Skip to main content

eCommerce

  • Walgreen profit leaps 69% in Q4

    Deerfield, Ill. -- Walgreen Co. reported Tuesday that profit for its fiscal fourth quarter surged 69%, in part due to gains from the $525 million sale of its pharmacy benefits management business Walgreens Health Initiatives during the quarter.

    Net income for the quarter ended Aug. 31 rose to $792 million, up from $470 million in the year-ago period and surpassing Wall Street expectations.

    Revenue rose 6.5% to $18 billion and same-store sales increased 4.4%.

  • Trend Talk

    Any early skepticism about the longevity of mixed-use has been silenced. The art of combining components to create a live-work-play project has evolved into a science. And those that have become particularly adept at building, leasing and managing mixed-use properties say that the right formula makes for a successful development. 
Chain Store Age talked with three top developers of mixed-use projects and uncovered several trends that are governing, and continuing to evolve, the format.


    Trend #1: Adding local flavor 


  • Focus on: Del Mar Highlands Town Center

  • Aquadora to open new restaurant at Village on the Green

    Dallas -- Cypress Equities said Tuesday that Dallas mixed-use development Village on the Green will showcase a new fine dining restaurant Aquadora.

    The 6,052-sq.-ft. restaurant is slated to open before the end of the year in the space formerly occupied by GoFish.

    The restaurant owners, LIG Entertainment Management, have remodeled the former GoFish dining area and extended the lounge.

  • Castro-Wright retirement opens door for new social commerce leadership

    BENTONVILLE, Ark. — Wal-Mart Stores is in search of a new head of its global ecommerce and global sourcing businesses now that Eduardo Castro-Wright announced his retirement effective July 1, 2012. Walmart said it intends to name new leadership for these businesses by the end of January, after which Castro-Wright will assist in the transition.

  • Focus on: Retail Finance

  • Limited Edition Retail

  • La Prairie to expand on Fifth Avenue

    New York City -- High-end Swiss cosmetic retailer La Prairie will expand its Fifth Avenue location, between 53rd and 54th Streets.

    According to its real estate representative Cushman & Wakefield, La Prairie will expand and occupy an additional 9,400 sq. ft. and the entire 11th floor of its existing building. The company also occupies the entire 13th and 14th floors.

    La Prairie will occupy a total of 22,110 sq. ft. in the 26-story building.

X
This ad will auto-close in 10 seconds