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  • DDR to acquire select power enters for $1.46 billion

    Beachwood, Ohio -- DDR Corp. announced an agreement to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII.  The acquisition is slated to close in fourth quarter 2013.
     
    The joint venture between Blackstone and DDR currently owns 44 shopping centers, and DDR will acquire Blackstone's 95% common equity ownership interest in 30 of the shopping centers for $1.46 billion.

  • Century 21 tries out smaller footprint

    ELIZABETH, N.J. — Century 21 is opening a new concept store at the Outlet Collection Jersey Gardens in Elizabeth, N.J. The retailer hopes a smaller footprint will offer shoppers an “elevated shopping experience” with a highly edited assortment of fashion and accessories for men and women.

  • Dollar General is hiring

    GOODLETTSVILLE, Tenn. — Dollar General is gearing up for a nationwide career fair to be held at 170 locations in 40 states Saturday, May 18. The event is part of the retailer's efforts to hire 10,000 new employees in May.

  • Gordmans names planning, allocation exec

    Omaha, Neb. -- Apparel and home-décor retailer Gordmans said Tuesday it has appointed Geoffrey Ayoub as senior VP planning, allocation and analysis.

    Ayoub joins Gordmans from EDCON, a South African-based retailer operating over 1,000 stores in multiple retail formats throughout five countries. At EDCON, he served as chief planning officer responsible for all aspects of merchandise planning, allocation, replenishment and merchandise analysis.

  • Foot traffic, sales trends bolster Five Below’s Q1

    PHILADELPHIA — Teen discounter Five Below increased its first quarter profit forecast as sales for the period increased 33% to $95.6 million and same store sales advanced 4.2%.

  • Dollar General seeks 10K new hires in May

    Goodlettsville, Tenn. – Dollar General plans to hire 10,000 new employees this month. As part of the effort, the discount retailer will host a nationwide career fair at 170 locations in 40 states on May 18.

  • Dillard’s to anchor Fremaux Town Center second phase

    Slidell, La. -- Dillard’s will anchor the fashion-oriented Phase II of Fremaux Town Center in Slidell, La., according to co-developers CBL & Associates Properties, based in Chattanooga, Tenn., and Stirling Properties out of Covington, La. Phase I of the project is currently under construction with approximately 330,000 sq. ft. anchored by Kohl’s, Dick’s Sporting Goods, Michael’s, T.J. Maxx, and Best Buy. Phase II will include up to 320,000 sq. ft. of additional retail space.

  • WS Development to build new Connecticut outlet center

    Cheshire, Conn. -- WS Development, based in Chestnut Hill, Mass., announced plans to build an open-air shopping, dining and entertainment complex in Cheshire, Conn., called The Outlets at Cheshire.

    The center will also include public open space, walkways, recreation amenities, a residential component and full service grocer.  

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