Supermarket/Grocery

Thorofare, N.J. -- Retailers in the United States are expected to lose $8.9 billion over the holiday season as a result of shoplifting, dishonest employees and vendor or distribution losses, according to a new study released by the Centre for Retail Research. In total, the losses could represent a 4% increase over the same period last year.

South Elgin, Ill. -- Oakbrook Terrace, Ill.-based Mid-America Asset Management Inc. announced that Shoe Carnival recently leased 10,072 sq. ft. at Shops at South Elgin in Chicago’s west suburbs.

The retailer plans to open in spring 2013 in the 164,502-sq.-ft. shopping center. Shoe Carnival is taking space formerly occupied by Famous Footwear and joins Kohl’s, T.J. Maxx, Pier 1 Imports, Petco and the newly expanded Fruitful Yield Health Foods.  

Delray Beach, Fla. -- Indianapolis-based Kite Realty Group announced that It'Sugar has leased 2,027 sq. ft. at Delray Marketplace located in Delray Beach, Fla.

San Diego -- StepStone Real Estate Services said it has been awarded the property management contract for The Shops at La Jolla Village, located in La Jolla, Calif.

The 100% leased center is the dominant community retail center in the La Jolla/University Town Center market. The 165,597-sq.-ft. center features more than 40 stores, restaurants and services, including Whole Foods Market, Landmark Theatres, CVS Pharmacy, Aaron Brothers, B.J. Pizza & Brewery, Peet’s Coffee & Tea and Verizon Wireless.

North Plainfield, N.J. -- Levin Management Corp. announced that it has secured three new management and leasing assignments involving six properties in New York and New Jersey.
 
The first appointment involves a portfolio of four, privately owned shopping centers in Tappan, N.Y., totaling 76,000 sq. ft. The properties include Tappan Plaza, an adjacent 15,000-sq.-ft. center anchored by Retro Fitness, and twin strip centers Stateline Plaza I and Stateline Plaza II.

Same store sales in November at Target plunged unexpectedly while apparel discounters and Costco kept humming and Kroger extended its string of consecutive comp increases to nine years.

The nations second largest grocer this week reported a third quarter profit, excluding some non-recurring items, of 46 cents that was three cents better than analysts forecast and its identical store sales increased by 3.2%. Total sales including fuel for the period increased 5.9% to $21.8 billion.

It’s common to see BMWs, Mercedes and other luxury makes in Walmart parking lots, but a new study reported on by Ad Age reveals wealthier shoppers prefer Amazon.com

The review of strategic alternatives remains ongoing at Supervalu despite reports about discussions breaking down with one prospective investor.

Deerfield, Ill.  -- Walgreens on Saturday will officially open its 8,000th store nationwide and its first flagship on the West Coast. The store, located in Los Angeles at the iconic corner of Sunset and Vine, features an extensive collection of innovative offerings, products and services, many of which are not standard fare.

NCR agreed to pay $30 a share to acquire retail software and service provider Retalix in a deal valued at $650 million.