Discount Store

Seattle -- Nordstrom plans to open a Nordstrom Rack Crossroads at Eatontown in Eatontown, N.J.   The 35,250-square-foot store is scheduled to open in fall 2015. Crossroads at Eatontown is owned and operated by LGR Associates, LP.  

Dallas -- CBRE Capital Markets’ Retail Investment Properties team announced the sale of Towne Square Shopping Center in Plano, Texas. Dallas-based Norman J. Hoppenstein purchased the retail center from an undisclosed seller.  

New York -- Retail sales this holiday season will grow about 4%, according to a survey by brand loyalty and customer engagement consultancy Brand Keys.   In the 2014 Brand Keys Holiday Shopping survey, 54% of consumers indicated they were going to start holiday shopping in November, “a trend we’ve commented upon for a number of years,” said Brand Keys founder and president Robert Passikoff.    

By Craig Johnson, Customer Growth Partners   With a third straight year of dismal retail spending, American consumers will generate only a lackluster 3.4% year-over-year increase in holiday sales, well below the 5% pace in 2010 and 2011, according to Customer Growth Partners’ 14th Annual Holiday Forecast.   

Goodlettsville, Tenn. -- Dollar General Corp extended its $80-a-share tender offer to acquire rival Family Dollar Stores Inc. from Oct. 31, 2014, to Dec. 31, 2014, unless further extended. It is the second time Dollar General has extended its offer.     About 4 million shares, or some 3.6% of Family Dollar's total share capital of about 114 million, had been validly tendered into the offer as of Oct. 30, Dollar General said in a statement.  

Memphis, Tenn. -- Fred's Inc. named Jerry Shore as its next CEO. Shore has served as the company's executive VP and CFO for more than 14 years. He assumed the additional title of COO in Jan. 2014.   Shore's promotion follows follows notification by current CEO Bruce A. Efird of his intention to leave Fred’s upon the expiration of his contract.   

Dallas –- Tuesday Morning Corp. cut its net loss almost in half to $6.23 million in the first quarter of fiscal 2015 from $12 million in the same period the prior fiscal year. Net sales increased 10% to $202.2 million, compared to $183.7 million.    Same-store sales increased 11%. The retailer credited the turnaround phase of its ongoing transformation program for creating the generally encouraging results.  

Clifton, N.J. -- Blink Fitness is set to open its newest New Jersey location at Clifton Plaza in Clifton. The fitness chain will occupy 15,000-sq.-ft. of newly constructed retail space at the 80,000-sq.-ft. shopping center, which is managed and leased by Levin Management. Levin Management negotiated the long-term lease.