Discount Store

New York -- Forever 21 will debut a new retail concept on May 3, at Azalea Shopping Center in South Gate, California. Called F21 Red, the format will offer fast-fashion and low prices.

The new concept will offer a larger selection of starting price points, including $1.80 camisoles and $7.80 denim for women and girls, according to a report by California Apparel News. The men’s selection will include T-shirts and tank tops for $3.80.

Miami Gardens, Fla. — Demolition has begun at Palmetto Gardens Plaza, a 7.1-acre shopping center site in Miami Gardens, Fla. The site is being prepared for the development of a 63,000-sq.-ft. shopping center that will include a 41,000-sq.-ft. Wal-Mart Neighborhood Market and an additional inline and outparcel space of 20,000 sq. ft. — now available for lease.

Hong Kong -- Wal-Mart Stores Inc. is changing the management structure of its Asia operation with a series of promotions. Scott Price, currently president and CEO of Walmart Asia, will move to a senior management role as executive VP, international strategy and development, real estate, mergers and acquisitions, integration and purchase leverage, based at Wal-Mart's world headquarters in Bentonville, Arkansas.

Columbus, Ohio – Lane Bryant opens a new store at Genesee Valley Center in Flint, Michigan, on April 25. From April 25-27, Lane Bryant will give away 50 $25 gift cards each day.

Lane Bryant operates 775 stores across the U.S.


 

Seattle – Nordstrom Inc. plans to open a Nordstrom Rack at Winrock Town Center in Albuquerque, New Mexico. The approximately 33,500-sq.-ft. store is scheduled to open in fall 2015.

The new Nordstrom Rack will be the company's first retail location in New Mexico.

Salt Lake City -- Overstock.com, Inc. has promoted Seth Marks to the position of senior VP of merchandising and strategic sourcing for the online shopping site.

Marks began his work at Overstock.com in 2013, and has served as VP of sales and special acquisitions. Previously, he co-founded Big Lots Capital, the special acquisitions arm of Big Lots, Inc., and served there as the VP of merchandising.  He also was chief marketing officer and Acquisition Group president of Tuesday Morning Corp.

New York —River Bay Plaza in Riverview, Fla., has sold for $5.8 million. Cohen Real Estate represented the buyer and seller, both private investment firms.

Located in Hillsborough County, the 79,288-sq.-ft. neighborhood shopping center is anchored by Winn Dixie, which recently exercised a lease option. Other recent developments include a new 10-year lease for Aaron’s and an option exercised by Dollar Tree.

About 163,000 people live within a five-mile radius of the center. Average annual household income is $70,000.

Dublin, Ireland – Discount fast-fashion retailer Primark, the Dublin-based subsidiary of U.K. retail and consumer group Associated British Foods, plans to enter the United States, opening a location in Boston. The 70,000-sq.-ft. store will open at the end of 2015 and be on the site of the former Filene's department store in the city’s downtown area.