015 issue distributed at the RECon show in Las Vegas.

    The three surveys measure retail and shopping center space developed, acquired and contracted for management/leasing during the 2014 calendar year.  The top five or six companies in each category (by square footage) will be ranked in the May issue. In short:  
     

  • The Corners of Brookfield to break ground spring 2015; Von Maur will anchor

    Milwaukee -- Contracts are finalized and on-site work will soon begin on The Corners of Brookfield, a new 750,000-sq.-ft. premier lifestyle center that will be located on approximately 19 acres of land bounded by West Bluemound Road, North Barker Road and I-94 near Milwaukee.

    The final development agreement has been signed with the Town of Brookfield, demolition of the vacant Menards building on The Corners project site will begin in the coming weeks and a formal groundbreaking is planned for spring 2015.

  • Report: Ann Inc. looking to sell

    Ann Inc. may be in talks with at least two potential buyers, according to a report this month from Bloomberg.

    The $1.6 billion owner of the Ann Taylor and Loft women’s clothing stores said in an October regulatory filing it planned to review strategic options and that it is working with JPMorgan Chase & Co.

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