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Retail

  • Survey: Subway, Google and Target tops in ‘social currency’

    New York -- Subway, Google, and Target, took the top three spots in “Social Currency Impact Study 2013” from global consulting firm Vivaldi Partners.

  • Wayside to see new tenant openings as part of revitalization

    Boston -- The Wilder Cos. announced that Ethan Allen and Starbucks, along with Potbelly Sandwich Shop, will open at Wilder’s Wayside property in Boston – all part of a multi-phase revitalization project.

  • Bruegger's Bagels to open at Westwind Plaza

    Minnetonka, Minn. -- Brixmor Property Group has announced a 2,108-sq.-ft. lease with Bruegger's Bagels at Westwind Plaza, located in Minnetonka, Minn.

    Brixmor, based in New York City, is the owner of Westwind Plaza.
     

  • Survey: Importers split as to spring sales growth

    New York -- Importers and manufacturers who sell to America's major retailers are split as to whether they believe they will see growth and / or reductions in sales for the spring season, according to Capital Business Credit, a non-bank lender that services the retail sector.

  • Walmart tops list of most valuable U.S. retail brands; Macy’s, Amazon biggest risers

    Dayton, Ohio -- Walmart holds on to the top spot in the annual ranking of the 50 most valuable U.S. retail brands from branding consultancy firm Interbrand. The discounter’s brand value is put at $141 billion (up 1% from the 2012 report.). By comparison, the second-highest ranked U.S. brand, Target Corp., has a value of $25 billion. The Home Depot is solid at number three, with a brand value of nearly $23 billion.

  • Schimenti announces its first project for Vince Camuto

    Ridgefield, Conn. -- Fashion-forward retailer and designer Vince Camuto has tapped Schimenti Construction to build his new store at 667 Madison Avenue in Manhattan.

    Located across from Barney’s, the location will join Vince Camuto’s two existing stores in Manhattan, along with its upcoming location in the Flatiron district.

  • Macy’s investing $35 million to expand online fulfillment center in Arizona

    New York -- Macy’s announced that it will expand its online order fulfillment center in Goodyear, Ariz., to accommodate continued sales growth as part of the company’s omni-channel strategy. The company is expected to invest more than $35 million in capital in the project.

  • Eddie Lampert to remain CEO of Sears for annual salary of $1

    New York -- Eddie Lampert, chairman of Sears Holding Corp., has signed a contract to remain as CEO of the retail company at a salary of $1 per year, the Associated Press reported. Sears announced in January that Lampert would take over as CEO after Louis J. D'Ambrosio stepped down due to family health issues.
        
    Lampert’s new contract is effective Feb. 1, according to a regulatory filing yesterday. Lampert also has the opportunity for a bonus of up to $2 million in cash or stock and up to $4.5 million in stock per year.

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