eCommerce

As part of our ongoing coverage of RECon, the annual retail real estate convention conducted by the International Council of Shopping Centers and held May 22-25 in Las Vegas, Chain Store Age talked with Andy Graiser, co-president of DJM Realty, a Gordon Brothers Group company, based in Melville, N.Y., about his key takeaways from RECon 2011.

Now that RECon 2011 has drawn to a close and we are all settling back into our daily work routines, what are your key takeaways from this year’s show?

Northbrook, Ill. -- Pine Tree Commercial Realty and New York City-based Silverpeak Real Estate Partners announced they have formed a joint venture with the goal of acquiring retail assets and portfolios across the United States.

According to Chris Westfahl, principal of Silverpeak, and Peter Borzak, co-founder and principal of Pine Tree, the new JV – Pine Tree Silverpeak Retail Partners LLC – plans to pursue transactions greater than $10 million and across the risk spectrum, ranging from raw land for development to stabilized core assets.

Seattle -- Kate Spade New York announced it will open its first full-line, Washington State shop at Pacific Place in August.

The shop will open in 1,632 sq. ft. on level 1 next to BCBG.

Pacific Place features 50 shops, restaurants and an 11-screen movie theater at Sixth Avenue and Pine Street in downtown Seattle.

New York City -- Winick Realty Group LLC said that luxury luggage retailer Mitsosa Group has leased its second Manhattan location at 40 East 55th Street, between Fifth and Sixth Avenues.

The 1,150-sq.-ft. store is expected to open in late summer or early fall, and will feature 35 feet of frontage on 55th Street.

According to Winick, the retailer is looking at other tourist-driven areas throughout Manhattan with plans to open three stores within the next 18 months.

New York City -- Cushman & Wakefield announced that Anthropologie will replace the Lowes movie theater on the northwest corner of Third Avenue and 71st Street, in Manhattan.

The theater, which had occupied the space for 50 years, closed at the end of 2010.

The apparel retailer, which has three other locations in New York City (50 Rockefeller Plaza, 85 Fifth Avenue and 375 West Broadway) will occupy approximately 15,000 sq. ft., combining the ground floor and lower level.

Pelham Manor, N.Y. -- Dallas-based SRS Real Estate Partners said it has negotiated an 8,280-sq.-ft. lease for Five Below at Pelham Manor Shopping Center in Westchester County, N.Y.

The new store opened in April.

HINGHAM, Mass. — Talbots reported that first quarter income from continuing operations was $0.9 million, or 1 cent per share, compared with last year’s loss from continuing operations of $7.1 million, or 12 cents per share.

EL SEGUNDO, Calif. — Boyd Clark was named SVP buying at Big 5 Sporting Goods following the resignation of long-time head merchant Thomas Schlauch, the company announced.

CHICAGO and CAMBRIDGE, Mass. and SPRINGFIELD, Mass. and BOSTON — Through a partnership with Incentive Targeting and HaloEffect, Big Y Foods will become the first grocery retailer to offer Groupon deals digitally loaded to shoppers’ loyalty cards, the companies announced.

NEW YORK — New Balance has partnered with supermodel Heidi Klum for a new line of women's footwear to be sold exclusively on Amazon.com, beginning this month.

"We all need a good pair of sneakers whether its for running to the gym or running to the store," said Klum.  "I have extended my line with New Balance and designed a few stylish pairs of sneakers. Very exciting!"