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Retail

  • Chuck E. Cheese’s and Claire’s sign new leases at Kendall Village Center

    San Jose, Calif. – Chuck E. Cheese’s has signed a long-term lease renewal and expansion of roughly 2,126 sq. ft. for a total of about 16,158 sq. ft. at Kendall Village Center in Kendall, Fla. To accommodate this expansion, Berkowitz Realty Group had to relocate accessory retailer Claire’s within the center.

  • Five Applebee’s sold in 1031 exchange

    San Diego  — Representing a real estate investment trust, The Mansour Group has sold a portfolio of five Applebee’s for $13.3 million.

    To complete the transaction, The Mansour Group sourced a private high net worth California investor, who sold an apartment complex and acquired the portfolio through a 1031 exchange. The restaurants are located in North Carolina, Texas, Tennessee, Minnesota and Kentucky:

  • GameStop to hire 17K for console launches, holidays

    Grapevine, Texas – GameStop plans to hire approximately 17,000 employees nationwide as the company prepares for the upcoming PlayStation 4 and Xbox One console launches, as well as the holiday shopping season.

  • Walmart Foundation appoints new president

    The Walmart Foundation has appointed Kathleen McLaughlin as its president, effective Oct. 15. In addition to leading corporate giving, she will have responsibility for the company's global sustainability, women's economic empowerment initiatives and healthier food initiatives. 

    McLaughlin, previously a senior partner at global consulting firm McKinsey & Company, is a dual American-Canadian citizen and was based in Toronto.

  • The No. 1 Gift for Retailers this Holiday Season? #GivingTuesday

    By Chase Cornett, [email protected]

    The holiday shopping season is just around the corner and soon consumers will be bombarded with buying guides, floods of emails, deep discounts and, of course, that Black Friday competitive spirit. With all the chaos brought on by the holidays, retailers are finding it harder and harder to stand out. The result — strategies that focus on discounts, deliver low profit margins and drive transactions instead of engaged brand experiences.

  • Homeland Stores goes mobile

    Homeland Stores, a 78-store regional supermarket chain headquartered in Oklahoma City, has launched a mobile payments pilot program with mobile payments technology provider DoubleBeam. Homeland's SwiftScan mobile application allows customers to pay for purchases with a smartphone.

    SwiftScan is currently accepted for payment at 20 Homeland locations, with plans to add 26 more locations by the end of October.

  • Tesco’s Fresh & Easy declares bankruptcy to ease sale to Burkle

    New York -- Tesco Plc’s Fresh & Easy chain filed for Chapter 11 bankruptcy as part of a plan to sell most of the U.S. chain’s 167 stores to a private equity firm led by billionaire Ron Burkle.

    Fresh & Easy cited debt between $500 million and $1 billion in a court filing on Monday in U.S. Bankruptcy Court in Wilmington, Del. According to the documents, a unit of Tesco will end up with a 22.5% stake in the Yucaipa affiliate that acquires the supermarket chain.

  • Rent-A-Center opens Hawaii store

    Wichita, Kan. – Rent-A-Center has opened a new store in Kihei, Hawaii. The new Rent-A-Center is located at 1215 S. Kihei Rd., Ste. 3.

    “We’re very excited to be here in Kihei,” said store manager Robyn Idemoto. “We’ve gotten a great response from the community. Everyone’s like family out here, and I really like that. I feel that we can bring a lot of positivity to the community.”

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