Retail

Lyndhurst, N.J. -- Crossroads Cos. has been named leasing agent and property manager for Veterans Square Shopping Center, located on New York Avenue in Lyndhurst, N.J.

The 144,400-sq.-ft. neighborhood shopping center’s tenant roster includes a free-standing ShopRite, Home Goods and a mix of national, regional and neighborhood businesses.

Washington, D.C. -- Douglas Development said it has teamed with CBRE on a new boutique office and retail project in Washington, D.C.’s Penn Quarter neighborhood.

The 11-story office building will occupy approximately 93,000 sq. ft., and include 7,000 sq. ft. of ground-floor retail space. The building will offer two floors of below grade parking, outdoor terraces, and a terracotta façade.

Issaquah, Wash. -- Costco Corp. reported Thursday that net income for the quarter ended May 12 increased a higher-than-expected 19% on increased sales and member fees. The wholesale club operator earned $459 million in the third quarter, up from $386 million in the year-ago period.

Revenue rose 8% to $24.08 billion, just missing Wall Street’s forecast of $24.09 billion. Revenue from membership fees climbed to $531 million from $475 million, and same-store sales rose 5% overall and 6% in the U.S.

Abilene, Kan. -- Alco Stores said Thursday that it has promoted Ricardo Clemente to senior VP, human resources, store operations and loss prevention.

Clemente joined the chain in 2011 as a district manager, most recently serving as VP stores and human resources.

New York -- Elixir Juice Bar has leased two more stores in Manhattan, according to Winick Realty Group, which represented the brand in both of its recent New York leases.

Elixir will occupy 70 Greenwich Avenue, located between Seventh Avenue South and Sixth Avenue in the heart of the West Village. Elixir has also leased a location in the Upper East Side. The 500-sq.-ft. store is located at 1371 Third Avenue, between 78th and 79th Streets.

New York -- Delia’s reported Thursday that its loss more than doubled year-over-year, as the multichannel retailer lost $9.2 million in the quarter ended May 4, compared with a loss of $4.3 million last year.

Revenue slid 15% to $35 million, and same-store sales fell 7.1%. Amid the disappointing results, the company has appointed Tracy Gardner as CEO, effective June 5, moving over from his current position as COO.