Retail

Crosland Southeast acquires Blockbuster portfolio valued at $27+ million
Charlotte, N.C. -- Regional shopping center company Crosland Southeast has acquired 24 former Blockbuster stores from Blockbuster Corporate, spanning North and South Carolina, Louisiana, Tennessee and Florida. Blockbuster vacated all stores at closing, and Crosland Southeast has already sold 11 of the 24.
Supervalu sees higher loss, sales in Q1; appoints two board members
Minneapolis – Supervalu Inc. reported a higher net loss and lower net income during the first quarter of fiscal 2014, compared to the first quarter of the prior fiscal year. Net loss totaled $105 million, up from $18 million year earlier, although one-time after-tax charges of $139 million pushed Supervalu into the red. Net sales were $5.16 billion, a 1.5% drop from $5.24 billion a year earlier.

Crocs counts customer traffic

Chicago – Crocs Inc. has selected ShopperTrak to provide retail traffic counting and analytics in store locations worldwide. In November 2012, Crocs started using a managed service from ShopperTrak at more than 170 stores. It completed a global rollout in spring 2013.
Four Reasons Why Big-Box Retailers Need a Connected Home Strategy

By Mike Harris, [email protected]
Planet Beauty opens three boutiques in SoCal

Costa Mesa, Calif. -- Over the last three months, Planet Beauty has opened boutiques in three Southern California cities — Corona del Mar, Del Mar and Huntington Beach — bringing the chains store count to 34.
Easton Town Center to add eight tenants

Columbus, Ohio -- Easton Town Center co-developers have announced that they will add eight new tenants to the development by August. The new tenants include:
Sherwin-Williams Mexico acquisition rejected

Cleveland – The Federal Competition Commission of Mexico has voted not to authorize Sherwin Williams’ November 2012 acquisition of Mexico City-based home improvement retailer and paint producer Consorcio Comex, S.A. de C.V. Sherwin-Williams is reviewing the rationale for the commission's decision and says it expects to respond to the Commission's concerns in the near future.
Rue21 and Sony Pictures Entertainment team for movie promotion

Warrendale, Pa. -- Rue21 is partnering with Sony Pictures Entertainment to promote the release of "The Mortal Instruments: City of Bones.” The promotion awards a winner with two tickets to the Hollywood movie premiere; three additional winners receive movie prize packs.

In addition, Rue21 is hosting two legs of Sony Pictures' 10-market mall tour where fans can see the stars of the film, Lily Collins and Jamie Campbell Bower. Rue21 is hosting the events at the Chicago Ridge Mall (Chicago) and Franklin Mills Mall (Philadelphia).
Safeway Q2 net income and sales decline

Pleasanton, Calif. – Safeway reported a substantial decline in net income for the second quarter of fiscal 2013 as well as a drop in sales. Adjusted net income for the quarter was $8.4 million, compared to $122.7 million in the same quarter a year earlier. However, after adjusting for various legal expenses and loss from discontinued operations, net income for the quarter would have been $125.1 million.
99 Cents Only opens new stores

City of Commerce, Calif. – 99 Cents Only Stores is opening new stores in Santa Fe Springs, Calif. and Kingman, Ariz. on July 25. Both will be the first 99 Cents Only stores in those municipalities.

The retailer will be offering special 99-cent deals on items such as flat-screen TVs and scooters to the first customers in line on opening day.

Crosland Southeast acquires Blockbuster portfolio valued at $27+ million

Supervalu sees higher loss, sales in Q1; appoints two board members

Crocs counts customer traffic

Four Reasons Why Big-Box Retailers Need a Connected Home Strategy

Planet Beauty opens three boutiques in SoCal

Easton Town Center to add eight tenants

Sherwin-Williams Mexico acquisition rejected

Rue21 and Sony Pictures Entertainment team for movie promotion

Safeway Q2 net income and sales decline

99 Cents Only opens new stores