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Mass Merchant

  • Nordstrom Rack to open at Westfield Plaza Bonita

    Seattle --Nordstrom announced it will open a 42,222-sq.-ft. Nordstrom Rack at Westfield Plaza Bonita shopping center in National City, Calif. The new store will open on Oct. 27.

    The new Nordstrom Rack will be the company's third Rack store in the greater San Diego area, joining Westfield Mission Valley in San Diego and Grand Plaza in San Marcos.
     

  • Saks reports Q1 profit soars 51%

    New York City -- Citing a strong rebound in luxury spending, Saks reported Tuesday that net income for the quarter ended April 30 soared 51% to $28.4 million, compared with $18.8 million in the year-ago period.

    Revenue rose 9% to $726 million, and CEO Stephen Sadove said that he is “increasingly optimistic about the future. With the rebound in the financial markets, the luxury sector has rebounded as well.”

    The retailer reported that same-store sales surged 10.2% in the quarter.
     

  • Soma Intimates to open at Town Center at Boca Raton

    Boca Raton, Fla. -- Indianapolis-based Simon Property Group announced that Soma Intimates, a Chico FAS company, will open on May 25 at Town Center at Boca Raton, located in Boca Raton, Fla.

  • Voorhees Town Hall opens at Voorhees Town Center

    Voorhees, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust announced Monday that Voorhees Town Hall has opened at the mixed-use Voorhees Town Center, located in Voorhees, N.J.

    On Monday, more than 50 Voorhees Township employees moved in to the new municipal office, which is located on the upper level of the mall across from Macy’s and also features a street-level entrance.

  • Walmart 1Q EPS beats guidance, but U.S. comps still a sore spot

    BENTONVILLE, Ark. — Walmart reported first-quarter earnings that were above the company's guidance, reflecting stability and strength in global operations, according to president and CEO, Mike Duke.

    Walmart's net income was $3.4 billion, or 98 cents per diluted share, compared with net income of $3.3 billion, or 87 cents per diluted share. 

  • Dick's Sporting Goods profit, sales up in Q1; 37 stores on tap

    Pittsburgh -- Dick's Sporting Goods reported Tuesday that net income for the first quarter rose to $37.5 million, compared with $26.2 million a year earlier.

    Net sales increased 6.3% to $1.1 billion. Same-store sales rose 2.1%.

    The retailer will open 34 new Dick's Sporting Goods stores in 2011, as well as remodel 14 existing locations. It also plans to open approximately three Golf Galaxy stores and relocate one Golf Galaxy store this year.

  • Blue Moon Apparel to open at Auburn Village

    Auburn, Calif. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Auburn, Calif., at Auburn Village to Blue Moon Apparel.

    Opening its third women’s apparel location, Blue Moon Apparel has leased 1,400 sq. ft. of space and will open in June.

    The 134,000-sq.-ft. shopping center is anchored by Bel Air grocery store alongside national retailers such as CVS/pharmacy, Dollar Tree and Subway.
     

  • DSW opens two Connecticut stores with Centro Properties Group

    New York City -- Centro Properties Group, based in New York City, announced that two DSW stores recently opened in Connecticut; in North Haven, a 24,824-sq.-ft. store opened, and in Manchester, a 20,000-sq.-ft. store opened.

    The North Haven store is located at North Haven Crossing, and the Manchester store is located at Slater Street, near Buckland Hills Mall.
     

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