Retail

Hoffman Estates, Ill. – Kmart Corp. will close at least eight stores by the end of 2014 as part of broader cost-cutting moves by parent company Sears Holding Corp. Kmart spokespeople sent emails to media outlets in Michigan, Indiana and Iowa announcing that Kmart will close at least five stores in the Detroit area, two in the Indianapolis area and one in Ames, Iowa.

Northbrook, Ill. - Pine Tree Commercial Realty LLC has acquired Riverbend Marketplace, a regional shopping center located in Asheville, North Carolina, in partnership with Wanxiang America Real Estate Group. The 142,617-sq.-ft. shopping center is shadow-anchored by Walmart, anchored by Kohl’s and Petsmart, and features 110,715-sq.-ft. of national best-in-class retailers.

Dublin, Calif. - Ross Dress for Less will open two new stores in the California Central Valley on Oct. 11. The stores are located in Bakersfield Plaza in Bakersfield and the Delano Marketplace in Delano.  

These new openings are part of the retailer’s 2014 expansion program, totaling approximately 75 new locations during the year. 

Indianapolis – Hhgregg plans to hire more than 450 home electronics and home appliances sales associates this holiday season to support its 228 stores. Hhgregg is accepting applications for holiday positions starting Sept. 25, and plans to have all new hires on board and in stores by mid-October.

The retailer is seeking to hire both full-time and part-time associates, and though the positions are immediately needed for the holiday shopping season, all new hires will be considered for ongoing employment.

Fort Worth, Texas - RadioShack's Fix It Here same-day mobile repair service is now available in 32 stores in the Miami-Ft. Lauderdale area. By visiting their neighborhood RadioShack store, smartphone and tablet owners can have common issues such as cracked screens, broken buttons and damaged charging ports repaired.

New York -- Woolrich, the Pennsylvania-based outwear and lifestyle brand, has opened its first-ever freestanding store, in New York’s SoHo neighborhood. The move follows the recent opening of three Woolrich stores in Europe, including a store in Hamburg, Germany, and Prague.

New York -- More than half of consumers will spend more for the Halloween holiday than they’ll spend for either Mother’s Day or Father’s Day, according to the 2014 Halloween Happenings Survey by Alliance Data Retail Services, which manages credit card programs.

Some highlights include:

• 67% of consumers buy Halloween candy that they like, in case they want to enjoy a few treats before the tricksters ring the bell.

Simon has long been known as one of the pre-eminent players in retail real estate and shopping center management and development. But with the formation of a new venture capital division, Simon Venture Group, and partnership with Plug and Play, a global investor and technology accelerator that specializes in growing tech startups, Simon is looking to take a leading role in retail IT, as well.