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Let the good times roll
Stronger-than-expected retail sales in June had media outlets using words like “soar” and “surge” to describe the gains reported by retailers who disclose monthly results. While it is probably overstating things to characterize increases of 4.5% at Target, 6.7% at Macy’s and 4.8% as Walgreens as anything other than an “increase,” the hyperbole on the part of the media and analysts can be forgiven because everything is relative, and the numbers are fantastic compared with earlier this year.
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Heritage Plaza, Irvine, Calif.
The country’s largest Japanese supermarket chain will debut at Heritage Plaza, in Irvine, Calif.
According to shopping center owner Regency Center, based in Jacksonville, Fla., it has leased 13,853 sq. ft. at Heritage Plaza to Mitsuwa Marketplace. The Asian grocer, which has eight other U.S. locations, including six in California, is slated to open in fourth quarter 2011, in a former Ace Hardware space.