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  • Tuesday Morning comp-store sales rise in Q1

    Closeout retailer Tuesday Morning reported a comparable-store increase of 9.1% for the first quarter ended Sept. 30, compared to the year-ago quarter. The comparable-store sales growth was fueled by a 13.4% increase in customer transactions and a 4.3% decrease in average ticket.

    The company reported a net sales increase of 6.3% to $183.7 million, compared to $172.8 million in the year-ago quarter.

  • Capitol Hill’s Ripple Effect on Retailers

    By James McCandless and Kenneth Katz,  X Team International

    The recent government shutdown has analysts scrambling to determine how much damage was done to the national economy. From a retail perspective, understanding the scale and scope of the shutdown requires a more thorough understanding of the issues at play; including a closer look at how retailers responded and a breakdown of how the lingering effects of the partial government closure may impact the holiday sales season.

    The ripple effect on retail

  • Sears conducting wide-ranging strategic view of business

    Sears Holdings is considering spinning off its Lands’ End and Sears Auto Center brands as part of a wide-ranging strategic review of its business. The company’s Sears Canada subsidiary has also sold five Canadian store leases to Cadillac Fairview Corporation Limited for about $383.4 million.

  • Kmart expanding online and in-store conveniences to Puerto Rico

    Hoffman Estates, Ill. -- Kmart announced it is extending its integrated retail shopping strategy, which connects online and in-store shopping channels to provide more flexible ways to shop, to customers in Puerto Rico. For the first time this holiday season, Puerto Rico-based Kmart customers and Shop Your Way members will have access to online layaway, store-to-home shipping, free Anyone, Anywhere pickup and free store pickup.

  • Divaris leases nearly 7,000 sq. ft. to Goodwill

    Washington, D.C. — Divaris Real Estate has announced that Goodwill has signed a 6,954-sq. ft. lease at Divaris-leased Maddex Square Shopping Center in Shepherdstown, W. Va.

    Divaris     represented the landlord in the lease negotiations. Food Lion and McDonalds anchor Maddex Square.

     

  • Target to open 33 Canadian stores in November

    Mississauga, Ont. – Target Canada has announced the opening dates for 33 additional Canadian store locations spanning across nine provinces, including its first stores in New Brunswick, Prince Edward Island and Newfoundland.

    Thirty-one store locations are scheduled to open on Nov. 13, and the remaining two locations will open on Nov. 22, completing Target's Canadian store openings for 2013.

  • SRS brokers four shopping center sales since August

    Dallas — SRS Real Estate Partners’ southeast investment sales team has closed five retail shopping center sales since August. The transactions total more than $60 million and over 575,000 sq. ft. of retail real estate. Here are the details:

  • Fountain Mathes I acquires shopping center portfolio

    New York -- Fountain Capital and Cheney & Mathes Properties have announced through their partnership, Fountain Mathes I, that they have acquired a 450,000-sq.-ft. portfolio of retail shopping centers with 16 properties in 10 states. Each center is shadow-anchored by Wal-Mart projects.

    The centers largely contain national credit tenants such as AT&T, Cato, Dollar Tree, GameStop, Hibbett Sports, Payless and Shoe Show. The portfolio is 95% occupied.

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