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  • Delhaize to spend $1.21 billion on new stores

    Belgium -- Belgian supermarket operator Delhaize Group said Thursday it plans to spend $1.21 billion opening new stores and remodeling existing outlets.

    According to a report by Wall Street Journal, Delhaize, which operates mainly under the U.S. Food Lion, Hannaford and Sweet Bay banners, is making the investments despite a fourth quarter same-store sales decline of 0.8%.

  • H&M leases space for new store at The Forum in Carlsbad

    Newport Beach, Calif. -- Grubb & Ellis Co. said Friday that H&M has leased 19,600 sq. ft. of retail space at The Forum in Carlsbad. 

    The retailer signed a 10-year lease for the space, which includes a portion of the second level of The Forum. The company will take the majority of the space currently occupied by Borders Direct LLC, which is expected to vacate in spring 2011. 

    The retailer, which plans to open its Carlsbad location in summer 2011, now has 2,200 stores in 38 countries.

  • Tommy Bahama to open first NYC store in historic landmark building

    New York City -- Real estate firm The Feil Organization announced Friday that Tommy Bahama has signed a groundbreaking lease for the opening of its first Manhattan store at 551 First Avenue at 45th Street.

    The Seattle-based chain signed a 12-year lease agreement and will occupy 8,500 sq. ft. on the ground, mezzanine and basement levels of the renowned art deco Fred F. French building that is owned and managed by The Feil Organization.

  • Inland buys nine Dollar General stores

    Oak Brook, Ill. -- Inland Real Estate Acquisitions said Thursday it has purchased nine Dollar General stores in Alabama and Georgia for $8.5 million.

    According to a report by the Atlanta Business Chronicle, the stores were built in 2010 and all leased to Dollar General Corp. through 2025 with multiple renewal options.

    The stores range in size from approximately 9,000 sq. ft. to 10,600 sq. ft.

  • Obama support could propel Walmart growth forward

    Washington, D.C. -- An endorsement by First Lady Michelle Obama of its new food nutrition and health initiative has helped to propel Wal-Mart Stores forward in its plans to remove political obstacles to further U.S. growth.

    The new healthy food drive, in which Walmart is reformulating its Great Value private-label foods to reduce sodium and sugar contents, was announced on Thursday at a community center in a low-income area of Washington, D.C. It was attended by the First Lady, who also leads an administration initiative to fight childhood obesity.

  • Retailers name store expansion as top priority for 2011

    WASHINGTON — Retailers are ready to expand again, and likely will do so as the economy picks up, according to a new survey conducted by the charitable arm of the National Retail Federation and KPMG.

  • New York & Co. hires former Coach exec

    New York City -- New York & Co. announced on Wednesday the appointment of David Witkewicz to executive VP design, effective this month.

    Witkewicz will report to Greg Scott, president, and will serve on the company’s executive committee.

    Witkewicz was previously VP design for Coach.

  • Amazon buys European movie rental service Lovefilm

    New York City -- Amazon.com said Thursday it is buying Lovefilm, a European movie rental service akin to Netflix, according to a report by the Associated Press.

    Terms of the acquisition were not disclosed.

    Lovefilm operates in the United Kingdom, Germany, Sweden, Norway and Denmark. Much like Netflix, it is a subscription-based service through which people can rent movies by mail or watch them on TV or any other device with a high-speed Internet connection. The company also offers TV shows and games.

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