Retail

New York — Pita Grill has signed a 12-year lease for 2,700-sq. ft. in Greenwich Village at 496 LaGuardia Place between West Houston and Bleecker Streets. The space includes 1,350 sq. ft. on the ground floor and 1,350 sq. ft. on the lower level. The quick-service restaurant will be the chain’s ninth location since if first opened a few blocks away at West 4th Street in 1994.

Paris -- Shopmium, the new brand discovery app, has officially launched in the U.S. on both iOS and Android platforms. Shopmium’s model enables advertisers to promote products through a targeted media approach that delivers mobile brand experiences and discount offers to users.
 

Cincinnati – The Kroger Co. is collaborating with EInfochips and Wincor-Nixdorf to introduce a new enterprise IT architecture called Retail Site Intelligence (RSI). This store uses ZigBee wireless mesh networks to integrate long battery life sensors, handheld devices, point-of-sale devices and video management software into a next-generation platform for retail applications such as loss prevention, store automation and analytics.

Hampstead, Md. – Jos. A. Bank Clothiers posted a profit of $27.4 million for the fourth quarter, down from $28.4 million in the year-ago period. The retailer’s earnings were impacted by legal and professional costs related to its upcoming acquisition by The Men’s Wearhouse and other strategic moves.

Minneapolis -- Target announced plans to open a store in Westwood, Mass., opening in March 2015.

The 135,000-sq.-ft. store will be part of the new University Station development. It will be the 26th Target store in the Boston area.

New York -- The Neiman Marcus Group is reorganizing its leadership structure by merging its stores and online management structure into one team as it looks to expand its presence across all channels. The change will take effect April 14.

New York — JLL has named Robert Gibson vice chairman of New York retail brokerage. He will be responsible for the growth of retail tenant and agency leasing in New York.

Most recently, vice chairman with Cushman & Wakefield Inc.’s Midtown Manhattan office, Gibson has more than 26 years of retail leasing experience in New York and nationally.

Lille, France – French home improvement retailer Leroy Merlin, a banner of Adeo Group, will install Pricer's electronic shelf label (ESL) system in all of its 121 stores by the end of 2015. Thirty -five store installations are planned for 2014 and the remainder during 2015.

The project value is estimated at more than $20 million. Leroy Merlin will roll out a mix of Pricer's economical segment-based ESLs along with featured graphic E-Paper-based labels throughout its stores.