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Retail

  • Waffle restaurant expands presence with Strand on 5th unit

    Huntington Beach, Calif. -- Bruxie announced that it opened its fifth waffle restaurant, with a new unit in Southern California in Huntington Beach on April 23.

    Bruxie Gourmet Waffles opened at The Strand on 5th, a collection of shops and restaurants, boutique hotel and office space. Other key retail tenants to the coastal attraction include RA Sushi, Forever 21, Skechers, Active Ride, Rip Curl, Merrilee’s Swimwear, Johnny Rockets, ANGL, and CVS Pharmacy.
     

  • Aaron’s names COO

    Atlanta -- Aaron's said that David L. Buck has been named COO. Ken Butler, age 60, will be retiring as COO after a 39-year career at Aaron's effective May 1. He will also resign from the Aaron's board of directors.
       
    Buck, age 63, was promoted to senior VP, operations earlier this year. He has risen steadily through the Aaron's management development program during his 24 years with the company.

     

  • Cabela’s profit surges 73% on guns and ammo sales

    Sidney, Neb. -- Cabela’s first quarter profit rose 72.9%, topping expectations, on strong sales of firearms and ammunition. Net income rose to $49.8 million, up from $28.8 million in the year-ago quarter.
     
    Revenue increased 28.7% to $802.5 million from $623.5 million last year. Analysts expected revenue of $770.5 million.
       

  • Safeway Q1 profit up

    Pleasanton, Calif. -- Safeway Inc. on Thursday said it earned $118.9 million, in the first quarter ended March 23, up from $72.9 million a year earlier, helped by tax benefits. The company maintained its forecast for the year.

    Net sales inched down to $9.99 billion, from $10 billion a year ago, as the company sold its Genuardi’s division. Same-store sales rose 1.5%.

     

  • Spanish restaurant to open at Suniland Shopping Center

    Pinecrest, Fla. -- Terranova Corp. said that it has signed a deal with Spanish restaurant chain 100 Montaditos to open a unit at Suniland Shopping Center, in Pinecrest, Fla.

    100 Montaditos has signed a lease for 2,500 sq. ft. in Suniland, where it is projected to open in fourth quarter 2013. It is the third deal Terranova has transacted with 100 Montaditos, which it has signed in Coral Gables’ Miracle Mile and in downtown Miami’s Vizcayne, a condo tower with ground-floor retail.
        

     

  • Shisui Premium Outlets opens with lineup of first-to-Japan brands

    Tokyo, Japan -- Indianapolis-based Simon Property Group said that, in partnership with Mitsubishi Estate Co., it has opened Shisui Premium Outlets (Shisui Town, Inba District, Chiba Prefecture), the ninth Premium Outlet Center in Japan.
     

  • Carter’s opens at SkyView Center

    New York -- Children’s apparel retailer Carter’s has celebrated the grand opening of its newest New York store at The Shops at SkyView Center in Flushing, Queens.

    Located on Level B across from Chuck E. Cheese’s, Carter’s held an official ribbon cutting ceremony to formally launch the new space.

     

  • New tenants bring Grace Park to near 100% occupancy

    Morrisville, N.C. -- The Kalikow Group, on behalf of KEP Morrisville Realty and EYC Cos., said that Grace Park, a mixed-use development featuring 90,000 sq. ft. of ground-floor and outparcel retail space, as well as 180 residences, is nearing 100% occupancy with the addition of four new tenants.

    Trali Irish Pub, leased 4,100 sq. ft. at the Morrisville, N.C. property, and Health Station will occupy 1,500 sq. ft.  Ladders Teaching Supply is opening a 1,500-sq.-ft. store and Italian restaurant Mare leased 3,200 sq. ft.

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