Mass Merchant

New York -- Confirming the rumors that have swirled for the last few days, Seattle-based Nordstrom said Thursday that it has found a site for its full full-line department store in New York City.

The 285,000-sq.-ft. flagship will open along the 57th Street corridor at 225 West 57th – between Broadway and Seventh Avenue – at a site owned by Extell Development Co.

The store is expected to open in 2018.
 

NEW YORK — With the Nordstrom name often associated with high fashion, it is surprising that the retailer does not already have a flagship in New York City. In 2018, however, that will all change when the first full-line Nordstrom's store opens in the Columbus Circle area of Manahttan.

The store is being built by Extell Development Company and will occupy 285,000 square feet.

SAN DIEGO — Genius Brands International has named Sunscape Eyewear as an eyewear licensee for its Baby Genius brand.

The two-year agreement grants Sunscape rights to manufacture and distribute worldwide Baby Genius-themed eyewear for boys and girls ages 0 to 4 years featuring Baby Genius characters. Product categories include sunglasses, eyewear and eyewear accessories such as croakies and cases.

Matthews, N.C. -- Family Dollar Stores Inc. reported Thursday that profit for the quarter ended May 26 rose 12.1% to $124.5 million, compared with $111.1 million in the year-ago period.

Sales increased 9.6% to $2.36 billion, just missing Wall Street’s forecasts of $2.37 billion in sales. Same-store sales climbed 5%.
   

MINNEAPOLIS — Target has donated $30,000 in monetary support and product to assist with Colorado wildfire relief efforts. A $17,500 cash donation was distributed among several American Red Cross chapters in Colorado in addition to $5,000 in product donations for essentials such as water and food. A separate donation of $7,500 in gift cards was given to other nonprofit organizations in the affected areas.

LOS ANGELES — Walmart is offering its customers more ways to connect with the availability of a new prepaid mobile broadband service from TruConnect Mobile.

Walmart is now the exclusive provider of Internet on the Go, powered by the MiFi 2200 Intelligent Mobile Hotspot and a service plan from TruConnect with no monthly fee and where the data balance never expires (if used once a year). This is different from other low-cost prepaid monthly services where unused megabytes are wasted at the end of the month – potentially driving up the cost.

Fort Worth, Texas -- Fort Worth-based Trademark Property Co. said Tuesday that Dick’s Sporting Goods will open at Alliance Town Center, located in North Fort Worth.

The 50,000-sq.-ft. store will anchor a 140,000-sq.-ft. Phase 2 of the center. Construction on Dick’s is scheduled to begin in July with opening set for summer 2013.

Alliance Town Center, currently 800,000 sq. ft., is a joint venture of Hillwood and Trademark, and is part of the 17,000-acre Alliance, Texas, master-planned community.

Edgewater, N.J. -- North Plainfield, N.J.-based Levin Management Corp. announced that HomeGoods, a TJX Cos. banner, will anchor the 100,000-sq.-ft. retail component of Edgewater Harbor, a mixed-use waterfront redevelopment in Edgewater, N.J.

HomeGoods has leased 24,000 sq. ft. and will join newly opened CVS Pharmacy, Moe's Southwest Grill, AT&T, Beach Bum Tanning, Epique Massage and Edgewater Dry Cleaners.