Direct To Consumer (DTC)

DDR has purchased a new Chicago center anchored by a Mariano’s supermarket for $81 million. The 137,618-sq.-ft. property is located on 3030 North Broadway in the Lakeview section of town.   XSport Fitness, PNC Bank, and Starbucks are tenants in the center along with Mariano’s, a chain Chicagoland founded by former Dominick’s deli worker Bob Mariano, who grew it to nearly 48 stores. The chain is now owned by Kroger.  

Whole Foods Market has announced the first Northeast location for its streamlined and value-oriented 365 by Whole Foods Market concept.   The retailer will open a 365 store in Brooklyn, New York, in the Fort Greene neighborhood, not far from the Barclay Center. The opening date was not announced.   Whole Foods debuted the 365 format in 2016, and has opened three locations to date, in Silver Lake, Calif; Bellevue, Wash., and Lake Oswego, Oregon.  

Nordstrom is giving shoppers a new way to earn loyalty points.   As of Friday, Jan. 20, Nordstrom Rewards members will earn points toward Nordstrom Notes when they use their Nordstrom credit and debit cards at the chain’s Trunk Club division, a personalized styling service for men and women, offering both virtual and in-person shopping options.   Additionally, Trunk Club will waive its $25 home try-on fee when shoppers order curated trunks of clothing using their Nordstrom card. 

Another apparel retailer is looking to downsize its store portfolio.   BCBG Max Azria Group plans to close some stores as it turns its focus to licensing, e-commerce and selling through other retailers, Bloomberg reported.     

Bankrupt American Apparel has started the final, most painful chapter in its drawn out saga.   Approximately 2,400 employees of bankrupt American Apparel will soon be out of a job as the company begins to close or sell its three factories in Southern California, reported The Los Angeles Times.    

Frontgate is looking to create a unique shopping experience at its new location in Dallas.       The luxury home decor and furnishings retailer will open what it called its first experiential store in late May, in the Dallas suburbs. The 22,000-sq.-ft. store will be located at Legacy West, a luxury retail development in Plano, Texas.     Frontgate reaches most shoppers through its catalogs and website. The also company operates a handful of brick-and-mortar locations. 

Limited Stores has taken another step in the liquidation process it started in December.   The women’s apparel retailer announced on Tuesday it has filed for Chapter 11 bankruptcy protection. The chain also said it agreed to a "stalking horse" bid for its intellectual property and some related assets from an affiliate of private equity firm Sycamore Partners.     

Amazon has been issued a patent for the design of its Treasure Truck, a vehicle that cruises the streets of Seattle and is stocked with a couple of types of discounted products, Geek Wire reported.    Users of Amazon’s mobile shopping app receive alerts on their smartphones about the deals, which are sold on a first-come, first-served basis.