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  • Vestar appoints Clint Marchuk VP of acquisitions

    Phoenix — Vestar has appointed Clint Marchuk VP of acquisitions. His responsibilities include identifying, evaluating and carrying out shopping center acquisitions in Arizona, Utah, Colorado, New Mexico and Texas.

  • Build-a-Bear Workshop expands to Turkey

    St. Louis - Build-A-Bear Workshop has reached an agreement with Horizon Toy Company of Turkey as a new international franchisee. The first Build-A-Bear Workshop store in Turkey is expected to open in Mall of Istanbul in June 2014.

    With the store opening in Turkey, Build-A-Bear Workshop will now operate in 15 countries through franchisees. Those countries include Australia, Bahrain, Denmark, Germany, Japan, Kuwait, Mexico, Norway, Oman, Singapore, South Africa, Sweden, Thailand and United Arab Emirates.

  • Hot Concepts & Coming Attractions

    Sweaty Betty

    There’s a new high-end fashion activewear brand in town, and this one speaks with a British accent. London-based Sweaty Betty opened its first two U.S outposts last year, one in Manhattan’s SoHo neighborhood, and one in Greenwich, Conn. A third is expected to open in 2014.

  • Rite Aid’s sales rise in April

    Rite Aid posted $2 billion for the four weeks ended April 26, representing a lift of 4.9%. Same-store sales increased 5% over the prior-year period.

    April front-end same-store sales increased 4.7%, with 4.6% of the increase attributable to a shift in the timing of Easter, which fell on April 20 this year, compared with March 31 last year. Pharmacy same-store sales, which included an approximate 138 basis points negative impact from new generic introductions, increased 5.2%. Prescription count at comparable stores increased 2.3% over the prior-year period.  

  • Transforming Real Estate Management with Big Data

    In an era of Big Data, retailers are finding new ways to leverage that information to improve processes and consumer engagement. However, there’s one area where Big Data can have a big impact that companies in the retail space may be missing: real estate.

    Mark Ledbetter, global VP retail strategy for SAP, recently spoke with Chain Store Age about the promise of Big Data for retail real estate, and how retailers can best take advantage of it.

    Where does retail real estate data originate?

  • Lifetime Brands’s growth initiative pays off in Q1

    Lifetime Brands, a leading global provider of branded kitchenware, tableware and other products used in the home, is seeing the results of its aggressive growth strategy — which included the acquisition of four businesses during the period — in the first quarter ended March 31.

    Consolidated net sales for the quarter were $118.4 million, soaring 20% from $98.7 million for the corresponding period in 2013.

  • Three new tenants for Legends Outlets Kansas City

    Kansas City, Kansas — Legends Outlets Kansas City — in Kansas City, Kansas — has announced the addition of three new tenants: Woody’s Automotive, Nail Envy and Bath & Body Works. Each plans to open in this spring.

    Woody’s Automotive, a used car concept, will open on May 8 in a 507-sq.-ft. space next to Panera Bread.

    Nail Envy, plans to open May 14 in the adjoining shopping center across from Yard House. The salon and spa will occupy a 3,000-sq.-ft. space next to Payless ShoeSource.

  • Blue Nile has fine Q1

    Seattle – Blue Nile Inc. reported increases in net income and sales during the first quarter of 2014, compared to the same period in the prior year. Net income rose 30% to $1.07 billion, from $832 million.

    Net sales increased 6.8% to $103.7 million, compared to $97.1 million. Looking ahead, Blue Nile expects net sales between $108 and $113 million during the second quarter of fiscal 2014 and net sales between $485 and $510 million for fiscal 2014.

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