Discount Store

Tuesday Morning, a leading closeout retailer with 819 stores across the United States, has appointed Douglas B. Sullivan as SVP for real estate and Michael J. Jones as SVP and chief information officer.

Most recently, Sullivan served as EVP for development at Michaels, where he led the company's real estate strategy development and rollout.  

Columbus, Ohio – Big Lots Inc. is hosting three career fairs in the San Francisco Bay and San Jose areas the first week of March. The retailer has opportunities for experienced store management, entry-level management, store associates, and stockers.

"We're looking for people committed to delivering terrific service in a fast-paced retail environment," said regional HR manager Bill Armstrong. "This is a great opportunity to meet and interact with a prospective employer and make a real impact."

Denver — H&M has signed a lease for 20,000 sq. ft. at The Orchard Town Center, a 914,000-sq.-ft. open air regional retail center in Westminster, Colo., according to Vestar, the property’s owner. H&M plans to open the new store in the fall.

The addition of H&M comes less than two months after Vestar acquired the property for $123.5 million in an all cash transaction. Vestar plans to redevelop the project, rebranding the center with new amenities while brining in new retailers.

Seattle – Holiday markdowns and costs associated with growing its Nordstrom Rack outlet brand and planned entry into Canada had a negative impact on net earnings at Nordstrom Inc. during fourth quarter 2013. Fourth quarter net earnings slipped 6% compared to the same quarter the prior year, to $268 million from $284 million.

Net earnings for the full fiscal year remained almost flat, slightly rising to $735 million from $734 million. Both earnings figures fell short of Wall Street expectations.

Paramus, N.J. — Vornado Realty Trust has announced an agreement to sell the 1.1 million-sq.-ft. Broadway Mall in Hicksville, Long Island, N.Y., for $94 million to an unknown buyer. The company purchased the mall in 2005 for $152.5 million.

In April 2012, the company announced its intention to reduce exposure to the enclosed mall business and to sell some of its other categories of retail shopping centers. This sale, Vornado’s last shopping center on Long Island, represents a continuation of that policy.

Chicago — Forever Yogurt and T’s Code, a women’s clothing boutique, have leased shops in Glen Town Center in Glenview, Ill. Forever Yogurt has taken 1,134 sq. ft., and T’s Code will occupy 1,789 sq. ft. CBRE represented the landlord, Bank of America Commercial Mortgage, in both leases.

Dublin, Calif. -- Ross Dress for Less will open its first store in Oakland, Calif. on March 8, bringing the total to more than 250 stores in California, the retailer’s largest state. The new location will be in Foothill Square in Oakland.  

Together, Ross Dress for Less and DD’s Discounts currently operate approximately 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.