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March decline at Target no surprise
Target had forecast a mid-single decline in its March same-store sales, so the 5.5% decline it reported last week was no surprise. The late arrival of Easter is messing with retailers’ sales comparisons, so even though March was a down month for Target, it could have been worse as the comparison with the prior year was a lofty 10.3%. Therefore, last month’s 5.5% decline is a victory of sorts, and March results for retailers overall were better than expected.
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NY Bagel Café & Deli to open at Shoppes of Kildaire
Cary, N.C. -- Jacksonville, Fla.-based Regency Centers said it has leased 1,626 sq. ft. of restaurant space NY Bagel Café & Deli, which is opening its new store at Shoppes of Kildaire, located in Cary, N.C.
NY Bagel is slated to open this summer, and its addition brings the shopping center to 97% leased.
The 147,651-sq.-ft. Shoppes at Kildaire is anchored by Gold’s Gym and Home Comfort Furniture alongside national retailers such as Trader Joe’s, Staples, Massage Envy and Subway.