Retail

Chestnut Hill, Mass. -- WS Development announced that it will develop an outlet center in Cheshire, Conn. WS Development will introduce leading fashion and designer outlet stores to the 500,000 -sq.-ft. project, which is expected to open in summer 2015.

This open-air shopping, dining and entertainment complex will also include public open space, walkways, recreation amenities, a residential component and full service grocer.

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Jacksonville, Fla. -- Revenue at stores open at least one year climbed 8% last month for discount retailer Stein Mart. According to Stein Mart, strong sales of linens and ladies’ casual and career sportswear helped drive revenue growth and offset weaker sales in dresses, ladies’ accessories and men’s sportswear.
 
For the quarter to date, revenue at stores open at least a year increased 1.2% and total revenue climbed 3.8% to $321.4 million.

New York -- Foot Locker Inc. said Wednesday that it will buy German athletic store chain Runners Point Warenhandelsges (RPG) for 72 million euros ($94 million) as it expands in Europe.  
 
RPG, which had sales of $254 million for 2012, operates more than 200 stores — with its most prominent banners being Runners Point and Sidestep — as well as an online subsidiary, Tredex. Most its stores are in Germany, although there are also Runners Point and Sidestep locations in The Netherlands, Austria, and Switzerland.

New York -- Ikea has officially plugged-in the solar energy system installed at its store in Stoughton, Mass. The 118,000-sq.-ft. array consists of a 590.8-kW (DC) system, built with 4,220 laminated panels. It will produce approximately 695,000 kWh of clean electricity annually, the equivalent of reducing 479 tons of carbon dioxide (CO2), eliminating the emissions of 94 cars or powering 60 homes yearly (calculating clean energy equivalents).  

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